European stocks rose, paced by airlines including British Airways Plc and trucking companies such as Exel Plc, as increased oil supplies from Iraq
Published:
29 June 2004 y., Tuesday
European stocks rose, paced by airlines including British Airways Plc and trucking companies such as Exel Plc, as increased oil supplies from Iraq and the end of a strike in Norway sent the price of crude to a two-month low.
The Dow Jones Stoxx 50 Index added 0.5 percent to 2734. The Stoxx 600 gained 0.6 percent. The Euro Stoxx 50, a benchmark for the 12 countries sharing the euro, advanced 0.8 percent.
The slide in crude eases concern about mounting costs at airlines and other oil-dependent companies that has held their shares back as benchmarks advanced. The Stoxx 600's energy group has climbed about twice as fast this year as the cyclical-goods index, which includes airlines and travel stocks. The U.S.-led coalition handed sovereignty to an interim Iraq government today, two days early.
Šaltinis:
Bloomberg
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
EBRD to pay 4.6 billion roubles for 11.75 percent stake.
more »
On 24 November in London a letter of intent will be signed between Alytus Municipality and the Spanish aluminium company “Sopena group” regarding investments of the “Sopena group” in Alytus.
more »
Tourism opportunities in Dzūkija Region of Lithuania and other issues of incoming tourism promotion were the main topics of the meeting of the Mixed Intergovernmental Commission on Trade and Economic Cooperation between the People’s Republic of China and the Republic of Lithuania.
more »
On 22-23 November in Kiyv, foreign ministers of Lithuania, Ukraine and Belarus discuss trilateral cooperation and participation of Belarus and Ukraine in the Eastern Partnership of the European Union.
more »
The Kozloduy International Decommissioning Support Fund is supporting an innovative programme to boost energy savings and efficiency of public buildings in Bulgaria with a €5 million grant.
more »
Bank DnB NORD’s Economic Research Group predicts that out of the six Baltic Rim countries, moderate economic growth will be seen in Poland, Finland and, possibly Estonia in 2010, while Denmark, Lithuania and Latvia will need more time to climb out of recession.
more »
In a meeting in Brussels of the European Bank Coordination Initiative held on 19 November 2009, the parent banks of the six largest foreign banks active in Hungary reaffirmed their commitments made in May 2009 to support their subsidiaries.
more »
On 17 November 2009, the Board of AB Bank SNORAS decided to establish the bank’s representative office in London.
more »
The European Commission has approved, under EC Treaty state aid rules, two capital injections in favour of 'The Mortgage and Land Bank of Latvia' (LHZB).
more »
The government of G hana will tomorrow sign an historic agreement with the EU aimed at ensuring that only legally harvested timber from the West African country is exported to the EU market.
more »