The first monthly decrease of European markets from October
The indexes of stock exchanges ended the Old Continent to drop the first month of the new year and recorded its first loss on a monthly basis for the past four months. Earlier today it became clear that the securities markets in Asia, January has brought the biggest monthly loss for the past 11 months mainly due to the measures of central banks to tighten monetary policy. Pan-European index Dow Jones Stoxx 600 were reduced over the past three weeks. Stock measure, which after 17 western European markets, plus the one in Greece has lost 2.7 percent of its value in January. During today’s session, however, Dow Jones Stoxx 600 increased by 1% to 246.96 points for the good data on U.S. economy, which marked its strongest growth for the past six years during the last quarter of 2009. National stock indices rose in almost all European countries today. In France the CAC 40 added 1.4 percent to 3 739.46 points, the German DAX advanced 1.2% to 5 608.79 points while the mining companies have brought the UK’s FTSE 100 increased by 0.8% to 5 188.52 points. Within the last three month of January, however, the index recorded a monthly loss in the range from 5% to 7%.
During today’s trading session it became clear that unemployment in the euro area has risen to 10 percent in December from 9.9 percent in November. This is the highest level in nearly 11 years. Preliminary data for inflation in the euro area in January showed that it has accelerated to 1.1 percent on an annual basis. Shares of German auto giant BMW rose nearly 5 percent of the stock exchange in Frankfurt, after the largest maker of luxury cars in the world said it expects profit to come in 2009, BMW’s management said it has registered strong growth sales in the United States, China and Germany.
Tags: Dow Jones Stoxx 600, European markets, index, Indexes, monthly decrease, October, Old Continent, stock exchange