Europe: markets felt it the fable of the swan, cancer and pike

 

Tuesday,20 October, European stock markets finished the session in negative territory. Volatility trading was so great that the regional index Dow Stoxx 600 managed to get into red and green zone of more than a dozen times. During the day, reports came out of American companies, most of which exceeded analysts' expectations, which could not fail to please investors. However, the whole picture tainted macroeconomic statistics from the U.S., navedshaya confusion among market participants.

Thus, the number of homes started construction in the U.S. fell in September from 598 thousand to 590 thousand, against the expected growth of up to 610 thousand Producer Price Index in the U.S. fell in September to 0.6% m /m, while analysts expected rate unchanged .

As a result of trading a key index of the UK FTSE 100 sank 0.72%, French CAC 40 index fell 0.54%, while the German DAX closed in a minus on 0,7%. Regional index Dow Stoxx 600 has become easier to 0,35% and closed at the level of 248.47 points. Exception to the general downward trend became only the Austrian market.

The banking sector in Europe was during today's session is not in the best position. For example, quotes the second-largest bank in the UK Barclays fell 4.8% amid reports that the Qatar Holding Company plans to sell more than 379 million shares of Barclays, after their value had increased almost fourfold in the past eight months. Paper HSBC, Credit Agricole, Royal Bank of Scotland and BNP Paribas sank 2.24%, 2,25%, 0,72% and 0,25% respectively. Managed to stand out Bank of Ireland, which has added to its asset 6,9%, after analysts Nomura Holdings raised its stock rating to neutral to buy.

Netherlands phone company Royal KPN earned 1,4% of market capitalization. Analysts Goldman Sachs Group advised to buy the paper because of its increased activity in mergers and acquisitions.

UK software developer Autonomy announced a reduction of gross margin for the three months ending in September due to increased costs, but also said that profit excluding some items was 20 cents per share. According to the forecasts of the company, expect a profit within the 20-23 cents per share. The results of the activities were at the lower boundary of the predicted value and as a consequence, the paper Autonomy fell 8,65%.

Quotations Royal Ahold, the Netherlands owner of the network of American grocery stores Stop Shop, left in a minus on 3,71% after the sale of its unit Dutch Albert Heijn stores open at least a year declined for the first time in six years against the backdrop of discounts and falling food prices.

France's largest life insurance company CNP Assurance has added to its asset 1,82% against the backdrop of increasing the rating of its securities analyst at UBS from neutral to buy.

Values of the basic indexes on closing are resulted in the table:

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