European shares in a disorganized, Paris wins 0.11%

June 19, 2010 - 10:15 am Comments Off

European shares ended Friday in a disorganized but the pan-European FTSEurofirst 300 index displays eighth consecutive day of gains.

The Paris Bourse closed on a very slight increase from 0.11% to 3687.21 points on Friday, again its eighth consecutive increase, and shows a gain of 3.770% for the week. In ten days, the CAC 40 bounced 10%.

The index of key European values close to him as a fourth consecutive week of gains, with a gain of 2.53% in five meetings, in a context of a rebound in world stock markets.

The MSCI World Index shows indeed ninth consecutive day of gains.Investors are showing some renewed risk appetite, encouraged by the successful auction of debt on the eve of Spanish and French and European Union decision to extend the "stress tests" to European industry as a whole.

As for European values, the bank has supported the ongoing titles Societe Generale, Credit Agricole and UBS gaining 1.72% and 6.06%.

The title has sold BP 0.63%, after Moody's lowered by three levels of the credit rating of the oil company, which also seek to borrow seven billion dollars to seven banks.

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