🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

European Market Update: March 19, 2012

Published 03/19/2012, 03:21 AM
Updated 01/01/2017, 02:20 AM
UK100
-
DE40
-
ES35
-
IT40
-
TLW
-
AVIA
-
SMI
-
MAR
-

(RU) Russia Narrow Money Supply (RUB): 6.86T v 6.77T prior (ES) Spain Q4 Labour Costs Y/Y: 1.6% v 1.5% prior

(TR) Turkey Feb Consumer Confidence: 93.2 v 92.2 prior

(IT) Italy Jan Total Trade Balance: -€4.4B v +€1.2B prior; Trade Balance EU: +€756M v -€873M prior

(PL) Mar Central/Eastern European ZEW Indicator: No est v -19.5 prior

(IT) Italy Jan Current Account: No est v €402M prior

(EU) Euro Zone Jan Trade Balance seasonally adj: €5.9B v €6.0Be; Euro-Zone Trade Balance: -€7.6B v -€3.0Be

Fixed Income:

(ZA) South Africa sells total ZAR800M in I/L 2017, 2022 and 2028 Bonds

SPEAKERS/FIXED INCOME/FX/COMMODITIES/ERRATUM

Notes/Observations

China Vice Commerce Min Chen Jian: Yuan has appreciated "too much" recently

UK govt said to be planning to cut income taxes for the country's top earners from 50% to 40%

US Treasury Sec Geithner: There is no quick fix for higher gasoline prices; Reflects uncertain times in the world

German Chancellor said to proposes Schaueble to head Eurogroup

Equities

FTSE 100 +0.40% at 5964, DAX +0.10% at 7150, CAC-40 +0.10% at 3581, FTSE MIB +0.20% at 17,026, IBEX-35 -0.10% at 8416, SMI +0.10% at 6336

European shares remained in positive territory during the session as economic data continue to be positive. However, auto names were trading lower after Bernstein downgraded the sector.

Among individual names, Tullow Oil [TLW.UK] rose after announcing that Deepwater Tano licence offshore Ghana, has successfully encountered oil. Air Berlin [AB1.DE] fell after reporting a wider than expected loss due to extraordinary charges as a result of German aviation tax and the increase in fuel prices.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.