European Stock Markets Fluctuates on Amid the U.S. Debt

stock market

European equity markets fluctuated Wednesday after two days of declines, amid fears the U.S. debt situation.
Titles Franco-American group Alcatel-Lucent” SA, manufacturer of telephone equipment, dropped 4.9% to 2.63 euros. The French government asked yesterday to review the company’s plan to dismiss 10,000 employees, announced Tuesday.

Shares of Italian oil company “Eni SpA” were appreciated by 1.1% to 17.30 euros. Company will not provide fuel to air carrier “Alitalia”, starting next week if its management and government in Rome do not reach an agreement concerning ensuring airline operations continuing.

The same day, the market index CAC 40 in Paris rose 0.5% to 4152.43 points, the FTSE MIB in Milan Stock Exchange – 1.2% to 18592.30.

In the U.S., shares rose in opening after Janet Yellen was chosen to lead the Federal Reserve at the end mandate of Ben Bernankethe.

Aluminum producer Alcoa” Inc. Titles has increased by 3.7% to $ 824. The company reported Tuesday a net profit of $ 24 million for the period July to September 2013, compared to a loss of $ 143 million in the same period in 2012.

Shares of technology Xerox” Corp. were assessed by + 0.6% to 10.2 dollars. U.S. Committee Exchange Commission (SEC) is investigating some accounting practices “Affiliated Computer Services’ (ACS) technology outsourcing firm bought by” Xerox “in 2010.

At 09.50, the Dow Jones Industrial Average rose 0.1% to 14,787.91 points, Nasdaq Composite – by 0.1% at 3698.13.

In Asia, shares fell, except in Japan amid fears about the stalemate in U.S. debt.
Titles of automotive company Geely Automobile Holding” Ltd. lost 3.4% in Hong Kong, reaching HK $ 4.26. A division of Goldman Sachs Group” Inc. earned 309 million dollars from the sale of 578 million shares “Geely Automobile” at a price of $ 4.15 each, according to Bloomberg. 5.9% lower price than the closing titles of “Geely Automobile” on 08 October.

“Toyota Motor” Corp. shares, the largest car manufacturer in Asia, climbed from 3% to 6,230 yen, following the depreciation of the Japanese currency.

Hang Seng index of Hong Kong Stock Exchange, fell 0.6% to 23033.97 points, the Tokyo market’s Nikkei 225 rose 1%, to 14037.84.


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