European exchanges rose 0.8 – 2%

The leading stock indexes in Europe on Wednesday showed positive dynamics against the background of the weakening of the pound sterling and corporate news. At the end of the day, DAX (Germany) added 0.86%, FTSE 100 (UK) - 2.04%, CAC 40 (France) - 0.9%. The pound sterling was negatively affected by economic data for the second quarter. GDP volume UK declined 21.7% y / y during this period in quarterly terms - by 20.4%. At the same time in June GDP rose by 8.7%, which, according to analysts, is good sign. The fall of the pound supported the FTSE 100 index - cheaper national currency attracts foreign investors. The growth of European indices was also facilitated by the news of large companies. When it became known that in the second quarter profit of ABN Amro exceeded analysts' expectations, its paper have risen in price by 7.3%. Telecommunications company Sunrise Communications (Switzerland) climbed 26% on consensus Liberty Global for takeover.