Financial News and Economical Crisis

European stock indexes rose on Monday on 1,3-2,3%, shares went up Deutsche Telekom, Lloyds, Shell, reported Bloomberg.

market-supporting data provided to increase the composite index of business and consumer confidence in the euro-zone economy in June to the highest level in seven months. This indicator rose to 73.3 points compared with a 70.2 point a month earlier and surpassed the forecasts of experts, averaging 71 point.

The first signs of recovery already, - said the chief investment director of CCLA Investment Management in London, James Biven. - The market is still in a phase of consolidation. I think now is a good opportunity for long-term investments in equities.

Cost of Deutsche Telekom shares rose as a result of trades at 2.5% on rumors that Vodafone Group is considering the application be placed on the purchase of T-Mobile UK, a British unit of German wireless company. Papers of British Vodafone, the world's largest mobile phone company, went up by 0.7%.

Price

securities Lloyds Banking Group rose by 6.1% due to the improvement of analysts Goldman Sachs advice to the British bank's shares to buy from neutral.

Shares Shell, Europe's largest oil company, went up by 1,8%, BP - 2%. The cost of oil jumped on Monday to 2.7%, surpassing $ 71 a barrel.

The price of shares

Novo Nordisk, the world leader in production of insulin, increased by 6.9% after falling 5.3% as a result of last week. European Association for study of diabetes reported that the study of the side effects of drugs produced by Sanofi-Aventis, is not scheduled to take place in respect of a similar drug Novo Nordisk.

Papers Spanish Grupo Ferrovial went up by 5.2%. Experts Macquarie Group increased the recommendation for the shares of construction companies, the owner of seven airports in Britain, to above market. According to analysts, the British airports operator BBA Ltd., Which is part of Grupo Ferrovial, is unlikely to face a refinancing risk until 2011.

Cost

Holcim shares rose 3.2% against the background of the inclusion of securities on the list of most preferred to buy by analysts UBS AG. Among the positive factors for the company's experts noted its presence in the emerging markets and strong finances.

16 of the 18 major stock indices of countries in Western Europe rose on Monday, the exclusion of indicators for Iceland and Luxembourg.

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