• Major stock indexes in Europe are growing

Market news

1 October 2013

Major stock indexes in Europe are growing

European stocks rose , rebounding while from the biggest decline this month as investors assessed the impact of the partial interruption of the U.S. government. U.S. index futures and Asian shares also rose .

Note that the administration of U.S. President Barack Obama on Monday night ordered federal agencies to begin partial " ordered the suspension " of the federal government, because Congress did not approve funding for the next fiscal year, which began Oct. 1 .

Stoxx Europe 600 Index added 0.3 percent, while reaching the level of 311.36 .

The course of trading was also influenced by the data for the euro area , which showed that up to September Eurozone manufacturing sector continued to expand, albeit at a slower pace than was seen in the previous month.

According to the report, the purchasing managers' index for the sphere of production fell in September to a level of 51.1 , compared with 51.4 in August ( 26 -month maximum). Note that the final result was in line with the preliminary estimate , released last month, and also confirmed the predictions of experts. We add that , in spite of the recession , the manufacturing sector remains above the 50 level for the third month in succession.

Meanwhile, data showed that the sub- index of production and new orders also continued to expand, which is celebrated for the third month in a row, although the pace of growth was slightly slower than in August , when it was recorded 27 - month peak . We add that the expansion of the manufacturing sector was

seen in all euro area countries except France and Greece.

Wolseley shares rose 2.3 percent to 3,270 pence . The world's largest distributor of water supply systems and products for heating said that the so -called trading profit for the 12 months to July rose to 725 million pounds ($ 1.2 billion ) from 665 million pounds a year earlier . Analysts have predicted that the profit will be at the level of 704 million pounds. In addition, the part of Wolseley proposed special dividend of 300 million pounds.

Cost Unilever fell 3.4 percent to 27.77 euros after the company said a slowdown in sales growth as well as the strengthening of the euro led to a further slowdown in emerging markets. Base sales for the third quarter is projected to have grown by 3-3.5 percent, compared with an increase by 5 percent in the first and second quarter.

At the moment :

FTSE 100 6,449.89 -12.33 -0.19 %

CAC 40 4,174.89 +31.45 +0.76 %

DAX 8,646.99 +52.59 +0.61%

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