The growth of European indices at the opening of trading supported the positive dynamics of the MICEX; an hour and a half later, the indicator of the Russian market, following Russia IOB, decreased, but managed to remain at high levels.

Stock trading in Europe March 30, 2011 opened with an increase in the leading indices. Traders were awaiting the publication of a number of statistical data. In addition, corporate news added positivity to the market. Against a positive background, Europe's main indicators rose to a three-week high.

Traders were active in Europe's financial sector in early trading, with major banks Barclays and Royal Bank of Scotland up 1.4% and 0.8% respectively, while rivals HSBC and Lloyds Banking Group rose by 0.6% and 0.5%.

Against the backdrop of positive corporate news, European automakers emerged as leaders in the increase. The German concern Porsche announced the start of subscription for new shares, which will be placed to pay off the company's debts. In total, Porsche plans to raise about $5 billion. The concern's securities rose sharply in price - by 8.1%, which had a beneficial effect on the quotes of other representatives of the sector: shares of Volkswagen and Daimler added 1.6% and 0.8%, respectively.

The commodity sector also showed positive dynamics. Prices for both Brent oil futures and aluminum and copper on the London Metal Exchange went up. Shares in the world's largest mining company BHP Billiton rose 2.7%, while rivals Rio Tinto and Antofagasta rose 1.9%. Oil prices also rose, but less significantly: the leaders in this sector, BP and Royal Dutch Shell, showed an increase of within 0.1%.

As of 14:00 Moscow time, the British FTSE 100 index rose by 0.46% to 5959.35 points, the German DAX by 1.50% to 7038.18 points, the French CAC 40 by 0.77% to 4018.37 points, and the Swiss SMI index - by 0.75% to 6402.77 points.

Economic Sentiment Indicator (ESI) in the eurozone in March 2011. decreased compared to February 2011. by 0.6 points - to 107.3 points. This was reported by the RBC news service with reference to the report of the European Commission. Analysts predicted that the indicator would be 107.5 points. ESI index value for January 2011 was revised up 0.1 points - from 107.9 points.

In 27 EU countries, the economic sentiment index increased by 0.2 points to 107.4 points. Among the largest EU countries, a deterioration in economic sentiment was observed in countries such as Poland (-3.1 points), Spain (-3.0 points) and Germany (-0.7 points). The most significant increase in the ESI index was recorded in March in the Netherlands (+3.1 points), Great Britain (+2.7 points) and France (+0.9 points).

Trading in Russian ADRs on the LSE began with an increase in quotes, which continued after a slight decline. An hour later, the FTSE Russia IOB index, which tracks changes in the prices of Russian depositary receipts, rose to a local maximum since the beginning of the session. Then the indicator declined, losing all previous growth. By mid-day the index made another attempt to grow. Russian ADRs were growing by this time. The only exceptions were four papers.

By 14:00 Moscow time, the following securities showed the greatest growth:

The following securities showed the greatest decline in quotations on the LSE:

The growth of European indices at the opening of trading supported the positive dynamics of the MICEX. An hour and a half later, the Russian market indicator, following Russia IOB, decreased, but managed to remain at high levels.

Quote.rbc.ru

European positivity was supported by the MICEX