EUROPEAN stock markets have climbed thanks to upbeat eurozone data and company earnings, though gains were capped by more disappointing Chinese economic data, analysts say.
London's FTSE 100 index of leading shares on Wednesday rose 0.56 per cent to stand at 6,634.60 points approaching midday in the British capital.
Frankfurt's DAX 30 gained 0.59 per cent to 8,363.60 points and in the Paris the CAC 40 won 0.75 per cent to 3,952.48 compared with Tuesday's closing values.
In foreign exchange, the European single currency rose to $US1.3240 from $US1.3224 in New York late on Tuesday. The US dollar increased to Y100.06 from Y99.43.
On the London Bullion Market, the price of gold climbed to $US1,340.89 an ounce from $US1,333.50 on Tuesday.
"The biggest news today is that Europe is finally showing signs of growth," said Kathleen Brooks, research director at Forex.com trading group.
"Perhaps the most interesting development in the eurozone is the pick-up in France. While it's good news that there are signs of stabilisation in Spain and even Italy of late, France has been the weakest link for some time."
Private business across the eurozone returned to growth in July for the first time in 18 months, a key survey indicated on Wednesday, possibly signalling an end to recession, analysts said.
The Markit Eurozone Composite Purchasing Managers Index logged 50.4 points, above the 50-mark signalling growth, and a bigger-than-expected rise according to analysts after posting 48.7 points in June.
In company activity, shares in EasyJet soared 7.61 per cent to 437.72 pence after the British no-frills airline said revenues jumped in the group's third quarter on rising passenger numbers and fares.
Revenue climbed 10.5 per cent to STG1.142 billion ($A1.90 billion) in the three months to the end of June compared with a year earlier, the airline said in a statement.
Passenger numbers grew 2.6 per cent to 16.4 million and seat capacity by 3.6 per cent.
EasyJet added that it expected profit before tax for the 12 months to the end of September of between STG450 million and STG480 million, up from STG317 million in 2011/12.
Asian stock markets closed mixed on Wednesday as data showing that Chinese manufacturing activity shrank further in July added to mounting concerns about the world's second biggest economy.
Tokyo slipped 0.32 per cent, Shanghai was down 0.52 per cent and Hong Kong added 0.24 per cent.
HSBC's preliminary Purchasing Managers' Index (PMI) of Chinese manufacturing activity fell to 47.7 in July - an 11-month low - from a final reading of 48.2 in June.
A figure above 50 points to growth while anything below shows a contraction.
"Weaker Chinese numbers ... were quickly pushed out of the way by eurozone PMIs that give the smallest hint that, just maybe, things aren't quite as bad," said IG sales trader Yusuf Heusen.
"Particularly heartening was a welcome return to form by the German economy, which saw its august manufacturing sector move back into expansion territory."
On Wall Street, the Dow gained 0.14 per cent on Tuesday, setting yet another record high points level, but the S&P 500 gave up 0.19 per cent and the Nasdaq slid 0.59 per cent.
US shares were hit by a mixed bag of corporate earnings, although a surprisingly downbeat US manufacturing report reinforced expectations that the Federal Reserve would hold off winding down its stimulus anytime soon, traders said.
Anda sedang membaca artikel tentang
European stocks rise on EU growth hopes
Dengan url
http://jemuranduit.blogspot.com/2013/07/european-stocks-rise-on-eu-growth-hopes.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
European stocks rise on EU growth hopes
namun jangan lupa untuk meletakkan link
European stocks rise on EU growth hopes
sebagai sumbernya
0 komentar:
Posting Komentar