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Article: Ieba Trust - Financial Markets Weekly - Oct 12, 2009.
- Article from:
- Romanian Banks and Brokers Reports
- Article date:
- October 13, 2009
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Ieba Trust has pubished its weekly financial market report, containing a review of the financial and commodity markets of Romania, on October 12, 2009.
Market Comment
U.S related stocks closed sharply higher, with main indices gaining around c4.5%, while European markets also had a positive evolution. Along the week, BET-FI gained just 2.49%, whilst instead BET advanced by c6% and BET-C by c5%, over performing main European markets. Also, BET-XT rose by 4.65% while the energy related index jumped the most with 6.26%, mainly driven by PTR (+35% on a weekly basis). In spite of closing the week mostly negative, the midweek brought rather consistent gains ...