European stocks mixed plate rebound Telecommunications

European stocks mixed plate rebound Telecommunications October 24, 2009 
 
Friday the three major European indexes were mixed. Investors this week, ushered in a large number of corporate earnings, the European stock market is quite volatile within a week Quotes.

Pan-European Dow Jones Stoxx 600 index (ST: SXXP) closed down 0.54%, to close at 245.12 points. So far the index has been down for the third straight trading days.

The major indexes in Europe, the UK FTSE 100 index (UK: UKX) rose 0.68% to close at 5,243 points. Germany's DAX 30 index (DX: 1876534) fell 0.39%, to close at 5,740 points. France's CAC-40 index (FR: 1804546) fell 0.33%, to close at 3,808 points.

Friday Asian stock markets closed generally higher. European stock markets closed, U.S. stocks lower disk, the main stock index by a large number of strong earnings in the promotion of higher short-term idle time after.

European investors Friday ushered in a lot of economic data. United Kingdom reported third-quarter gross domestic product (GDP) contracted 0.4% in the chain for the sixth consecutive quarter of decline, indicating that the British economy which is still in a recession. Germany's Ifo business confidence index in October, as well as the euro zone manufacturing and services purchasing managers index integrated exceeded market expectations.

Investec Securities economist Philip agencies - Shaw (Philip Shaw) that investors are not subject to the UK GDP figures bad effects. Prior to that he and other economists have forecast that the UK's third-quarter GDP will be slightly higher. Analysts on average expect the number will ring rose 0.1%.

Shaw also believes that the UK GDP figure was less than might be expected in the stock market have some good effects. He said, "stock market investors, while not reluctantly, but reluctantly accepted the United Kingdom's GDP figures, they believe the economic recovery despite the United Kingdom has not come as scheduled, but the resumption of economic growth is only a matter of time."

In view of this market situation, Xiao said that the UK is widely expected to be lower in the long period of time to maintain the benchmark interest rate unchanged pounds, "and lower the benchmark interest rate on the stock market has a supporting role."

European stock markets Friday, the superior performance of science and technology sections, reversing the decline Thursday of the plate around.

Telecommunications infrastructure equipment maker Ericsson (Ericsson, ERIC) shares rose 3.75%. Thursday as investors, the company announced disappointing third-quarter earnings report, leading to the day of its shares fell 6.2%.

Friday Goldman Sachs Group, Ericsson's stock rating from "neutral" tone up "sure buy" and its competitors Alcatel - Lucent (Alcatel-Lucent, FR: ALU, ALU) rating on the stock from " neutral "upgraded to" buy. " Alcatel - Lucent shares rose 1.8%.

Goldman Sachs said in a research report, "We believe that telecommunications infrastructure equipment maker reported third-quarter sales generally decline, meaning that the global capital expenditure cycle has bottomed out."

In addition to the telecommunications section, the Friday in the mining sector, European stock markets generally rebound. London stock market in Xstrata (Xstrata, UK: XTA) gained 3.8%, Vedanta Resources (UK: VED) rose 3.1%.