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Wednesday, 26 August, virtually all European stock markets have shown negative dynamics. Reporting companies Swiss Life Holding, WPP and Antofagasta, as well as a statement of the Chinese Government about the possibility of curbing the growth of excess capacity in industries for the production of steel and cement had a downward pressure on the major indices. A small market has had a positive support to statistics from Germany and the United States, but the victory remained with the seller.
Thus, the German IFO index of business optimism rose in August to 90.5 points with the expected increase to 88.9 points. Statistics from the United States also has been very encouraging. Orders for durable goods in July increased by 4,9%, while economists forecast a change in a positive direction by 3%. Sales of new homes in the U.S. market in July amounted to 433 thousand, which significantly exceeded the expected value of 390 thousand
As a result of trades regional index Dow Jones Stoxx 600 has lowered 0,55% of the cost. The British FTSE 100 weakened to 0,53%, German DAX dropped to 0.56%. Losers was an Austrian ATX, a decrease of 2,18%. Not supported the general negative trend only Italian index FTSE MIB, poised to 0,36%.
Shares in Switzerland's largest life insurance company Swiss Life fell 7.01%. In connection with the fall of net profit in the first half by 91% to 142 million francs, the insurer announced its intention to cut 520 jobs. In the next three years the company plans to reduce the cost of 400 million francs.
Papers of the world's biggest advertising company WPP lost 1.44% of the value after it reported falling profits in the first half by 48% due to the strong pound and rising financial costs.
Quotes Antofagasta fell by 4,75%. Copper producer reported a fall of profit in the first half to 70% on the background of cheaper metals. Thus, earnings before interest, taxes, depreciation decreased by 65% to $ 603.1 million and was worse than the average analysts' estimates of $ 630 million
Paper Natixis soared 38.8%. French bank managed to obtain a guarantee from the BPCE, controlling 72% stake in th Natixis, for risky assets worth some 35 billion euros ($ 50 billion). In addition, representatives of the Bank expects to finish the third quarter of this year with positive financial result.
Shares in the largest Dutch financial company ING Groep recovering at 0,92%. According to unofficial information, DBS Group Holdings, Australia New Zealand Banking Group and Julius Baer Holding are among the contenders for the purchase of units of ING, engaged in banking services for wealthy clients.
Market capitalization of the third-largest global brewer Heineken has increased by 7,2%. The company reported an increase in profits in the first half to 20% against the background of cost reduction and increased product prices. Analysts expected a more modest growth of this indicator.
Quotes Suez Environnement jumped by 11.51%. The second largest company in Europe for water supply, reported on profits in the first half that overcomes the expectations of analysts.
Values of the basic indexes on closing are resulted in the table:
| Index | Country | Closing (items) | Delta day (items) | Change day (%) | value at beginning of year (the last closing in 2008) | Change YTD |
|---|---|---|---|---|---|---|
| ATX | Austria | 2,499.04 | -55.72 | -2.18% | 1750.83 | 42.73% |
| BEL20 Index | Belgium | 2,405.38 | -9.42 | -0.39% | 1908.64 | 26.03% |
| FTSE 100 | United Kingdom | 4,896.23 | -26.22 | -0.53 % | 4434.17 | 10.42% |
| DAX Index | Germany | 5,525.84 | -31.25 | -0.56% | 4810.20 | 14.88% |
| IBEX 35 INDEX | Spain | 11,376.40 | -51.4 | -0.45% | 9195.80 | 23.71% |
| FTSE MIB | Italy | 22,554.65 | 80.82 | 0.36% | 19460 | 15.90% |
| AEX | Netherlands | 298.56 | -1.47 | -0.49% | 245.94 | 21.40% |
| OMX Nordic 40 | Scandinavia | 811.10 | -8.41 | -1.03% | 625.8 | 29.61% |
| CAC40 | France | 3,670.50 | -10.11 | -0.27% | 3217.97 | 14.06% |
| SMI | Switzerland | 6,182.48 | -18.37 | — 0.3% | 5534.53 | 11.71% |
In leaders of the negative dynamics in the environment at RTS stock exchange were shares of companies TEK
As a result of trading the MICEX currency market the U.S. dollar in the UTS with the calculations of tomorrow was 31.4443 rubles. per dollar
Enterprises and organizations at the wholesale and retail electricity markets owe RusHydro 6 274.24 million rubles
By the end of the trading session on the market of Russia there has been recovery, due to the statistics on sales of new homes in the U.S.
From a technical point of view, the MICEX index still traded near a strategic range of 1020-1030 points
Russia's stock index, moving in line with global trends, completed auctions in the «red zone»
Net sales of Gazprom IFRS 1 quarter 2009 net of excise taxes and duties increased by 3% year on year, reaching 931 billion rubles
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Kolomoysky allows for the participation in the privatization of Privatbank IPF works only in conjunction with other investors