• European stocks rise

Market news

16 October 2012

European stocks rise

European stock markets have reacted to the increasing data on the index of business sentiment in Germany from the environment institute ZEW, index is in negative territory, but above the predicted level (-11.5 -14.6 forecast).

Also due to the decline in yield at the auction of state bonds of Spain, held today.

International rating agency Standard & Poor's downgraded the ratings of 11 Spanish banks and short-term ratings of four financial institutions, and also placed in the list to review downward the ratings of six more banks.

The course of trading today, may stat data from the U.S..

FTSE 100 5,834.12 +28.51 +0.49%

CAC 40 3,431.55 +11.27 +0.33%

DAX 7,302.1 +40.85 +0.56%

Shares of Rio Tinto Group gained 1.2% after the mining company has published data on the volume of iron ore in the third quarter, which were above analysts' forecasts. Paper GKN Plc declined by 3.6% due to a decrease in the forecast for sales in Europe.


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