Tuesday, October 20, 2015

European shares opened on a firm note – The Obs

PARIS / LONDON (Reuters) – The main European stock markets opened on a firm note or slightly up Tuesday in a wait markets before the meeting of the European Central Bank on Thursday in Malta, however, animated by the latest earnings reports .

In Paris, the CAC 40 index yields 0.01% to 4703.37 point to 7:35 GMT. In Frankfurt, the DAX gained 0.12% and London, the FTSE advance of 0.07%. The EuroStoxx 50 index of eurozone increased by 0.1% and the FTSEurofirst 300% 0,0,6.

telecoms topped increases in Europe, the Belgian Mobistar (+6 , 6%) having raised its 2015 target results, while basic resources (-1.07%) accuse the largest decline, allocated for the second straight session by the slowdown in China in the third quarter, including industrial production.

Vivendi takes 1.35% after asking the Financial Markets Authority (AMF) an investigation after the dissemination of information, he denies, citing a decline 10% of the number of subscribers to Canal + in September. The stock had lost 2.1% Monday.

Soitec wins 5.2% after posting a turnover up 23% (+ 3% at constant exchange rates) and expected growth of 5% of its electronics business compared to the second quarter, at constant exchange.

Unicredit gained 3.1%. The Italian bank plans to sell retail banking and financial services to small and medium businesses of its subsidiary Bank Austria, according to two sources familiar with the matter.

In Zurich, Actelion wins 3, 35%. The biotechnology company raised its 2015 earnings forecast given Bestsellers expected of a new treatment for pulmonary arterial hypertension.

The euro timidly resumed after touching its lowest 10 days on the night before the ECB meeting that could open the way for a faster pace of its asset purchases, while oil rebounds slightly after declining more than 3% yesterday.

Among the indicators in Europe, producer prices fell 0.4% in September in Germany after falling 0.5% the previous month.

(With Sudip Kar-Gupta Juliette Rouillon for the French service, edited by Veronique Tison)

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