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
The European Commission approved an application from Spain for assistance from the EU Globalisation Adjustment Fund (EGF).
more »
The European Commission today reiterated the potential of existing EU-rules on mediation in cross-border legal disputes, reminding Member States that these measures can only be effective if put in place by Member States at national level.
more »
Exports of animals and animal products from the European Union to Russia are expected to receive a boost after five new certificates for exports between the EU and the Russian Federation entered into force on August 15.
more »
World Bank Group President Robert B. Zoellick visited Moldova on August 11-12 at the invitation of Prime Minister Vlad Filat.
more »
These are the financial results of the banking activities of the Danske Bank Group in Lithuania (Danske Bankas and Danske Lizingas UAB).
more »
The European Investment Bank (EIB) today signed its first loan agreement with Armenia.
more »
Given the worsening food crisis in the Sahel, the Commission today agreed to disburse €14.9 million for food security in Niger, the worst affected country in the area.
more »
The European Commission has cleared under the EU Merger Regulation the proposed restructuring of Arnotts' debts in return for a transfer of control to Anglo Irish Bank and Royal Bank of Scotland (RBS).
more »
The European Commission today approved a new financial support package of €135 million for Morocco.
more »
The European Commission is allocating an extra €10 million in humanitarian aid for Liberia.
more »