Thursday, May 3, 2007

European Stocks Rebound After U.S. Worker Productivity, Labor Cost Report

(Bloomberg) -- European stocks advanced after a report showed U.S. worker productivity rose as labor costs eased, and Royal Dutch Shell Plc and Unilever reported earnings that beat analysts' estimates.

``Today's data was a good mix indicating sustained growth and low inflation risk,'' said Carsten Klude, who helps manage $20 billion as head of investment strategy at M.M. Warburg & Co. in Hamburg. ``Positive earnings surprises are the groundwork for further share price gains.''


Read more at Bloomberg Stocks News

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