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The Federal Reserve'S Monetary Easing Is At &Nbsp, And The European Stock Index Rose 1.43% On Wednesday.

2010/10/14 10:12:00 26

Fed'S European Stock Index Closed Up

Beijing time on the morning of October 14th, along with

Federal Reserve

The European stock market will be strong on Wednesday as more measures will be taken to stimulate market expectations for slower economic growth.

European stock index

Final

Closing up

1.43%.


Pan European Dow Jones index closed at 266.22 points on Wednesday, or 1.43%.

The index fell 0.3% on Tuesday.


After the closing of the European stock market on Tuesday, the Fed released a summary of the September meeting of the policy committee.

The minutes show that the Fed's policymakers believe that "soon" will need to introduce new easing policies to stimulate economic growth.


In Wednesday's European stock market, finance, mining and oil led three sectors.

The financial times 100 index, which has a high stake in mining, rose 1.52% to 5747.35.

Also on Wednesday, driven by a weaker dollar, the main gold futures contract in December rose 25.30 US dollars to 1372 US dollars per ounce, while copper rose 1.1% and broke through 3.83 US dollars per pound.


In terms of major mineral company, weedanta resources (VED) and British and American resources (AAL) rose 5.9% and 5.4% respectively; and Strata (XTA) also rose 4.4%.

Mexico's Fresnillo (FRES) listed the world's largest silver mining company in the UK in the third quarter, with silver production rising and optimistic earnings forecasts, with its stock price rising 3.3%.


Neal Duwen, chief European investment officer of Allianz global investment company, believes that "the stock market rose because of the increase in cash supply." RCM

But he admits it is hard to tell which stocks to buy.

Although we all like the mining sector and so on, but because the trend is too strong, investors do not dare to invest too much money.


Duwen emphasized, "why did it rise before?

If you hadn't taken the opportunity to enter the market a year ago, you would still be hesitant.

The most painful sector is the financial stocks.

Although they are on the rise, their actual performance is not good, the signs of strengthening supervision are obvious, the trend of the profit curve is unfavorable, and there is also the risk of increasing bad debts and the anticipated financial tightening measures.

At the end of his report, he wrote, "to be honest, I am as confused as everyone else."


On the energy sector, Petrofac, a crude oil development equipment supplier (PFC), has been upgraded to a 4.2% increase by BP and 1.8%.


Germany's Infineon Technology (IFX) rose 2.6%, driving the German DAX 30 index up 2.1% to close at 6434.52, and STM rose 2.6%, driving the French CAC 40 index up 2.1% to close at 3828.34.


Other major companies reported that the Standard Chartered Bank (STAN) announced a new 3 billion 260 million euros ($5 billion 100 million) capital increase plan, the share price fell 1.7%; ARM Holdings (ARM), driven by Intel -T strong earnings on Tuesday, rose 1.8% on Wednesday; ASML Holdings (ASML) of ASML issued strong third quarter earnings and optimistic earnings forecasts, and its share price rose 6.1%.

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