Business

Break Point For European Market
by Milota Sidorova

"European markets used to take a longer-term approach, but these days they are swinging violently on day-to-day news. Today shows they're as vulnerable to good news as they are to bad," claims Robert Quinn, equities strategist at S&P.The permanent volatility show yesterday's results, in which Germany and the US raised the customer †and investor confidence. So far, the improvement came for the first time since last May. One can say that the optimistic German survey is a consequence of Buffet's offer to reinsure the municipal bonds in U.S.Freshly recovered stocks and the Berkshire Hathaway's cause just reinforced that the U.S. crisis will stay separately aside and won't affect European market.What is a fact, is an increase in many European indexes, for example Frankfurt's Xetra Dax added 3.3 per cent to 6,967.84 and the French's CAC 40 headquartered in Paris rose 3.4 per cent to 4,840.71.The flashback, giving a vision that the European biggest economy and car manufacture, caused a robust meeting of carmakers. The report only proved the raise. Carmakers along with green energy companies and the truckmakers boosted their profits. While Germany's Porsche rose 8.5 per cent to EU1,186, Italy's Fiat added 5.4 per cent to EU14.46 and France's Renault gained 5.6 per cent to EU72, Sweeden Scania's B shares rose 4.7 per cent to SKr138.75. Volkswagen counted 1.6 per cent to EU152.21.We can mention almost a resurrection for Renewable Energy Corporation in Norway, that swelled its profit adding 12.7 per cent to current NKr124.

by Milota Sidorova for PocketNews (http://pocketnews.tv)

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Edited by Katarina Rastocna

Labels: Business, CantellTV, Chris Cantell, Christopher Cantell, digital broadcasting, SigEx Foundry, SigEx Telecom

posted by Blog TechSource @ 4:16 AM