European stocks rose for a ninth week as U.S. economic data surpassed estimates, outweighing comments by the Federal Reserve and the European Central Bank that disappointed investors looking for more definitive steps to support growth.
Bankia SA (BKIA) posted the biggest gain in the Stoxx Europe 600 (SXXP) Index. Vestas (VWS)Wind Systems A/S rallied 11 percent after saying it has renegotiated its credit lines. Air France-KLM (AF) Group, Europe’s biggest airline, jumped 11 percent after reporting a narrower second-quarter loss.
The Stoxx 600 rallied 2.2 percent to 265.58 this week, its longest stretch of gains since January 2006. The benchmark gauge has climbed 13 percent over the nine-week period as policy makers eased repayment terms for Spanish banks and optimism grew that central banks will announce stimulus measures.
“There were some positive elements” from European Central Bank President Mario Draghi’s statement on Aug. 2, said Guillaume Duchesne, an equity strategist at BGL BNP Paribas SA in Luxembourg. “The ECB has a real will to help, but it’s a long, complex progress. The economic environment remains complex, but the U.S. payroll data is helping the market in the short term.”
Draghi stopped short of unveiling specific steps this week, disappointing investors looking for immediate action. While signaling that the ECB will join forces with governments to buy sovereign bonds, Draghi didn’t detail how the plan will work.
American Jobs
A U.S. report showed nonfarm payrolls in the world’s largest economy climbed more than forecast in July. Employers added 163,000 workers last month, according to the Labor Department. That exceeded the 100,000 median estimate of economists surveyed by Bloomberg News.
Confidence among American consumers unexpectedly rose for the first time in five months, a report on July 31 showed. The Confidence Board’s index increased to 65.9 last month from 62.7 in June. Economists in a Bloomberg survey projected a reading of 61.5.
Fed officials led by Chairman Ben S. Bernanke concluded a two-day meeting on Aug. 1 saying they “will provide additional accommodation as needed” to bolster the expansion. The Federal Open Market Committee also said it will “closely monitor” economic data and financial developments.
National benchmark indexes rose in 16 of the 18 western European markets. France’s CAC 40 Index gained 2.9 percent, the U.K.’s FTSE 100 Index advanced 2.8 percent, while Germany’s DAX Index jumped 2.6 percent.
Comment เอาง่ายๆๆที่มันขึ้นเพราะว่า มี 2 ปัจจัยหลักคือ การที่มีการซื้อ bond spain ระยะสั้น เพื่อกระตุ้นเศรษฐกิจ และตัวเลขการจ้างงานของสหรัฐเพิ่มขึ้นในเดือน 7 เพิ่มขึ้นถึง 163000 คนครับบ เป็น nonfarm payrolls ครับบ
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