Economy
In reply to the discussion: STOCK MARKET WATCH -- Monday, 30 January 2012 [View all]Ghost Dog
(16,881 posts)... The FTSE 100 index is currently declining 0.68 percent. Most miners are notably lower. Anglo American is declining 1.8 percent and Antofagasta is losing 2.3 percent. Steel maker Evraz is declining 4.8 percent. Rio Tinto is losing 0.9 percent. Goldman Sachs raised the stock to 'Buy' from 'Neutral.' Among lenders, Barclays is falling 2 percent and Lloyds Banking is declining 3.1 percent. Royal Bank of Scotland is down 2.2 percent and Standard Chartered is rettreating 2.7 percent. BP is losing 1.2 percent and Royal Dutch Shell is dropping 1 percent. Budget airline Ryanair reported a profit for the third quarter, mainly reflecting a 17 percent increase in average fares. The Irish company also lifted its profit outlook for the full year. The stock is losing 1.4 percent. GlaxoSmithKline is gaining 1.2 percent.
Elsewhere in Europe, the German DAX is falling 0.46 percent and the French CAC 40 is losing 0.68 percent. Switzerland's SMI is dropping 0.30 percent.
In economic news, Eurozone economic confidence improved in January, posting the first increase in sentiment since March 2011, a survey by the European Commission showed. Meanwhile, Spain marked the first contraction in economic activity since the fourth quarter of 2009. Official figures showed that the Spanish economy shrank 0.3 percent quarter-on-quarter in the fourth quarter, in line with the quarterly estimates from the Bank of Spain...
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