«Oil of Russia», 05.05.16, Moscow, 12:10
On Wednesday, , May 4, key stock indexes in Europe have shown a negative trend for the fourth day in a row, which was the longest decline for the month.
it should be noted that the pressure on the index was the publication of a series of disappointing earnings reports.
From published yesterday in the area of macroeconomic statistics is possible to note the data on the index of business activity in the services sector in Germany in April, which amounted to 54.5 points, while the expected 54.6 points.
also it is necessary to extract information for the euro area retail sales declined in March by 0.5% m / m, while the expected -0.1% m / m. Note that the previous change of the indicator was revised from + 0.2% m / m and + 0.3% m / m.
Following the session, key UK FTSE 100 index fell by 1.2% France’s CAC 40 fell by 1.1%, while the German DAX went to minus 1%. Regional indicator STXE 600, in turn, lost 1.12% and closed at 331.8 points.
Quotes brewer Anheuser-Busch InBev (AB InBev) fell by 1.6% on the background of the publication disappointing quarterly results.
Shares of BHP Billiton fell 5.8%, leading the decline among mining companies.
The market capitalization of the Royal Dutch Shell oil company decreased by 2.2%. Note that quarterly adjusted profit was $ 1.6 billion, while analysts on average expected $ 1.18 billion. Recall that a year earlier the figure was at the level of $ 3.7 billion.
Paper German telecommunications giant Deutsche Telekom fell 2.1% due to lower revenue in Germany to 2,5%.
The shares of the French bank Societe Generale gained 1.7% in value due to the unexpected increase in quarterly profit.
Positive trend showed the paper AP Moeller-Maersk, Siemens and HeidelbergCement rose by 6.4%, 1.4% and 1.6% against the publication of encouraging quarterly reporting. Read more on http://www.oilru.com / news / 514421 /
Smooth Anastasia, analyst, global markets ( “Finam”)
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