Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

28.03.2014 18:00

European stock close

European stocks advanced, extending a weekly gain, as a measure of euro-area economic confidence rose in March more than forecast and Italian banks rallied following a government-debt sale.

The Stoxx Europe 600 Index added 0.7 percent, extending this week’s advance to 1.7 percent. The benchmark gauge has still dropped 1.3 percent in March amid tension between Russia and the West over Ukraine’s Crimea region.

“The confidence data show good numbers indeed,” said Espen Furnes, who helps oversee $75 billion at Storebrand Asset Management in Oslo. “The continuing recovery in the euro zone is key for the stock market throughout 2014. I’m pretty confident about the pace and power of the rebound. Based on this, it’s hard to be anything but bullish.”

A gauge of economic confidence in the euro area rose to 102.4 in March from 101.2 a month earlier, beating analyst forecasts for a rise to 101.4. Separate data showed a measure of the region’s industrial confidence stood at minus 3.3 this month, compared with estimates for minus 3.5. In the U.S., consumer spending rose by the most in three months in February, as incomes increased.

National benchmark indexes rose in all of the western European markets except Iceland.

FTSE 100 6,612.19 +23.87 +0.36% CAC 40 4,410.21 +31.15 +0.71% DAX 9,583.57 +132.36 +1.40%    

Intesa Sanpaolo rallied 3.8 percent to 2.41 euros. Italy’s second-biggest bank forecast dividend payouts of 1 billion euros this year and 2 billion euros next. The lender also said its fourth-quarter loss widened to 5.19 billion euros from 83 million euros a year earlier, as it wrote down goodwill and set aside more money for bad loans. Analysts on average had estimated a profit of 210 million euros.

Pirelli climbed 3.6 percent to 11.62 euros after reporting 2013 earnings before interest and taxes of 791 million euros, beating the 789 million-euro average analyst projection. The Italian tiremaker also cut its forecast for 2014 revenue to about 6.2 billion euros from 6.6 billion euros, citing the effect of currency swings.

Deutsche Wohnen AG advanced 1 percent to 15.53 euros after saying funds from operations excluding divestments, a measure of a property company’s ability to generate cash, climbed 68 percent from a year earlier to 114.5 million euros. Germany’s second-biggest residential landlord by market value had forecast 110 million euros. FFO in 2014 will be at least 210 million euros, the company said in a statement.

Aurubis AG, the world’s second-biggest producer of refined copper, gained 2.8 percent to 39.16 euros and Glencore Xstrata Plc, the third biggest, added 1.8 percent to 312.7 pence. A gauge of mining stocks was among the best performers of the 19 industry groups in the Stoxx 600 as copper prices climbed, heading for the biggest weekly gain since September.

Market Focus

  • U.S.: Industrial Production (MoM), September 0.1% (forecast 0.2%)
  • Britain can't get full single market access with free movement concessions - Merkel
  • Earnings Season in U.S.. Major Reports of the Week
  • New Zealand CPI, 3Q: 0.2% q/q (forecast 0%), 0.2% y/y (forecast 0.1%)
October 2016
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002


All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.

To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

  • © 2011-2016 TeleTrade-DJ International Consulting Ltd

    TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

    The company operates in accordance with Markets in Financial Instruments Directive (MiFID).

  • The information on this website is for informational purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

  • TeleTrade cooperates with SafeCharge Limited, which is an electronic money institution authorized and regulated by the Central Bank of Cyprus and is a principal member of MasterCard Europe and Visa Europe. We also cooperate with Moneybookers and Neteller, which offer electronic e-wallet services authorized and regulated by the Financial Conduct Authority.

    Please read our full Terms of Use.

  • To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

    TeleTrade-DJ International Consulting Ltd currently does not provide its services to residents or nationals of the USA, and also doesn't provide retail Forex and CFD accounts to residents or nationals of Belgium.

Служба технической поддержки:

  • Онлайн-консультация
  • Заказать звонок
  • Написать письмо
Connect with Us
Share on
social networks
Request a callback
Top Page