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European stock indices show growth on positive data on Chinese trade exceeded analysts' projections, as well as due to the fact that EU leaders at a summit on February 7-8 will try for the second time in recent months to agree on a draft budget for the next block of seven years.
One of the major issues of concern to experts before the summit: how far are willing to go France and Italy, to meet the requirements of the UK on further reducing the cost of 30 billion euros from the last version of the proposed - 973 billion euros (without extra costs). The only point on which all parties are willing to agree, this is any reductions mainly affect the "Expenditures on growth and competitiveness," the European Union.
The focus of the market is today publication of data on the labor market in Canada.
FTSE 100 6,250.78 +22.36 +0.36%
DAX 7,596.39 +5.54 +0.07%
CAC 3,617.34 +15.24 +0.46%
Hugo Boss AG shares rose 1.3% after reporting fourth-quarter results that exceeded analysts' estimates.
The market value of Alcatel-Lucent rose 3.3% after analysts at Morgan Stanley upgraded the company.
Market quotes Telecom Italia fell 1.4% after EBITDA, whose results were worse than forecast.
Capitalization of PSA Peugeot Citroen fell by 3.6% due to the fact that the company, the results for 2012 will include a write-off in the amount of 4.13 billion euros.
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