with profits in excess of 1% move in the last meeting in August European markets, and the macro of the eurozone suggests that the ECB will leave its aggressive strategy of firming, while discussions are continuing on the security of Greece and the new bail. “More generally, macro supports the view that the ECB will leave … the edge policy tightening at the next monetary policy meeting and will relax the rhetoric about inflation risks,” says the ING. In cutting estimates of the profits of the year went to Carrefour, the second largest retail chains worldwide, announcing that it expects 15% drop because of falling demand in France. The company’s previous forecast made for an increase in operating profit compared with epanadimosiefmena 2010 figures. The mean estimates were for 11% drop in profits to 2.4 billion euros. In six months, at the Carrefour net result showed a loss of EUR 249 million compared to net income of 97 million euros a year ago , while EBIT fell to 772 million euros from 989 million last year. On the dashboard, the estimator of the state of the stock markets of member countries of the Eurozone, the Euro Stoxx 50 record gains 1.33%. In London, FTSE100 notes gains 0.95%, the German DAX is reinforced at a rate of 1.28%, while in Paris the CAC-40 moved to 1.46%. Gains 1.61% notes IBEX in Spain, at a rate of 1.36 % supported the Italian MIB, while in Portugal the PSI record 1.10% rise. The Swiss SMI strengthened 0.75%. Positive signs show the indicators in Russia, the RTS at 0.92% and 1.15% in Micex. In Turkey, the market will remain closed until Thursday. On the forex market, Euro is moving stablizing around the $1.4440 against the US dollar while against the Japanese Yen the common european currency is currently at 110.55 yen.
This news post was written by Chris on August 31, 2011