European stock indicators are rising following the US and Asia-Pacific indexes

27.08.2015

At the beginning of today's trading, stock indexes in Western Europe are growing following the indicators other parts of the world: the US stock market closed the Wednesday trade with the highest rise in four years, Asian markets held the Thursday auctions mostly in the green, with the Shanghai indicator rising for the first time in 6 sessions.

According to Bloomberg, the current week as a whole is one of the most volatile in the past few years, making reference to UK market and Europe.

The composite index of the largest companies in the Stoxx Europe 600 rose on 27 August by 2.5%, to 358.99 points.

Britain's FTSE 100 from the opening of the market rose 2.1%, the German DAX - by 2.8%, and the French CAC 40 added 2.6%. The index value of the largest enterprises in the euro-zone - Dow Jones Euro Stoxx 50, rose 2.7%.

The index of business confidence in the French economy rose in August to a maximum of 4 years – by 100 points, while analysts were not expecting it to change from the July 99 points.

According to Nasdaq, Asian markets reacted to the Central Bank of China actions, which held on Wednesday short-term liquidity operations of 140 billion Yuan ($ 21.80 billion), as well as operations on share purchase of Chinese companies through the state fund China Securities Finance.

Primary sector demonstrates better dynamics in Europe: shares of Anglo American, BHP Billiton, Glencore (LONDON: GLEN) and Rio Tinto rose by at least 3% in London trade.

The price of securities of Irish building group CRH Plc (LONDON: CRH) increased by 3.7%. The company has agreed to buy US CR Laurence Co. for $ 1.3 billion, which will allow it to expand its operations in the market of products for the installation of windows.

French conglomerate Bouygues (PARIS: BOUY) SA gained 5.5% in Paris trade by improving forecasts on earnings of the phone division for 2015.

The market value of the largest supplier of medical products in Germany, Fresenius SE, rose 4.7%, as the company expects to increase its dividend this year by at least 20%.

Meanwhile, the share price of French alcohol manufacturer Pernod Ricard (PARIS: PERP) SA fell 1.8%. Its annual income did not meet market expectations.

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