• European stock indices rose

Market news

9 July 2013

European stock indices rose

European stocks rose significantly, reaching in this three-week high, helped by a financial report from the American company Alcoa Ink, who started the earnings season with results that exceeded analysts' expectations. U.S. index futures and Asian shares also rose.

Stoxx Europe 600 Index rose 0.7% to 294.33, after rising to its highest level since June 17.

We add that the sensor mining companies increased by 2.1%, showing the best performance among 19 industry groups in the Stoxx 600, after the company Alcoa said that global aluminum demand to grow by 7% this year, led by a 11% growth in China.

Shares of BHP Billiton and Rio Tinto Group climbed 2.7% to 1,735 pence and 2.3% to 2,730.5 pence, respectively.

The cost of Polymetal International Plc, which is developing a gold and silver mines in Russia and gold-copper mine in Kazakhstan increased by 3.9% to 493 pence.

Shares of Anglo American Plc climbed 3.4% to 1,287 pence.

The cost of EDF increased by 9% to 19.36 euros after France komanalnoy allowed the company to increase the price of electricity for households by 5% in the next month and a further 5% in August 2014. In addition, it was reported that UBS AG raised its rating on the stock to 'neutral'.

LVMH shares rose 2.2 percent to 131.60 euros. The company has agreed to pay 2 billion euros ($ 2.57 billion) in 80% Loro Piana.

At the moment:

FTSE 100 6,508.88 +58.81 +0.91%

CAC 40 3,848.22 +24.39 +0.64%

DAX 8,048.5 +79.96 +1.00%

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