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European shares close mixed after expectant management business

European shares closed mixed on Tuesday, though the business was characterized by restraint. The Stoxx 50 rose by 0.1% or one in 2583 points, while the Euro Stoxx 50 was down by 0.7% or 20 to 2851 points, with banking shares particularly mild profit-taking recorded.

The orders of the U.S. industry brought it there to push. The data were known for their volatility in May but remained slightly below expectations, but there had been an upward revision for the previous month. Traders led to the lethargy restraint prior to the meeting of the European Central Bank (ECB) on Thursday and the U.S. labor market data back on Friday. In addition, in July are numerous U.S. quarterly reports.

Telecommunications shares of recommendations intended

The telecommunications stocks rose by 0.1%, with individual values ​​developed quite differently. According to estimates by Goldman Sachs are the European sector before major investment in faster networks. By the year 2020 was the worst to expect industry-wide investments of EUR 41 billion, the research firm. How to justify it saying that the customer demand for faster networks has increased significantly.

Part of the cost could potentially be saved through the use of new technologies for copper wire-based networks, as this was only about a third more expensive than laying new fiber optic networks. The new copper-wire technologies are not yet fully mature and therefore associated with uncertainties. The share of Deutsche Telekom, which had been graded to "sell" from "neutral", lost 0.6% to 10.63 EUR, while the recommended purchase, BT Group rose by 1.8% to 204 p.

Even the analysts at Nomura had made changes in the telecommunications sector, because of the greater importance of the Goldman study, but did not quite apply. Including German Telekom has been increased to "buy" from "neutral." France Telecom, to "Neutral" from "Buy" and Telefonica cut to "reduce" from "neutral." France Telecom and Telefonica lost 0.9% to indicate 1.3% to 14.48 EUR and 16.66 EUR.