2011年5月9日星期一

European stocks retreat in morning trading (AFP)

London (AFP) - stock markets Europe leader is removed in the morning is on Wednesday, when investors reacted to a clutch of announcements of the company and the regional economic data.

Benchmark FTSE 100 in London fell from 0.53% at 6,083.84 points late morning deals. DAX 30 Frankfurt tempered from 0.10% to 7,493.61 points and in Paris the CAC 40 index facilitated 0.08% to 4,100.02.

The Stoxx 50 of the largest companies in the euro area index dropped from 0.10% to 2,997.44 points.

Products giant Glencore sets a price for its dual initial public offering in Hong Kong and London, which will be the largest in the world so far this year.

The Switzerland giant price its shares between ? £ 4.80 and ? £ 5.80 (7.91$-$ 9,55) for a sale should raise about 10 billion dollars.

The sale would have value Glencore, trader more products from the world by revenue, about $ 61 billion.

In Frankfurt Wednesday, Allianz the Germany became the last giant of insurance to see its profits hit by claims related to a series of natural disasters, including the monster of Japan earthquake and tsunamis.

Large insurer of Europe, said that the net profit in the first quarter collapsed 44 percent to slightly more than 900 million euros ($1.3 billion) due to 750 million euros of expenses related to natural disasters. Its stock price dropped from 1.03% to EUR 105.30.

Also in Frankfurt, BMW grew up 0.46% to 63.66 euros after the German luxury car manufacturer announced a quadrupled in net profits for the first quarter and increased its sales forecast for the year.

BMW said it made a net profit of EUR 1.2 billion in the first quarter, compared to 324 million euros in the same period in 2010, by beating the average forecast analyst of EUR 1.0 billion.

Consumers across Europe are at the same time divert stores, with March reveal a sharp decline in retail sales the largest and most powerful of the euro area economy Germany.

In all of the 17-nation euro-zone retail trade fell by 1.0% in March from February, when it rose slightly against January - with a dramatic decline in Portugal pre-bailout emerging also new data published by the European Union on Wednesday.

Portugal raised if billion euros with the issue of the instrument of debt in the short term on Wednesday, but the rate of interest that he should pay has increased, the day after debt rescue deal with the EU and the IMF.

Across the Atlantic, US stocks are on Tuesday with little positive news on the economic growth and the quarterly reports dull including Pfizer drug giant.

Prior to that open markets, Pfizer, largest maker of drugs more than reported earnings in the first quarter jumped 10%, slightly above analyst estimates, but sales were lower in the period of the previous year and missed the expectations of the market.

Pfizer shares closed from 2.8% to $20.44.


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