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    22.06.2016 10:54 Major stock indices in Europe on the rise

    22.06.2016 10:54

    Major stock indices in Europe on the rise

     

    European stocks rise fourth consecutive session on expectations that the UK will not withdraw from the European Union.

    The composite index of the largest companies in the region, Stoxx Europe 600, rose during trading by 0.14% - to 340.52 points.

    Today, rising raw material prices, including oil, are supporting the shares of mining, oil and gas companies.

    ArcelorMittal securities and Anglo American Plc rose more than 1,9%, Tullow Oil capitalization has increased by 0.5%.

    Merlin Properties SOCIM, spanish company, increased its market value by 4.5% on the news of a merger with Metrovacesa SA. The merger would form the largest company in the rent and property spanish markets.

    H & M stocks fell by 0.8%. Quarterly profit of the second largest clothing retailer in Europe fell by 17% to a minimum of 3 years.

    Shares of Swiss financial group Julius Baer rose by 1%, after Citigroup analysts raised their rating from "neutral" to "buy."

    Shares of Infineon AG jumped 1.3% after reports that by the end of 2016 more than half of all new cars around the world will be equipped with chips of the German company.

    Shares of InterContinental Hotels Group PLC fell 1.4% after Goldman Sachs analysts lowered their rating from "buy" to "neutral."

    SSE's shares fell 0.8% after the British energy regulator Ofgem said on Wednesday that the measures taken by the company should be directed at solving the problems in the market of electrical connections.

    At the moment

    FTSE 6246.02 19.47 0.31%

    DAX 10075.83 60.29 0.60%

    CAC 4384.72 17.48 0.40%

     
     

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