World Exchanges -Top companies in Europe scarce
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Europe’s top companies have in the first half of 2009 clearly lost weight.
Top companies in Europe scarce
While at 30 June, only 35 European companies among the 100 in the world market capitalization companies were hardest, increasing the importance of emerging economies in global stock markets. As the audit and consulting firm Ernst & Young (E & Y) shows, has the stock boom in the emerging markets within the past six months to a slight shift of the most relevant players from Europe and the U.S. to Asia. Sun has about the DACH region, with five German and four Swiss companies, only nine members of the Top-100-rankings. China’s share is on the other hand, eleven of the world’s most expensive companies. Four of them are even in the Top Ten again, the oil company Petro China leads the list with 367 billion U.S. dollars on.
“The current development has already endorsed the economic crisis, but this is worse,” says E & Y partner Gerhard Schwartz in an interview with pressetext. Thus as the largest IPOs currently only in Asia completed. Even after the crisis will participate in the Asia-trend is expected to remain unchanged. “The crisis was short on a break of confidence in the emerging managed. Now clear that this crisis better than the West,” said Schwartz. However, it is expected that prices and market capitalization of corporations in Europe and the industrialized countries will recover and the Asia-boom subsides slightly.
The total value of the 100 most expensive company in the world is in the first half of 2009 from 9.3 to 9.9 trillion U.S. dollars increased slightly. Before that destroyed the crisis in financial markets, however, some four trillion dollars. Thus, the market capitalization of the top 100 companies a year ago still at 13.3 trillion dollars. Germany is in the rankings from second to fifth place behind the USA, China, Britain and France slipped off. During the financial sector again by weight, respectively, and also raw materials and energy companies rising prices in importance, include industrial companies and suppliers to the big losers. In the emerging markets did the optimism again gained the upper hand. For a sustainable upturn later this year but there is still no conclusive evidence.
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