Raw materials took advantage of the oil price
The European stock markets its Tuesday higher closed, supported through robust course profits at a number of insurers and Briton banks. All financials did not it however just good, after an unexpected billions redemption through the Swiss bank giant Credit Suisse. The EuroStoxx 50 ditch Tuesday 0.27% more high on 3.805,27. The DAX-30 alley 0.50% till 7.002,29, the CAC-40 ended 0.49% more high on 4,885.83 and the FTSE-100 climbed 0.34% till 5.966,90.
The redemption of $2.85 billion at structured credit products was according to Credit Suisse also the consequence of appreciations mistake by merchants, that suspended be before meanwhile. Credit Suisse enclosed 6.6% lower and also UBS (-0,6%) and Societe General (-1,3%) furnished.
The French insurer CNP Assurances shut however 6.8% higher, on take-over purchase speculation.
The British bank Barclays shut 3.7% more high after results over 2007. The net profit went down with 3%, as the market expected had approximately. The increase of the redemptions fell however with, with GBP1,6 billion against GBP1,3 billion in the preceding quarter.
"That is better than many had feared and good can become doorvertaald to other British banks, with name Royal Bank or Scotland, HBSC and Lloyds", said analyst Alex Miser of Collins Stewart. The named British sector enjoyments ends respective 1,6%, 0.4% and 1.8% higher.
Also the Dutch bank and insurer ING shut 2.3% higher, in run-up to the four quarter figures of Wednesday.
Raw materials funds took advantage of the oil price, that strong stubborn till above $97 per barrel, while also the platinaprijs to new records ascended. Mine building giant Rio Tinto shut shut 2.2% higher, the Italian energy group Eni 1.9% higher.
Norsk Hydro lost however 34,7%, after the business posted a 27% layer net profit by a volume of trade drop of 7%. The raw materials group know the meager results at lower aluminum price, weaker markets for distribution and raffinageactiviteiten and negative currency-effects.



June 10th, 2008 at 9:05 pm
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August 25th, 2008 at 3:32 am
My congratulation with first place in overall count on Olympic Games. Michael Phelps was the best!