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Stock indexes of Europe grow moderately after two days of decline

Stock indices in Western Europe are rising moderately on Thursday after two days of declines, the growth stocks of the companies associated with high technology and tourist sector.

However, the sharp drop in prices in the mining sector holding back growth.

The composite index of the largest enterprises of the region Stoxx Europe 600 rose 11:16 kV for 0.2% to 387,18 points.

Britain’s FTSE 100 rose 0.2%, the French CAC 40 and the German DAX up 0.3 PCT, Spain’s IBEX 35 was 0.4%. The index of the 50 largest companies in the Eurozone Stoxx 50 gained 0.3%.

Industrial output in Germany unexpectedly fell in October by 1.4% compared to the previous month. Analysts on average had expected the increase by 1%.

Meanwhile, inflation in the Netherlands increased in November, more than market expectations: the consumer price index (CPI), harmonised with EU standards, increased by 1.5% in annual terms, after rising by 1.3% in October . Economists had expected a rise of 1.4%.

Trade deficit of France has increased from 4.64 billion euros in September to 4.96 billion euros in October instead of the expected increase to 4.68 billion euros.

Housing prices in Spain rose in July-September at the fastest pace in 10 years in the growth – 6.7% in annual terms.

The stock Uniper SE fell 0.6% in trading in Frankfurt. The company expects a decline in adjusted EBIT forecast range for the year 2018 is from 800 million to 1.1 billion Euro, compared to 1-1,2 billion euros in 2017. However, Uniper plans to raise dividends.

The market value of Sky Plc climbed 3.5%, to highs for the year on the reports that Comcast is fighting with Disney over the assets of Fox, including Sky.

The price of securities British bookmaker Coral Group Ladbrokes Plc jumped by 25.5% on reports that GVC Holdings Plc, which owns online casino, offers to buy it for 3.9 billion pounds ($5.2 billion). Stock quotes GVC increased by 5.6%.

The value of the shares of the Finnish tyre manufacturer Nokian renkaat Oyj jumped by 5.5% due to higher ratings of its securities and the recovery of the Russian market.

Capitalization of French Telecom operator Orange SA rose 1.5%. The company intends to cut costs by 1 billion euros by the end of 2020.

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