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Euromarkets Began With Profits Of Over 1%

Published 09/08/2015, 07:10 AM
Updated 07/09/2023, 06:31 AM
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The European indices show to overcome concerns about the course of the economy of China, after the current export data, starting today positively but without the volatility missing.

The British FTSE 100 index was up by 1.13% at 6,143 points, the German DAX increased by 1.27% at 10,238 points and the French CAC 40 moved up by 1.15% at 4,603 points.

Stoxx 600 index recorded profits of 1.18% at 359.01 points.

On the dashboard, Amlin (LONDON:AML) jumped by 33% as the MS&AD Insurance Group Holdings (OTC:MSADY) announced that it filed an acquisition proposal of the company of € 5.3 billion.

Also, Telefonica (MADRID:TEF) is increased by 0.8%, as it has been leaked that the company is in talks to rent new offices in Mexico by America Movil SAB (NYSE:AMX)'s Telesites to improve operating costs.

In the economic data of the day, the increased exports led the trade surplus of Germany in July to record levels, a sign that demand from abroad continues to give boost to the development of the No1 European economy. The trade surplus widened to €22.8 billion in July from €22.1 billion in June.

Losses Of Over 2% In Tokyo

Japanese equities fell on Tuesday, with Nikkei losing the gains that it had recorded since the beginning of this year, under the weight of disappointing data on Chinese trade.

The food and pharmaceutical industries were found at the heart of liquidations, after their spectacular super-yields earlier this year.

The Nikkei fell 2.4% at 17,427.08 points with the losses of the last 30 days amounting to 15.9%.

The broader index Topix fell 2% at 1,416.71 points, while the JPX-Nikkei Index 400 fell by 2.1% at 17,702.69 points.

On the dashboard, Takeda Pharmaceutical (OTC:TKPYY) shares fell by 3.6% and Astellas Pharma (OTC:ALPMY) by 4.7%. Also, the share of Kikkoman (TOKYO:2801) fell by 8.1%.

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