Investiční bankovnictví (Komerční banka)
World markets  |  October 30, 2012 16:06:00

Strong corporate results helping European indices to growth

The second day of trading in U.S. markets failure brought on European stock exchanges grow, mainly due to good corporate results. Optimism are most infested with oil companies and automakers, the lowest growth recorded contrary defensive sectors such as food and utilities. Oil giant BP rise after quarterly results by 4.5%, which also helped to increase dividends. By more than 3% after the results as fast as before Deutsche Bank shares, which exceeded expectations mainly due to gain from investment banking. More than a year after today's maximum five percent growth recorded shares of Swiss bank UBS.
PX also significantly influenced corporate results, namely the data published in the morning Erste Bank. Viennese banks shares on the Prague market improved by 5% and are the main reason for strengthening the market index by more than a percentage.Earnings season continues tomorrow data from media group CME. Today we reduced the price target for shares of Unipetrol to 152 CZK and Sell recommendations left.

Author: Miroslav Adamkovič

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