The European stocks failed to rise slightly Tuesday despite pressure, which had the market position of BP. Pan-European index Stoxx Europe 600 index rose 0.15 percent to 245.34 points, helped by gains in shares of food and utilities sector, considered to be less cyclical. Shares of BP fell by over 13% during trading in London after it became clear that its costs caused by the oil spill in the Gulf of Mexico is already approaching $ 1 billion. At the time of the session, shares of U.S. company lost nearly 12 per cent. Colossal amount worsen mood of investors on the Old Continent and the indexes were mostly red area in the U.S. were not disclosed slightly more positive economic data. So in late European session shares started to recover and Germany’s DAX even reported a profit for the day by 0.28 percent to 5981 points. But such was not the fate of the French CAC 40 and UK’s FTSE 100, which lost respectively 0.13 and 0.48 per cent to 3503 and 5163 points.
(more…)

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%.
(more…)