The leading indexes on the world exchanges reported a steady growth on Thursday, which cut the negative series of recent days. Impact did the press conference by Jean-Claude Trichet and good data on U.S. trade balance. The meeting of the OPEC also affected, in addition to a sharp jump in oil by over 3%, lead to increased inflation fears. The regular meeting of the European Central Bank (ECB) on interest rates expected no change. After the meeting it became clear that will be monitored with caution inflation and probably next month will lead to a renewed increase in interest rates. Earlier in the day the Bank of England (ATSB) has also left unchanged the base rate in the UK at 0.5%, highlighting the cause weak economic recovery. At the end of the day leading French CAC 40 index closed at 3878.65 (1.06%) points from all 40 companies only financial giant Credit Agricole closed in the red.
In Germany, the DAX 30 rose to 7159.66 (1.41%), with distinction BMW (+3.16%) and Volkswagen (+3.03%). The London’s FTSE 100 advanced to 5856.34 (0.84%) points. The positive sentiment in the United States were boosted by an unexpectedly good data on trade balance as a reason strong exports and decreased imports of petroleum products.
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The crude oil prices ended the last session in April to increase, contributing for the eighth consecutive monthly increase. This is a record achievement for black gold since the launch of futures trading on oil in 1983. Yesterday, the crude oil with June delivery rose with 87 cents to 113.73 dollars a barrel on the New York Stock Exchange. Thus, the raw material rose by nearly 6.8 per cent in April. On London Stock Exchange yesterday the price of Brent oil rose 87 cents to 125.89 dollars per barrel. Among the reasons for the continued upward series of oil are tensions in North Africa and the Middle East and concerns about problems with the U.S. economic recovery. For higher prices contribute expectations that the Fed will maintain a record low base rate in the U.S. still quite a long time to stimulate growth. This causes a decline in the dollar, leading to increased interest in investment in commodities. Since the end of August so far lightest crude oil traded on the stock exchange in New York has appreciated by over 58 per cent. Brent is even more expensive – by about 69 per cent.

The stock market indexes in Asia and Pacific region rose significantly in today’s session, following the good performance of U.S. markets in yesterday’s trading. The regional index MSCI Asia Pacific jumped 1.3 percent to 139.25 points, marking the strongest performance since December 2. Index erase its loss this year due to improved investor sentiment about the world economy. The shares of Toyota Motor rose 3.3 percent on the Tokyo Stock Exchange after the data increased its U.S. sales in January. Mitsubishi Electric’s profit of 45.6 billion yen (560 million dollars) in the last quarter of 2010 helped by a strong 7.4 percent jump in share prices. It is well known and mining companies led by BHP Billiton, because of rising metal prices. All major stock indexes in the region rose in today’s session, while financial markets in China, Taiwan and South Korea were closed for national holidays. Japan’s Nikkei 225 has managed to add 1.8% to 10 457.40 points, while Hong Kong’s Hang Seng rose 1.8 percent to 23,909 points. The Stock Exchange of Singapore Straits Times rose 0.8 percent to 3 211.12 points, before closing tomorrow because welcome the lunar New Year. In India BSE Sensex 30 rose 0.4 percent to 18 100.30 points after strong declines in the previous four sessions. The stock exchanges in China, Hong Kong, South Korea and Singapore will be closed tomorrow because of holidays, while those in Taiwan and Vietnam do not work over the last seven days.
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The European stocks rose for the fifth consecutive day thanks to some better-than-expected corporate profits, police Bloomberg. The Shares of Ahold chain stores reported the strongest growth since May – with 5 percent after the company announced an increase its dividend by 28 percent. At the opposite pole were shares of shipping company Maersk, which sank 4 percent after the group announced its first annual loss since World War II. Pan-European Stoxx Europe 600 index ended trading with a growth of 0,1 per cent to 252.93 points after a highly volatile session. Growth was limited by the end of the planned report on housing sales in the U.S. unexpectedly fell in January. Major national indexes advanced on 9 of the 18 western European markets. The UK’s FTSE 100 lost 0.1 percent to 5527.16 points while France’s CAC 40 and German DAX retreated with 0.4 per cent respectively to 3828.41 and 5795.32 points.
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The U.S. economy has a serious request to exit the severe economic crisis, it became clear from data on gross domestic product in the last quarter of 2009. It grew by 5,7 per cent in seasonally adjusted and aligned on an annual basis. This is the sharp rise in U.S. GDP by the end of 2003 onwards. The increase comes after the U.S. economic growth of 2,2 per cent in the third quarter of 2009. Analysts’ estimates were for growth of 5.4 per cent. Despite the high score, however it is too early for definitive evaluations Since several revisions to the data. Although over the last two quarters of 2009 to the U.S. economy grew for the whole last year reported a decline of 2,4 per cent. This is the worst performance of the U.S. economy from 1942 onwards, when it was registered a decline of 10.9 percent. Among the positive data make a bad impression with business investment, which suffered its biggest decline from 1942 to date, writes Market Watch. About two-thirds achieved in the last quarter of the year growth was due to selling of stocks in the economy. If they are removed from the calculations, the estimated growth of 2,2 per cent annually, which is a signal of continued weakness in the U.S.
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The Gross domestic product (GDP) grew by 0.4 percent in the euro area (EU-16) and by 0.3% across the EU in the third quarter of 2009, said the community’s statistical office Eurostat. In the second quarter of 2009 growth was -0.2% in the euro area and -0.3% in the EU27. Compared with the third quarter of 2008, GDP declined by 4.1% in the Eurozone and 4.3% in the EU27, after -4.8% and -5.0% respectively for the previous quarter a year ago. In the third quarter of 2009, consumer spending fell by 0.2%, at 0% and -0.1% respectively for the previous quarter. Investments decreased by 0.4% in the eurozone and by 0.5% in the EU27 (-1.7% in reported and -2.5% the previous quarter). Exports increased by 2.9% in the Eurozone and 2.4% in the EU27 (-1.3% respectively at -1.4 percent and the previous three months). Imports increased by 2.6% in the eurozone and by 2.4% in the EU27 (in-2, respectively, 9% in both zones). To compare the U.S. GDP increased by 0.7% in the third quarter of 2009, after -0.2% in the second quarter of 2009.
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After a painful downturn last week, most stock indexes in Asia and the Pacific region began this week with significant increases. Optimism prevailed among investors after the United Arab Emirates (UAE) said they would support their banks, which fell into difficulty because of the insolvency of the investment fund Dubai World. Most local currencies rose, and risk premiums on corporate bonds fell. The regional index MSCI Asia Pacific, which monitors the securities markets in ten Asian countries plus Australia and New Zealand, rose 3.5 percent to 117.85 points. This is the strongest measure of stock market growth since the beginning of April this year. Today, the UAE central bank said it stands behind the credit companies in the seven Arab Emirates, and the government of China confirmed that it will not hurry to withdraw its measures to support the economy. The financial companies in the composition of the MSCI Asia Pacific contributed most to the strong increase of the index today after last week suffered the most along the news about the financial problems of Dubai. The main stock index fell in Dubai with a record 7.2 percent last year, and the Abu Dhabi stock slid more than 8%. Today was the first business day of the exchanges in the UAE, which closed late last week because of holidays in the Arab world. The Japanese Nikkei 225 rose by 2.9 percent to 9345.6 points. Shares of exporting companies rose, although the rate of the yen against the dollar increased by 0.7 percent today. This increases the cost of Japanese goods companies abroad. In India, the BSE Sensex 30 rose 1.7 percent to 914.1 points to 16 after the country’s economy grew more than expected by 7.9 percent for the period July-September compared to last year.
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