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Tuesday, January 12, European stock markets finished the auctions on a minor note on the background was worse forecasts of analysts reporting the American aluminum giant Alcoa, the German cosmetics manufacturer Beiersdorf, as well as an unexpected increase by the central bank of China obligatory reserve norms for national lenders.
As a result of trades regional index Dow Jones Stoxx 600 has lowered 0,93%. The British FTSE 100 weakened to 0.71%, the Swiss SMI fell 0.76%, while the French CAC 40 dropped to 1.06%. Losers was the German DAX Index, decreased by 1,61%.
The largest U.S. aluminum producer Alcoa reported on a quarterly profit below analysts” forecasts have not slowed down the impact on the European securities industry representatives. For example, shares of the world”s largest mining company BHP Billiton lost 2.3% of the cost, and the paper”s third-largest aluminum producer in Europe, Norsk Hydro “thinner” at 5,31%.
Market capitalization of the German company Beiersdorf declined by 3.22%. Manufacturer Nivea creams reported on the fall of profit in 2009 by more than 33% to 379 million euros ($ 550 million) against a background of declining sales of cosmetics and adhesive plaster. Analysts expected the company during the reporting period will earn 399 million euros.
Shares largest Greek lenders National Bank of Greece and EFG Eurobank Ergasias have fallen on 6,26% and 8,38% respectively, after members of the European Commission expressed doubts about the credibility of published data on budget deficits, Greece.
Quotations European Aeronautic, Defence Space fallen on 2,62%. European aerospace company, reported on the largest decline over the last decade, annual revenue for the weakening U.S. currency, and failure to plan for the supply of aircraft A380.
Paper French manufacturer of high-speed trains Alstom “thinner” at 3,02%. Societe Generale analysts lowered the recommendation on shares of the company to “hold” to “sell”, citing increasing competition from Chinese industry representatives.
Market capitalization of the French spirits producer Pernod Ricard rose 1.33% after the specialists Credit Suisse Group raised the rating of securities companies with “good market” to “neutral.”
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 2009) | Change YTD |
|---|---|---|---|---|---|---|
| ATX | Austria | 2,630.92 | -29.47 | -1.11% | 2495.56 | 5.42% |
| BEL20 Index | Belgium | 2,565.05 | -20.81 | -0.8% | 2511.62 | 2.13% |
| FTSE 100 | United Kingdom | 5,498.71 | -39.36 | -0.71 % | 5412.88 | 1.59% |
| DAX Index | Germany | 5,943.00 | -97.50 | -1.61% | 5957.43 | -0.24% |
| IBEX 35 INDEX | Spain | 11,966.10 | -108.40 | -0.9% | 11940 | 0.22% |
| FTSE MIB | Italy | 23,583.35 | -191.41 | -0.81% | 23248.39 | 1.44% |
| AEX | Netherlands | 336.77 | -3.75 | -1.1% | 335.33 | 0.43% |
| OMX Nordic 40 | Scandinavia | 851.01 | -10.69 | -1.24% | 829.44 | 2.60% |
| CAC 40 | France | 4,000.05 | -43.04 | -1.06% | 3936.33 | 1.62% |
| SMI | Switzerland | 6,541.90 | -50.36 | -0.76% | 6545.91 | -0.06% |
Forex Market 12/01/2010
Asia: Markets in turmoil, reporting Alcoa disarmed Commodity
United States: the quarterly reporting season has started not the best way
Latin America: cheaper Commodities played into the hands of the bears
Forex Market. 13/01/2010
Asia: China gave a general collapse
Europe: following statements Societe Generale banking sector had to surrender
USA: pessimists, optimists have won
Latin America: steelmakers and mining companies helped the index to complete trades in the black