(+357) 22314160


Show news:

18.06.2013 10:42

European stocks advanced for a third day

European stocks advanced for a third day as investors awaited U.S. housing data to gauge whether the Federal Reserve will signal stimulus cuts at its policy meeting starting today.

The Federal Open Market Committee begins a two-day policy meeting today, with Bernanke holding a press conference tomorrow. In that conference, Bernanke may signal the central bank is close to tapering its quantitative easing, the Financial Times wrote. The newspaper didn't cite anyone.

A report showed German investor confidence increased this month. The ZEW Center for European Economic Research in Mannheim, Germany, said its index of investor and analyst expectations rose to 38.5 this month from 36.4 in May. Economists on average had forecast 38.1. Zero is the dividing line between optimism and pessimism.

Kabel Deutschland advanced 3.7 percent to 85.53 euros, its highest price since it sold shares to the public in March 2010. Germany's largest cable TV operator said it received a proposal from Liberty, the cable company controlled by John Malone. The offer comes after Vodafone Group Plc last week said it approached the German company about a takeover.

Liberty offered Kabel Deutschland about 85 euros a share, the Financial Times reported. Vodafone's informal offer valued the German cable company at between 81 and 82 euros a share, people familiar with the matter said June 12.

Aveva jumped 5.5 percent to 2,376 pence as Citigroup raised its recommendation on the shares to buy from neutral. The U.K. maker of engineering-software products is well positioned for "robust growth" as it starts selling its E3D software for three-dimensional design, Citigroup said in a note.

Danske Bank fell 5.3 percent to 105.80 kroner after the Financial Supervisory Authority asked it to adjust its internal-rating model in a step that will require the lender to add about 100 billion kroner ($18 billion) to its risk-weighted assets "over time." Denmark's biggest lender had underestimated its risky assets, the regular said yesterday.

FTSE 100 6,373.61 +43.12 +0.68%

CAC 40 3,862.03 -1.63 -0.04%

DAX 8,216.67 +0.94 +0.01%

Market Focus

January 2018
  • 2018
  • 2017
  • 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

Fb twitter linkedIn youtube
proficient forex broker teletrade
  • © 2011-2018 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.

Connect with Us
Share on
social networks
Request a callback
Top Page