The European shares turned away from six-week reached bottom after the Irish government unveiled a four-year plan for deficit reduction and negotiations for the rescue of banks in the country coming to a close. The positive effect on the performance of the indexes in Europe have had data on initial claims for unemployment benefits in the U.S. last week fell to its lowest level since July 2008, The Pan-European Stoxx Europe 600 index rose 1% to 266.29 points. Yesterday, the index dropped to its lowest level since October 12 because of growing concerns that the debt crisis will spread from Ireland to Portugal and Spain. The major national indexes rose in 14 of 18 western European markets. Britain’s FTSE 100 rose 1.4 percent to 5657.10 points, France’s CAC 40 won 0.6 percent to 3747.61 points. The main stock index in Ireland – ISEQ, rose 0.8 percent after yesterday dropped 3.4 percent. The most reported a strong increase in the German DAX – by 1,8% to 6 823.80 points. Today was exported data on business confidence in the country, which unexpectedly rose to a record level.
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The stock Exchange of Thailand reached their highest levels since 1996 in the first September session, after the political situation in Asian countries has improved considerably over the past three months. The increase in gross domestic product (GDP) and the financial performance of local companies during the second quarter, meanwhile, improved investor sentiment about the largest economy in Southeast Asia. The Chief of Thailand SET stock index advanced by 0.6 percent to 918.31 points, led by banks and energy companies. It’s time to end the session at the highest level since December 1996 when the Asian financial crisis dealt a severe blow to most securities markets in the region. Of Thailand Baht more expensive in turn by 0.4 percent to 31.17 baht per dollar, which is at its strongest rate since March 2008 onwards. SET was up 27 percent from its lowest point this year, which reached in May during anti-government protests in the country, which killed 89 people. Because of political tensions in Thailand, foreign investors sold shares of local companies for a record 1.9 billion dollars in May. In August, they bought shares for 505 million dollars, one of the most active investors in the country is known investor Mark Mobius.
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