Financial News and Economical Crisis

 

Monday, January 25, European stock markets finished trading in the red zone against the backdrop of a significant reduction in sales volumes in the secondary housing market in the United States, as well as the continuing fall in oil and gas companies for quotations, resulting from low prices for “black gold”. According to official information, the December sale of homes on the secondary market in the United States declined from 6.54 million a month earlier to 5.45 million with a projected decline to 5.90 million

Intra macroeconomic statistics also failed to provide substantial support indices. Thus, the German GfK consumer confidence index in February fell 3.3 points from a month earlier to 3.2 points on the background of lower expected levels of household income.

As a result of trades regional index Dow Jones Stoxx 600 has lowered 0,65%. The British FTSE 100 weakened to 0.80%, the Swiss SMI fell 0.66%, while the French CAC 40 dropped to 1.02%. Losers was the German DAX Index, decreased by 1,12%.

Ericsson shares lost 1.11% of the cost. The world”s largest manufacturer of telecommunications equipment reported falling profits in the fourth quarter by 92% to 314 million kronor ($ 43.4 million), while reducing costs customers. Analysts expect that over the period the company will earn 2.5 billion kroons.

Paper Bayer “thinner” at 2,04%. According to the German pharmacist, the company was forced to stop testing the drug from hemophilia because of too high probability that the drug did not live up to expectations.

Quotes oil and gas companies have fallen on the background of low prices for “black gold”. For example, shares of BG Group and BP were “easier” to 0,84% and 1,09% respectively, and the paper Royal Dutch Shell and Total fell 1,05% and 1,08%.

Greek bank EFG Eurobank Ergasias and Piraeus Bank has managed to increase its market capitalization at 3,88% and 6,56% respectively in connection with a sufficiently high volume of demand for bonds by Greek investors.

Quotations Royal Philips Electronics jumped 5.07%. Europe”s largest consumer electronics manufacturer reported a third consecutive quarterly profit that exceeded analysts” expectations, by a decline in fixed costs. Thus, according to a report the company”s net profit for the fourth quarter amounted to 251 million euros ($ 355.6 million) compared with a loss of 1.17 billion euros a year earlier, with an average analyst forecast of 249 million euros.

Shares of the Dutch sports car manufacturer Spyker Cars, a leading negotiations with General Motors about buying units Saab, soared 76.74%. According to unofficial information, the company managed to reach an agreement.

Values of the basic indexes on closing are resulted in the table:

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As a result of trading the MICEX currency market the U.S. dollar in the UTS with the calculations of “tomorrow” was 30.0729 rubles. per dollar
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