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Glance-European Factors -- Shares set to rise after US surge
Tue, 10th Nov 2009 07:05
LONDON, Nov 10 (Reuters) - European shares were expected to rise for a fifth
straight day on Tuesday, after Wall Street surged to 13-month highs following
the Group of 20 nations' aid pledge that increased investors' appetite for risk.
Financial spreadbetters expected Britain's FTSE 100 to open up to 37
points higher, or as much as 0.7 percent, Germany's DAX to open up to
29 points higher, or as much as 0.5 percent and France's CAC to open up
to 14 points higher, or as much as 0.4 percent.
On Monday, the FTSEurofirst 300 index of leading European shares
rose 2 percent to 1,012.23 points, its highest close in more than two weeks.
The European benchmark is up 56.8 percent from its lifetime low of March 9,
as investors have become more confident on the prospects for economic recovery.
Wall Street hit 13-month highs on Monday after the Group of 20 pledged to
keep aid flowing to the world economy, strengthening investors' desire for risk.
The agreement by G20 finance ministers and central bankers over the weekend
to keep stimulus in place boosted global stocks on the expectation of prolonged
low interest rates.
In a busy day on the corporate front, Vodafone is among companies
reporting earnings before the market opens. HSBC will update investors
during the session.
----------------------MARKET SNAPSHOT AT 0637 GMT----------------------
LAST PCT CHG NET CHG
S&P 500 1,093.08 2.22 % 23.78
NIKKEI 9,870.73 0.63 % 61.74
MSCI ASIA EX-JP 469.09 0.63 % 2.92
EUR/USD 1.4978 -0.11 % -0.0017
USD/JPY 89.82 -0.16 % -0.1400
10-YR US TSY YLD 3.482 -- 0.00
10-YR BUND YLD 3.328 -- 0.01
SPOT GOLD $1,097.85 -0.54 % -$6.00
US CRUDE $78.98 -0.57 % -0.45
-----------------------------------------------------------------------
* US STOCKS-Dow hits 2009 high rally on bigger risk appetite
* RPT-TREASURIES-Prices steady to higher
* Dollar near 15-mth lows, high-yielders hold gains
* Nikkei gains as techs, banks, trading houses rise
* PRECIOUS-Gold eases off record high as dlr fall pauses
* REFILE-Oil below $79 as storm fears abate, stocks seen up
* GLOBAL MARKETS-Asia stocks, currencies up on risk appetite
* METALS-Copper
steady on dlr, high stocks weigh on prices
COMPANY ITEMS
SODEXO
French catering services company Sodexo said it was on track to
meet medium-term objectives after reporting fiscal 2009 results in line with its
guidance, though it said the economic crisis would stall sales growth in 2010.
SONOVA
Swiss hearing aid maker Sonova reported a first-half net profit
that beat analyst expectations as recently launched products boosted organic
sales growth to 17.5 percent.
JULIUS BAER#
Swiss private bank Julius Baer said it continued to record healthy
inflows across all regions but that net new money had been coming into the
company at a slower pace due to a tax clampdown.
ROCHE
Swiss drugmaker Roche Holding AG reported positive results from a
phase II study for its RG1678 schizophrenia drug.
ADIDAS
Adidas got a step closer to reaching its mid-term debt-level
target by the end of the year as all of the bondholders of its 400 million euro
($599 million) convertible bond decided to swap their debt for shares.
(Reporting by Brian Gorman)
Keywords: MARKETS EUROPE FACTORS
(brian.gorman@thomsonreuters.com; +44 20 7542 9128; Reuters Messaging: brian.gorman.thomsonreuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
straight day on Tuesday, after Wall Street surged to 13-month highs following
the Group of 20 nations' aid pledge that increased investors' appetite for risk.
Financial spreadbetters expected Britain's FTSE 100 to open up to 37
points higher, or as much as 0.7 percent, Germany's DAX to open up to
29 points higher, or as much as 0.5 percent and France's CAC to open up
to 14 points higher, or as much as 0.4 percent.
On Monday, the FTSEurofirst 300 index of leading European shares
rose 2 percent to 1,012.23 points, its highest close in more than two weeks.
The European benchmark is up 56.8 percent from its lifetime low of March 9,
as investors have become more confident on the prospects for economic recovery.
Wall Street hit 13-month highs on Monday after the Group of 20 pledged to
keep aid flowing to the world economy, strengthening investors' desire for risk.
The agreement by G20 finance ministers and central bankers over the weekend
to keep stimulus in place boosted global stocks on the expectation of prolonged
low interest rates.
In a busy day on the corporate front, Vodafone is among companies
reporting earnings before the market opens. HSBC will update investors
during the session.
----------------------MARKET SNAPSHOT AT 0637 GMT----------------------
LAST PCT CHG NET CHG
S&P 500 1,093.08 2.22 % 23.78
NIKKEI 9,870.73 0.63 % 61.74
MSCI ASIA EX-JP 469.09 0.63 % 2.92
EUR/USD 1.4978 -0.11 % -0.0017
USD/JPY 89.82 -0.16 % -0.1400
10-YR US TSY YLD 3.482 -- 0.00
10-YR BUND YLD 3.328 -- 0.01
SPOT GOLD $1,097.85 -0.54 % -$6.00
US CRUDE $78.98 -0.57 % -0.45
-----------------------------------------------------------------------
* US STOCKS-Dow hits 2009 high rally on bigger risk appetite
* RPT-TREASURIES-Prices steady to higher
* Dollar near 15-mth lows, high-yielders hold gains
* Nikkei gains as techs, banks, trading houses rise
* PRECIOUS-Gold eases off record high as dlr fall pauses
* REFILE-Oil below $79 as storm fears abate, stocks seen up
* GLOBAL MARKETS-Asia stocks, currencies up on risk appetite
* METALS-Copper
COMPANY ITEMS
SODEXO
French catering services company Sodexo said it was on track to
meet medium-term objectives after reporting fiscal 2009 results in line with its
guidance, though it said the economic crisis would stall sales growth in 2010.
SONOVA
Swiss hearing aid maker Sonova reported a first-half net profit
that beat analyst expectations as recently launched products boosted organic
sales growth to 17.5 percent.
JULIUS BAER#
Swiss private bank Julius Baer said it continued to record healthy
inflows across all regions but that net new money had been coming into the
company at a slower pace due to a tax clampdown.
ROCHE
Swiss drugmaker Roche Holding AG reported positive results from a
phase II study for its RG1678 schizophrenia drug.
ADIDAS
Adidas got a step closer to reaching its mid-term debt-level
target by the end of the year as all of the bondholders of its 400 million euro
($599 million) convertible bond decided to swap their debt for shares.
(Reporting by Brian Gorman)
Keywords: MARKETS EUROPE FACTORS
(brian.gorman@thomsonreuters.com; +44 20 7542 9128; Reuters Messaging: brian.gorman.thomsonreuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
