(Bloomberg) -- European stocks may rise after earnings from European Aeronautic, Defence & Space Co., UniCredit SpA and Societe Generale SA topped analysts' estimates.
``The good earnings coming in now justify gains,'' said Klaus Stabel, head of research at ICF Kursmakler AG in Frankfurt.
Read more at Bloomberg Stocks News
Wednesday, May 9, 2007
Rio Tinto recoils as BHP bid a no-show
(Reuters) - Rio Tinto was down 2.7 percent to A$92.88 in afternoon trading after surging to a record high on Wednesday when the rumor sparked a dash for Rio stock. BHP dipped 0.25 percent to A$31.85.
"I think it's normal market reaction. It was just one of those market rumors that can run hot and cold," said Greg Goodsell, equity strategist at ABN AMRO.
Read more at Reuters.com Business News
"I think it's normal market reaction. It was just one of those market rumors that can run hot and cold," said Greg Goodsell, equity strategist at ABN AMRO.
Read more at Reuters.com Business News
Asian Stocks Drop, Led by Toyota on Profit Forecast; Rio Tinto, BHP Fall
(Bloomberg) -- Asian stocks fell from a record, led by Japanese automakers, after Toyota Motor Corp. predicted its smallest profit increase in a decade.
Toyota, which last month posted its first drop in U.S. sales in two years, slid to a five-month low. An index of consumer- goods companies including carmakers was the biggest drag on the Morgan Stanley Capital International Asia-Pacific Index.
Read more at Bloomberg Stocks News
Toyota, which last month posted its first drop in U.S. sales in two years, slid to a five-month low. An index of consumer- goods companies including carmakers was the biggest drag on the Morgan Stanley Capital International Asia-Pacific Index.
Read more at Bloomberg Stocks News
Australian Dollar Advances on Employment Data; New Zealand Dollar Rebounds
(Bloomberg) -- The Australian dollar strengthened after a government report showed employment rose four times as much as economists forecast in April. New Zealand's dollar rose from a four-week low on higher-than-expected job creation.
Australia's currency approached last month's 10-year high versus the yen as traders raised bets the Reserve Bank of Australia will lift borrowing costs from 6.25 percent. The yield on two-year government bonds jumped as falling unemployment and surging consumer spending suggest inflation will accelerate.
Read more at Bloomberg Currencies News
Australia's currency approached last month's 10-year high versus the yen as traders raised bets the Reserve Bank of Australia will lift borrowing costs from 6.25 percent. The yield on two-year government bonds jumped as falling unemployment and surging consumer spending suggest inflation will accelerate.
Read more at Bloomberg Currencies News
Fed Chairman Bernanke Earns Inflation `Stripes' With Tough Stand on Prices
(Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke, unshaken by the weakest economic growth in four years, is giving no quarter to inflation.
The Fed's Open Market Committee yesterday repeated its assessment from March 21 that persistent inflation remains the ``predominant policy concern.'' The central bank held its main interest rate at 5.25 percent, the level it's been at since June.
Read more at Bloomberg Currencies News
The Fed's Open Market Committee yesterday repeated its assessment from March 21 that persistent inflation remains the ``predominant policy concern.'' The central bank held its main interest rate at 5.25 percent, the level it's been at since June.
Read more at Bloomberg Currencies News
CGGVeritas Q1 profits rise, ups synergies target
(Reuters) - The world's biggest listed provider of seismic surveys, which are used to make detailed maps of potentially oil-bearing deposits, generated an operating profit of $188.3 million in the three months to March 31.
Revenues came in at $777.3 million, up from $639.4, and net profit for the quarter was $90.5 million, up 186.4 percent year on year, CGGVeritas said.
Read more at Reuters.com Market News
Revenues came in at $777.3 million, up from $639.4, and net profit for the quarter was $90.5 million, up 186.4 percent year on year, CGGVeritas said.
Read more at Reuters.com Market News
European Government Bonds May Fall as ECB Expected to Signal Rate Increase
(Bloomberg) -- European government bonds may fall before a meeting of European Central Bank policy makers who will probably signal an increase in interest rates next month after keeping them on hold today.
Benchmark two-year yields are near the highest in five years, and have climbed about 30 basis points since the ECB last lifted borrowing costs in March, as traders bet rates will rise twice more this year to 4.25 percent. President Jean-Claude Trichet may repeat the ECB's determination to combat inflation.
Read more at Bloomberg Bonds News
Benchmark two-year yields are near the highest in five years, and have climbed about 30 basis points since the ECB last lifted borrowing costs in March, as traders bet rates will rise twice more this year to 4.25 percent. President Jean-Claude Trichet may repeat the ECB's determination to combat inflation.
Read more at Bloomberg Bonds News
Subscribe to:
Posts (Atom)
