TeleTrade - Analytics

    TeleTrade

    690.50 6.50/10
    81% of positive reviews
    Real

    23.07.2015 10:30 Major European stock indexes traded slightly higher

    European stock indices show a slight increase, as the negative impact of falling oil prices offset by positive corporate statements of Credit Suisse Group AG and Unilever.

    Support index also have news from Greece. Yesterday the Greek parliament voted in favor of the second package of creditors' claims. MPs 230 votes to 63 approved a bill on the measures needed for the final negotiations on a third program of financial aid to Greece of 86 billion euros ($ 93 billion). Approved steps simplify judicial decisions and incorporate into national law of the EU directive on the reorganization of troubled banks. Thirty-six deputies of the ruling party Syriza did not support the position of Tsipras to vote. Against the claims of creditors of the first package approved last week, were 39 representatives of the Party. Tsipras said he would carry out anti-crisis program, but does not consider it correct. He stressed that he would do everything possible to improve the final terms of the agreement.

    Pressure had weak data on Britain. The Office for National Statistics said retail sales (including motor fuel) decreased by 0.2 percent compared to the previous month. Recall the end of May sales rose by 0.3 percent (revised from 0.2 percent). It was the first drop in sales for the three months. Experts expect that sales will increase by 0.3 percent. Also, the data showed that, except for the sale of motor fuel sales declined by 0.2 percent, while economists had forecast an increase of 0.4 percent, which would correspond to a change in May. On an annual basis, retail sales growth (including motor fuel) slowed to 4 percent from 4.7 percent in May. Economists had expected sales to rise 4.9 percent. It is worth emphasizing sales increase recorded for 27 consecutive month, which is the longest series since May 2008. Excluding automotive fuel, sales growth slowed to 4.2 percent from 4.5 percent. It expects sales to grow by 5.1 per cent.

    Cost of Credit Suisse rose 6.4 percent as the bank returned to profit in the second quarter, and the financial results as a whole exceeded market expectations.

    Quotes Unilever - the company selling consumer goods - rose by 2.4 per cent due to revenue growth exceeded forecasts in the second quarter ( 2.9% vs. 2.5% expected).

    Roche Holding AG's shares rose 1.1 percent after the world's largest manufacturer of cancer drugs said that in the first half revenues exceeded analysts' forecasts.

    Cost of ABB Ltd. It rose by 2.2 percent, as the company reported higher profits than expected by experts.

    The stock price of Daimler AG - the German manufacturer of cars of a class "lux" - grew by 0.2 percent. Operating profit jumped 54% in the second quarter to 3.78 billion euros. Analysts on average expect its growth to 3.31 billion euros. Quarterly revenue Daimler rose by 19% - to 37.5 billion euros.

    Currently:

    FTSE 100 6,675.1 7.76 0.12%

    CAC 40 5,094.61 12.04 0.24%

    DAX 11,549.79 29.12 0.25%


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree