• European stock indices show a slight increase

Market news

18 July 2012

European stock indices show a slight increase

Indexes rose on a background of positive statements of the banking sector.

Results for January-June 2012 presented a financial group Nordea AB (Sweden). Net income for the period grew by 11% and amounted to 1.596 billion euros against 1.442 billion euros in the same period a year earlier. Net interest revenue increased by 9% to 2.882 billion euros against 2.650 billion euros for the I half of 2011 Nordea Quotes Against this background, increased by 2.6%.

Corporate reporting has supported the European market, even despite the fact that yesterday, Moody 's downgraded the ratings of 13 Italian financial institutions. Also, "negative" outlook have and Italian government bonds.

Current value:

FTSE 100 5,645.75 +16.66 +0.30%

DAX 6,598.51 +20.87 +0.32%

CAC 3,202.35 +25.38 +0.80%

Shares of Britain's Royal Bank of Scotland and Lloyds Banking Group rose by 0.5%.

It also demonstrates the growth of BHP Billiton to 0.8% and Anglo American and Antofagasta at 0.8% and 0.2% respectively.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.