U.K. stocks erased earlier gains. Mitchells & Butlers Plc, the owner of the O'Neill's pub chain, and Barclays Plc dropped. Alliance & Leicester Plc paced advancing shares.
The benchmark FTSE 100 Index lost 22.5, or 0.4 percent, to 6,280.70 at 9:59 a.m. in London, having earlier risen as much as 0.9 percent. The FTSE All-Share Index dropped 11.89, or 0.4 percent, to 3,207.64.
Mitchells & Butlers dropped 4 percent to 596 pence. Barclays, the U.K.'s third-biggest bank, retreated 2.2 percent to 542 pence.
Alliance & Leicester, the country's second-worst performing bank stock this year, gained 7.5 percent to 683 pence.
irs-finance-advise.com
четверг, 29 ноября 2007 г.
European Stocks Advance, Led by Fortis, Credit Suisse, BP
European stocks rose, led by Fortis, Credit Suisse Group and BP Plc.
The Dow Jones Stoxx 600 Index added 0.2 percent to 364.88 as of 10:28 a.m. in London. The Stoxx 50 increased 0.3 percent, while the Euro Stoxx 50, a measure for the euro region, advanced 0.5 percent.
Fortis climbed 2.9 percent to 18.69 euros after China's Ping An Insurance (Group) Co. bought a stake in Belgium's biggest financial company.
Credit Suisse, Switzerland's second-largest bank, advanced 1.8 percent to 67.6 francs.
BP Plc, Europe's second-largest oil company, gained 1.4 percent to 585.5 pence.
Oil surged more than $4 a barrel, the most in a month, after an explosion at an Enbridge Inc. pipeline from Canada to the U.S. cut supply to the world's largest energy user.
irs-finance-advise.com
The Dow Jones Stoxx 600 Index added 0.2 percent to 364.88 as of 10:28 a.m. in London. The Stoxx 50 increased 0.3 percent, while the Euro Stoxx 50, a measure for the euro region, advanced 0.5 percent.
Fortis climbed 2.9 percent to 18.69 euros after China's Ping An Insurance (Group) Co. bought a stake in Belgium's biggest financial company.
Credit Suisse, Switzerland's second-largest bank, advanced 1.8 percent to 67.6 francs.
BP Plc, Europe's second-largest oil company, gained 1.4 percent to 585.5 pence.
Oil surged more than $4 a barrel, the most in a month, after an explosion at an Enbridge Inc. pipeline from Canada to the U.S. cut supply to the world's largest energy user.
irs-finance-advise.com
пятница, 23 ноября 2007 г.
Global Stocks, U.S. Futures Rise; CNP, Volvo, GM Pace Gains
Global stocks advanced as investors speculated the sell-off may be overdone given the outlook for earnings growth and gains in metal prices lifted mining shares. U.S. index futures increased.
CNP Assurances SA led insurers higher in Europe after Les Echos reported that Axa SA may bid for the French company. Volvo AB, the world's second-biggest truckmaker, climbed after saying 10-month sales increased. General Motors Corp. and Ford Motor Co. gained in Germany. China Mobile Ltd. and Cnooc Ltd. helped Hong Kong's index to its first advance in three days after billionaire Lee Shau-kee said he bought shares.
The MSCI World Index added 0.3 percent to 1,547.25 as of 9:05 a.m. in London. Futures on the Standard & Poor's 500 Index gained 0.8 percent to 1,428.5.
``Corporate activity is returning,'' said Andy Brough, executive director at Schroder Investment Management Ltd. in London, who helps oversee $6.5 billion. ``It's the corporates that come up with the checks and say, `You know what, these shares are cheap.'''
The MSCI World is still heading for its worst monthly slump since the start of the global bull market in 2002, posting a 7.6 percent retreat so far in November. Japan this week became the first of the world's 10 biggest stock markets to enter a bear market since the summer's U.S. subprime-mortgage collapse.
The slump has made global stocks the cheapest relative to earnings in at least 12 years. The MSCI World Index is valued at 15.4 times profit, the lowest since at least February 1995, weekly data compiled by Bloomberg show.
microcap-market.com
CNP Assurances SA led insurers higher in Europe after Les Echos reported that Axa SA may bid for the French company. Volvo AB, the world's second-biggest truckmaker, climbed after saying 10-month sales increased. General Motors Corp. and Ford Motor Co. gained in Germany. China Mobile Ltd. and Cnooc Ltd. helped Hong Kong's index to its first advance in three days after billionaire Lee Shau-kee said he bought shares.
The MSCI World Index added 0.3 percent to 1,547.25 as of 9:05 a.m. in London. Futures on the Standard & Poor's 500 Index gained 0.8 percent to 1,428.5.
``Corporate activity is returning,'' said Andy Brough, executive director at Schroder Investment Management Ltd. in London, who helps oversee $6.5 billion. ``It's the corporates that come up with the checks and say, `You know what, these shares are cheap.'''
The MSCI World is still heading for its worst monthly slump since the start of the global bull market in 2002, posting a 7.6 percent retreat so far in November. Japan this week became the first of the world's 10 biggest stock markets to enter a bear market since the summer's U.S. subprime-mortgage collapse.
The slump has made global stocks the cheapest relative to earnings in at least 12 years. The MSCI World Index is valued at 15.4 times profit, the lowest since at least February 1995, weekly data compiled by Bloomberg show.
microcap-market.com
HSBC Sees Brazil's Bovespa Rising 32%, Extending Gain
Brazil's benchmark Bovespa stock index may extend its rally to a sixth year, gaining 32 percent over the next 12 months as profits rise, HSBC Holdings Plc's asset management unit forecast.
An expected slowdown in the U.S. economy won't keep earnings at Brazilian companies from advancing 11 percent next year after an 18.5 percent increase this year, according to Pedro Bastos, the chief executive officer of HSBC Investments in Brazil, and Mario Sergio Felisberto, the chief investment strategist.
``The effect that the slowdown in the U.S. economy is generating in profits globally is marginal,'' said Felisberto, who helps manage about 53 billion reais ($30 billion), at a conference in Sao Paulo. ``Unless we have a strong deterioration in the market, and there's no sign of that right now, we will still see growing profits.''
The Bovespa has risen 37 percent since December and is poised for a fifth year of gains after record low interest rates and high commodity prices boosted shares of its biggest companies.
An expanding global economy should lift Petroleo Brasileiro SA, Brazil's state-controlled oil company, Bastos and Felisberto said. HSBC also favors miners such as Cia. Vale do Rio Doce, the world's biggest iron-ore producer. Vale is up 81 percent this year, making it the fourth best performer among the Bovespa's 63 members.
Mobile Phones, Utilities
Shares of mobile phone companies are less attractive because of growing competition in the industry, they said. Utility shares may be hurt by regulatory uncertainty.
The Bovespa has gained more than six-fold, in dollar terms, since President Luiz Inacio Lula da Silva took his post in January 2003. It's the seventh best performance among 90 primary stock indexes tracked by Bloomberg in the period.
Further gains hard to come by, said Brazilian central bank president Henrique Meirelles.
``Prolonged economic expansion in any country brings the risk of exaggeration, and we run the risk that the pricing of certain assets may be exaggerated,'' Meirelles told reporters today in Sao Paulo. ``The stock market is one of those assets and we need to always look at this with attention.''
The Bovespa index rose 71.47, or 0.1 percent, to 60,653.01 today. It's trading at about 14 times its estimated earnings for this year, compared with 18 times for the Hong Kong's Hang Seng Index. China's Shanghai B-Share Index trades at 68 times its estimated earnings.
microcap-market.com
An expected slowdown in the U.S. economy won't keep earnings at Brazilian companies from advancing 11 percent next year after an 18.5 percent increase this year, according to Pedro Bastos, the chief executive officer of HSBC Investments in Brazil, and Mario Sergio Felisberto, the chief investment strategist.
``The effect that the slowdown in the U.S. economy is generating in profits globally is marginal,'' said Felisberto, who helps manage about 53 billion reais ($30 billion), at a conference in Sao Paulo. ``Unless we have a strong deterioration in the market, and there's no sign of that right now, we will still see growing profits.''
The Bovespa has risen 37 percent since December and is poised for a fifth year of gains after record low interest rates and high commodity prices boosted shares of its biggest companies.
An expanding global economy should lift Petroleo Brasileiro SA, Brazil's state-controlled oil company, Bastos and Felisberto said. HSBC also favors miners such as Cia. Vale do Rio Doce, the world's biggest iron-ore producer. Vale is up 81 percent this year, making it the fourth best performer among the Bovespa's 63 members.
Mobile Phones, Utilities
Shares of mobile phone companies are less attractive because of growing competition in the industry, they said. Utility shares may be hurt by regulatory uncertainty.
The Bovespa has gained more than six-fold, in dollar terms, since President Luiz Inacio Lula da Silva took his post in January 2003. It's the seventh best performance among 90 primary stock indexes tracked by Bloomberg in the period.
Further gains hard to come by, said Brazilian central bank president Henrique Meirelles.
``Prolonged economic expansion in any country brings the risk of exaggeration, and we run the risk that the pricing of certain assets may be exaggerated,'' Meirelles told reporters today in Sao Paulo. ``The stock market is one of those assets and we need to always look at this with attention.''
The Bovespa index rose 71.47, or 0.1 percent, to 60,653.01 today. It's trading at about 14 times its estimated earnings for this year, compared with 18 times for the Hong Kong's Hang Seng Index. China's Shanghai B-Share Index trades at 68 times its estimated earnings.
microcap-market.com
среда, 21 ноября 2007 г.
Barclays, PayPoint, United Drug: U.K., Irish Equity Preview
The following is a list of companies whose shares may have unusual price changes in U.K. markets today. Stock symbols are in parentheses and prices are from the last market close.
The benchmark FTSE 100 Index increased 105.7, or 1.7 percent, to close at 6,226.5. The FTSE All-Share Index added 48.5, or 1.6 percent, to 3,184.41.
Ireland's ISEQ Index declined 116.5, or 1.7 percent, to close at 6,652.01.
U.K. Companies:
Barclays Plc (BARC LN): The U.K. bank that plans to double its branches in Italy next year will sell insurance products provided by Societa Cattolica di Assicurazioni Scrl through its Italian outlets. Barclays stock rose 25.3 pence, or 5.1 percent, to 516.5.
Daily Mail and General Trust (DMGT LN): The publisher of the U.K.'s Daily Mail is announcing earnings. Daily Mail stock climbed 9 pence, or 1.6 percent, to 577.
Northern Rock (NRK LN): Two bidders for Northern Rock Plc have promised to invest about 1 billion pounds ($2.07 billion) of new cash if they are successful in buying the bank, the Financial Times reported. Northern Rock stock lost 7.2 pence, or 6.9 percent, to 97.
PayPoint Plc (PAY LN): The U.K. payment collection network is announcing earnings. PayPoint stock dropped 0.5 pence, or 0.1 percent, to 568.5.
Tribal Group Plc (TRB LN): The U.K. provider of inspectors to schools is announcing earnings. Tribal Group stock fell 8 pence, or 5.8 percent, to 130.
Irish Companies:
United Drug Plc (UDG ID): Ireland's biggest drug wholesaler is announcing earnings. United Drug stock retreated 5 cents, or 1.5 percent, to 3.35 euros.
pennystock-club.com
The benchmark FTSE 100 Index increased 105.7, or 1.7 percent, to close at 6,226.5. The FTSE All-Share Index added 48.5, or 1.6 percent, to 3,184.41.
Ireland's ISEQ Index declined 116.5, or 1.7 percent, to close at 6,652.01.
U.K. Companies:
Barclays Plc (BARC LN): The U.K. bank that plans to double its branches in Italy next year will sell insurance products provided by Societa Cattolica di Assicurazioni Scrl through its Italian outlets. Barclays stock rose 25.3 pence, or 5.1 percent, to 516.5.
Daily Mail and General Trust (DMGT LN): The publisher of the U.K.'s Daily Mail is announcing earnings. Daily Mail stock climbed 9 pence, or 1.6 percent, to 577.
Northern Rock (NRK LN): Two bidders for Northern Rock Plc have promised to invest about 1 billion pounds ($2.07 billion) of new cash if they are successful in buying the bank, the Financial Times reported. Northern Rock stock lost 7.2 pence, or 6.9 percent, to 97.
PayPoint Plc (PAY LN): The U.K. payment collection network is announcing earnings. PayPoint stock dropped 0.5 pence, or 0.1 percent, to 568.5.
Tribal Group Plc (TRB LN): The U.K. provider of inspectors to schools is announcing earnings. Tribal Group stock fell 8 pence, or 5.8 percent, to 130.
Irish Companies:
United Drug Plc (UDG ID): Ireland's biggest drug wholesaler is announcing earnings. United Drug stock retreated 5 cents, or 1.5 percent, to 3.35 euros.
pennystock-club.com
Credit Suisse, Heineken, Royal Ahold: European Equity Preview
The following is a list of companies whose shares may have unusual price changes in Europe. Stock symbols are in parentheses after company names. Share prices are from the last close.
The Dow Jones Stoxx 600 added 1.1 percent to 358.65. The Dow Jones Stoxx 50 Index increased 1 percent to 3,627.96. The Euro Stoxx 50 Index, a benchmark for the nations using the euro, climbed 1.2 percent to 4,277.24.
Arcandor AG (ARO GY): The company's Thomas Cook AG unit plans to hold a presentation for analysts and investors to discuss its strategy. Arcandor shares added 24 cents, or 1.2 percent, to 20.29 euros.
Credit Suisse Group (CSGN VX): Switzerland's second-largest bank was added to Goldman Sachs Group Inc.'s ``conviction sell'' list because of its reliance on trading and capital markets to generate earnings. ``We continue to prefer banks with exposure to structural growth in emerging markets over banks with exposure to a potential cyclical recovery,'' London-based Goldman analysts wrote in a note to clients. The stock fell 1.1 francs, or 1.7 percent, to 64.4 francs.
Heineken NV (HEIA NA): The Dutch brewer, together with Carlsberg A/S, said in a statement that results at Scottish & Newcastle Plc.'s western European businesses were ``disappointing.'' The statement was released after trading hours.
Heineken has teamed up with Carlsberg of Denmark to buy the U.K.'s biggest brewer for 7.3 billion pounds ($15.1 billion), an offer Scottish & Newcastle has rejected as too low.
Heineken stock rose 23 cents, or 0.5 percent, to 44.50 euros.
Iberdrola SA (IBE SM): The world's largest owner of wind- power plants may raise as much as 5.9 billion euros in an initial public offering of its renewable energy unit, Iberdrola Renovables. Iberdrola aims to sell 20 percent of the unit for between 5.3 euros and 7 euros a share and the entire unit could be worth as much as 29.6 billion euros, the company said in a regulatory filing after market close.
pennystock-club.com
The Dow Jones Stoxx 600 added 1.1 percent to 358.65. The Dow Jones Stoxx 50 Index increased 1 percent to 3,627.96. The Euro Stoxx 50 Index, a benchmark for the nations using the euro, climbed 1.2 percent to 4,277.24.
Arcandor AG (ARO GY): The company's Thomas Cook AG unit plans to hold a presentation for analysts and investors to discuss its strategy. Arcandor shares added 24 cents, or 1.2 percent, to 20.29 euros.
Credit Suisse Group (CSGN VX): Switzerland's second-largest bank was added to Goldman Sachs Group Inc.'s ``conviction sell'' list because of its reliance on trading and capital markets to generate earnings. ``We continue to prefer banks with exposure to structural growth in emerging markets over banks with exposure to a potential cyclical recovery,'' London-based Goldman analysts wrote in a note to clients. The stock fell 1.1 francs, or 1.7 percent, to 64.4 francs.
Heineken NV (HEIA NA): The Dutch brewer, together with Carlsberg A/S, said in a statement that results at Scottish & Newcastle Plc.'s western European businesses were ``disappointing.'' The statement was released after trading hours.
Heineken has teamed up with Carlsberg of Denmark to buy the U.K.'s biggest brewer for 7.3 billion pounds ($15.1 billion), an offer Scottish & Newcastle has rejected as too low.
Heineken stock rose 23 cents, or 0.5 percent, to 44.50 euros.
Iberdrola SA (IBE SM): The world's largest owner of wind- power plants may raise as much as 5.9 billion euros in an initial public offering of its renewable energy unit, Iberdrola Renovables. Iberdrola aims to sell 20 percent of the unit for between 5.3 euros and 7 euros a share and the entire unit could be worth as much as 29.6 billion euros, the company said in a regulatory filing after market close.
pennystock-club.com
понедельник, 19 ноября 2007 г.
Global Stocks, U.S. Futures Drop; UBS, Swiss Re, BHP Retreat
Stocks fell in Europe and Asia, led by banks, exporters and mining companies, on concern slowing economic growth in the U.S. and China will curb profit. U.S. index futures retreated.
UBS AG and Swiss Reinsurance Co. paced declines by banks and insurers in Europe. Industrial and Commercial Bank of China Ltd. decreased after Chinese regulators told banks to cool lending, while Mitsubishi Corp. led a retreat by trading companies. BHP Billiton Ltd., the world's largest mining company, and Newmont Mining Corp. of the U.S. followed metal prices lower in European trading.
The Morgan Stanley Capital International World Index lost 0.2 percent to 1,578.75 as of 10:57 a.m. in London. Futures on the Standard & Poor's 500 Index slipped 0.4 percent to 1454.9.
``More clarification on the macroeconomic scenario is needed to be positive again on equities,'' said Emanuele Vizzini, who oversees the equivalent of about $1.4 billion at Investitori Sgr in Milan. ``Data point more and more to a slowdown. We need to be cautious going forward.''
The yen climbed against all 16 of the world's most-active currencies as a deepening U.S. property slump prompted investors to cut purchases of higher-yielding assets. The gap in yields between two- and 10-year government bonds widened to the most in six weeks on speculation the European Central Bank won't raise interest rates.
Europe, Asia
Europe's Dow Jones Stoxx 600 Index lost 0.4 percent to 361.19. Germany's DAX fell 0.3 percent, and the U.K.'s FTSE 100 decreased 0.5 percent. France's CAC 40 was little changed.
The MSCI Asia Pacific Index dropped 0.5 percent to 157.60. Japan's Nikkei 225 Stock Average slid 0.7 percent, and Hong Kong's Hang Seng Index sank 0.6 percent.
UBS, Europe's largest bank by assets, dropped 3 percent to 51.35 Swiss francs. Dresdner Kleinwort Securities Ltd. downgraded the stock to ``hold'' from ``buy,'' citing potential subprime writedowns of 11 billion Swiss francs ($9.84 billion).
worldtradeinvest.com
UBS AG and Swiss Reinsurance Co. paced declines by banks and insurers in Europe. Industrial and Commercial Bank of China Ltd. decreased after Chinese regulators told banks to cool lending, while Mitsubishi Corp. led a retreat by trading companies. BHP Billiton Ltd., the world's largest mining company, and Newmont Mining Corp. of the U.S. followed metal prices lower in European trading.
The Morgan Stanley Capital International World Index lost 0.2 percent to 1,578.75 as of 10:57 a.m. in London. Futures on the Standard & Poor's 500 Index slipped 0.4 percent to 1454.9.
``More clarification on the macroeconomic scenario is needed to be positive again on equities,'' said Emanuele Vizzini, who oversees the equivalent of about $1.4 billion at Investitori Sgr in Milan. ``Data point more and more to a slowdown. We need to be cautious going forward.''
The yen climbed against all 16 of the world's most-active currencies as a deepening U.S. property slump prompted investors to cut purchases of higher-yielding assets. The gap in yields between two- and 10-year government bonds widened to the most in six weeks on speculation the European Central Bank won't raise interest rates.
Europe, Asia
Europe's Dow Jones Stoxx 600 Index lost 0.4 percent to 361.19. Germany's DAX fell 0.3 percent, and the U.K.'s FTSE 100 decreased 0.5 percent. France's CAC 40 was little changed.
The MSCI Asia Pacific Index dropped 0.5 percent to 157.60. Japan's Nikkei 225 Stock Average slid 0.7 percent, and Hong Kong's Hang Seng Index sank 0.6 percent.
UBS, Europe's largest bank by assets, dropped 3 percent to 51.35 Swiss francs. Dresdner Kleinwort Securities Ltd. downgraded the stock to ``hold'' from ``buy,'' citing potential subprime writedowns of 11 billion Swiss francs ($9.84 billion).
worldtradeinvest.com
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