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Europe close: US growth boosts bourses
Wed, 08 Feb, 2012
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Europe close: US growth boosts bourses
Fri, 27 Aug 2010, 16:10:00
Growth in the world's biggest economy reassured traders over the prospects for global growth, ensuring bourses closed with gains. The preliminary report on US GDP revealed the world's largest economy expanded at an annualised rate of 1.6% in the second-quarter, better than the 1.4% predicted, but down on initial estimates of 2.4%. German rivals <b>Commerzbank</b> and <b> Deutsche Bank</b> are also down. Across the markets, the Dax in Frankfurt gained 38 points to 5,951, while the Cac in Paris was 32 points higher at 3,507. The Swiss market climbed 51 points to 6,183. Spanish airline<b> Iberia</b> swung to a better than expected second-quarter net profit of €31m. On the economic front, Britain's economy grew more than initially thought in the second quarter. Gross domestic product grew by 1.2% during the three months to June, an even higher reading than the better than expected 1.1% growth reported for the period last month. <b>CAC 40 - Risers</b> Vivendi (VIV) € 17.86 +2.88% Vinci (DG) € 34.92 +2.27% Carrefour (CA) € 35.24 +1.88% Bouygues (EN) € 32.27 +0.95% France Telecom (FTE) € 16.27 +0.90% Suez Environnement Company (SEV) € 12.61 +0.88% Michelin (ML) € 59.48 +0.76% Unibail-Rodamco (UL) € 146.25 +0.76% Air Liquide (AI) € 81.98 +0.58% ArcelorMittal SA (MT) € 22.58 +0.56% <b>CAC 40 - Fallers</b> EADS (EAD) € 17.19 -4.21% Essilor International (EI) € 47.04 -2.40% ST Microelectronics (STM) € 5.47 -1.85% Vallourec (VK) € 66.28 -1.37% Lagardere SCA (MMB) € 28.89 -1.35% Pernod Ricard (RI) € 59.69 -1.34% Accor (AC) € 24.10 -1.23% Schneider Electric (SU) € 82.52 -1.13% LVMH (MC) € 91.12 -0.95% L'Oreal (OR) € 77.95 -0.94%
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