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Sep 13, 2013

The Lexington Group reports positive GDP data in the European Region as well in France and Germany helped to boost earnings on Wednesday, while BOE minutes hurt the FTSE.

Aug. 15, 2013 - CHIYODA-KU, Japan -- European stocks gained for a fifth straight day with the Stoxx Europe 600 Index up 0.3% after the release of second quarter GDP data showing that Europe has emerged from a six quarter recession. Overall European gross domestic product rose 0.3% beating market expectations of 0.1% to 0.2%.

GDP growth also beat expectations in two of biggest economies in the Euro zone. In Germany GDP grew 0.7% where 0.6% was forecasted. In the first quarter in German there was flat growth. In France growth expanded by 0.5%, much higher than the forecasted 0.2%.

In the UK, the Bank of England said it would leave interest rates unchanged until the unemployment rate drops below 7%, which they do not expect to happen until 2016. But data from the UK Office for National Statistics suggests that the 7% level could be reached sooner than expected, which has worried investors.

The FTSE 100 index fell 0.4% to close at 6,587.43.

The day´s biggest gainer was Norwegian oil field services firm Subsea 7 SA, which jumped 8.5% after reporting a smaller than forecasted loss in the second quarter. The pest control and hygiene firm Rentokil Intial PLC rose 6.1% after reporting a 5.2% rise in first half of the year operating profit.

Mining firms were on the decline in the UK. Eurasian Natural Resources Corp. fell 3%, after cancelling its interim dividend due to a drop in first half of the year profits. Rio Tinto PLC fell 0.5%, Antofagasta PLC lost 0.8% and Anglo American PLC declined 0.4%.

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Posted: Friday September 13, 2013, 6:45 pm
Tags: group the contact eu lexington report 81345209601 14.08.2013 [add/edit tags]

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Fred Hoekstra (6547)
Saturday September 28, 2013, 6:54 am

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Lexington Group
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\nAnalysts at The Lexington Group think that the tech sector will outperform the overall market for the rest of the year.  They are recommending Apple, IBM, Qualcomm, and Seagate.\r\nAnalysts at The Lexington Group believe that technology sector is ...
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\nLast year The Lexington Group invested in a number of American air carriers, which paid off as the sector has significantly outperformed the S&P 500, they expect the trend to continue and for the share prices to keep rising.\r\nIn December of 2012 ...
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\nOCI Resource’s IPO is expected to hit the market by the end of the week and analysts at The Lexington Group are giving it a buy rating.  The company has a strong customer base, experienced management, and substantial mineral reserves.\r\nOCI...
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\nAnalysts at The Lexington Group predict gold to rally strongly in the second half of 2013. Citing a variety of factors including military intervention in the Middle East, quantitative easing, and increased consumption.\r\nGold has been one of the worst...

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