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European stocks rose today that the session was the fourth increase in a row, which helped upbeat German trade data, which gave rise to the hope that Europe's largest economy is gaining momentum. As shown by the data that was presented today by the Federal Statistical Office, in March month of trade surplus has grown, but still was less than the predictions of experts. According to a report in the adjusted terms, German exports rose in March by 0.5 percent, which was followed after falling 1.2 percent in February, while imports increased by 0.8 percent, after falling 3.9 percent in the previous month.
Note that in view of these changes, the overall trade surplus in the country rose to the level of 17.6 billion euros, compared with the upwardly revised figure for the previous month at 17.7 billion euros. Note that according to the average estimate of analysts, the surplus was to be increased to the level of 18.1 billion euros, compared with 17.1 billion euros, which was originally reported in February.
Stoxx Europe 600 Index rose 0.4% to 304.99, its highest closing level since June 2008. Note that by the end of the week the index gained 1.3%, the third consecutive weekly increase.
Note that in the past week, most European indices rose to multi-year highs, as aggressive easing measures by central banks offset concerns about sluggish growth globally. Last week, the European Central Bank cut interest rates in an attempt to lure the region out of recession. This example also followed the banks of Poland, Australia and South Korea.
FTSE 100 6,624.98 +32.24 +0.49% CAC 40 3,953.83 +25.25 +0.64% DAX 8,278.59 +16.04 +0.19%
The cost of ArcelorMittal jumped 2.55% to 10.09 euros after the report for the first quarter showed that earnings before interest, taxes, depreciation and amortization fell to $ 1.57 billion from $ 2.12 billion a year earlier. Note that according to the average forecast earnings have been reduced to $ 1.32 billion
BT shares rose 12.26% to 309.5 pence on the background of the fact that the British telecommunications company reported that in the past quarter profit exceeded analysts' estimates, as the number of high-speed Internet customers, which helped offset the decline in fixed-line phones customers. Note that the adjusted earnings before interest, taxes, depreciation and amortization increased by 4% to 1.67 billion pounds ($ 2.58 billion). Analysts had forecast a profit of 1.62 billion pounds.
Cost Generali rose 0.7% to 14.63 euros, reaching the highest price since July 2011, after it was announced that first-quarter profit rose 6.3% as revenue from insurance business increased. Net income for the three months (to March) rose to 603 million euros ($ 786 million) from 567 million euros a year earlier. According to forecasts, the growth was to make 561.4 million euros.
ABB shares fell 0.14% to 21.51 Swiss francs after announcing that CEO Joe Hogan will leave the company for personal reasons.
Cost of International Consolidated Airlines Group SA by 1.64% to 275.9 pence after a British Airways said that first-quarter loss widened on a background of currency fluctuations, and the need to reduce costs by 311 million euros by cutting jobs .
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