• European stock rise

Market news

5 March 2013

European stock rise

European stocks rose while still achieving maximum values ​​for the last four and a half years, on speculation that central banks around the world will continue to take measures to support the economic recovery.

Stoxx Europe 600 Index (SXXP) rose 1.3% to 292.53, after rising to its highest level since August 12, 2008.

Recall that yesterday, deputy chairman of the Federal Reserve Janet Yellen said the U.S. central bank should insist on monthly purchases of bonds in the amount of $ 85 billion in addition, Yellen reiterated comments Ben Bernanke, that the benefits of historically low interest rates the Fed outweigh any risks of financial instability.

Shares of Standard Chartered (STAN) rose by 2.9% to 1,831.5 pence, reaching the highest price since December 2010. The second-largest lender by market value UK said that pre-tax profit rose to $ 6.88 billion from $ 6.78 billion a year earlier, while economists have estimated it at $ 6.84 billion

Serco cost rose 11% to 642 pence, showing the biggest jump since September 2003. British services company announced a 6% increase in adjusted earnings before taxes and dividends increased by 20% to 10.1 pence.

Deutsche Post AG shares rose 3.8% to 17.65 euros, registering the largest increase in seven months. Europe's largest postal service said that fourth-quarter net profit of 542 million euros ($ 707 million), exceeding the average analyst forecast at 482 million euros. In addition, the company expects 2013 earnings before interest and taxes will be in the range of 2.70 billion to 2.95 billion euros, compared with the average analyst estimate at 2.87 billion

To date:

FTSE 100 6,394.57 +48.94 +0.77%

CAC 40 3,758.17 +48.41 +1.30%

DAX 7,815.02 +123.34 +1.60%
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