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Strong Upward Move From Euromarkets

Published 09/08/2015, 12:38 AM
Updated 07/09/2023, 06:31 AM

The European indices recover today by finding supports from the statements of Chinese officials that the situation in the country markets is gradually normalized, while the new data on industrial production in Germany also has a positive effect.

The British FTSE 100 index was up by 1.24% at 6,118 points, the German DAX rose by 1.23% at 10,162 points and the French CAC 40 moved up by 1.21% at 4,578 points.

The Stoxx 600 index recorded profits of 1.08% at 356.92 points.

On the board, Glencore (LONDON:GLEN) increased by 13% after the announcement of its management that it plans to sell its assets and own shares in order to allocate the funds raised to debt reduction.

Enel SpA (MILAN:ENEI) rose by 1.4% as it reported that the 2015 targets will be achieved due to the good course of the results for the first half.

Unicredit (LONDON:0Q54) increased by 1.6%, after the assurances of the company's CEO, Federico Ghizzoni, the bank will not have its share capital increased.

In the economic data of the day, the industrial production in Germany was increased in July, thanks to the strong production in the automobile and construction industry.

According to the figures that were released today by the German Ministry of Economy, the industrial production increased by 0.7% in June, compared with +1% that was expected by the economists.

Stocks Rose Slightly In Tokyo

Japanese stocks rose slightly on Monday, rebounding from the 7-month low.

The Nikkei rose by 0.4% at 17,860.47 points, while the transaction volume stood at low levels most of the day to increase after noon.

The broader index Topix closed with an increase of 0.1% at 1,445.65 points, although its sub-index for the real estate sector fell by 1.3%. The JPX-Nikkei Index 400 also strengthened by 0.1% at 12,977.78 points.

On the board, the shares of Toyota Motor Corp. (NYSE:TM) and Honda Motor Co. (NYSE:HMC) closed with an increase of 1.2%, Toshiba Corp. (TOKYO:6502) rose by 1.8% and Nippon Kayaku (TOKYO:4272) jumped by 12%.

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