Market news
11.12.2012, 11:00

European stocks trade at higher

Growth began trading the main stock indexes in Europe. Today's data on the index of business sentiment in the medium from the ZEW Institute in Germany and the euro area have exceeded analysts' estimates. Instead, what would show a negative value, the index rose. Indicator for the euro area in December was at 6.9 at the forecast 0.1 to Germany in December as the forecast 6.9 -11.4.

Markets are hoping to address the "fiscal cliff" in the U.S. starting today from a two-day U.S. Federal Reserve meeting.

FTSE 100 5,931.92 +10.29 +0.17%

DAX 7,570.70 +39.78 +0.53%

CAC 3,632.55 +20.45 +0.57%

Value of the UK alcoholic beverage producer Diageo Plc dropped during trading at 1.5%. The Company has completed negotiations to buy Cuervo tequila brand and intends to terminate the distribution agreement, under which Diageo sells Cuervo tequila outside of Mexico.

ThyssenKrupp Shares fell 2.4%. Germany's largest steelmaker increased the net loss for the fiscal year ended September 30, up to 4.7 billion euros from 1.29 billion euros a year earlier, and said it would not pay the annual dividend.

Shares of the Belgian financial group KBC fell in price by 6.9%. KBC raised EUR 1.25 billion from the offering, selling 58.8 million securities at 21.25 euros per share, which represents a 9.5 percent discount to their value at the close of the market on Monday.


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