Thursday, April 12, 2007

Infosys profit beats estimates, forecast muted

(Reuters) - The company said per share earnings, before exceptionals, for the current fiscal year were expected to grow by 20-22 percent to between 80.29 and 81.58 rupees, which traders said was muted by its standards.

That compared to a 53.5 percent surge in per share earnings before exceptionals to 69.11 rupees for the fiscal year that ended on March 31.


Read more at Reuters.com Business News

Alfa, Gruma, Embraer and Perdigao: Latin American Stock Preview

(Bloomberg) -- The following stocks may make significant gains or losses in Brazil, Chile and Mexico today. Symbols are in parentheses after the company name, and stock prices are from the last session. In Brazil, preferred shares are the most commonly traded class of stock.

Brazil


Read more at Bloomberg Stocks News

Oil hovers above $64 on US gasoline supply worry

(Reuters) - Oil topped $64 on Friday, extending a 3 percent gain a day earlier, as traders fret over a spate of refinery outages in the United States that drained gasoline stocks ahead of the summer driving season.

The market was also supported by a caution by the International Energy Agency (IEA) that oil stocks in industrialised nations may drop further in coming months, after recording the biggest first-quarter decline in a decade.


Read more at Reuters Africa

Japan's Five-Year Government Notes Head for Weekly Advance on Equity Slump

(Bloomberg) -- Japan's five-year notes headed for a weekly gain after a slide in stocks revived speculation that demand will increase for the relative safety of government debt.

The notes were set to halt a three-week drop, the longest slump since January, after a report this week showing a decline in February machinery orders highlighted manufacturers' concerns that export growth may slow this year. Five-year debt also advanced after an auction of the securities yesterday drew the second- highest demand in the past year.


Read more at Bloomberg Bonds News

Dan-Ejendomme, Haldex, Sampo May Move: Nordic Stock-Market Preview

(Bloomberg) -- The following stocks may rise or fall in Nordic markets. Stock symbols follow company names and prices are from the last close.

The Dow Jones Nordic 30 Index lost 6.99, or 0.1 percent, to 8678.06, even as 14 of its members advanced and 13 fell.


Read more at Bloomberg Stocks News

BMW, Fraport, Puma, Siemens, Thielert May Move: German Equity Preview

(Bloomberg) -- The following stocks may rise or fall in German markets.

Germany's X-DAX Index advanced 0.5 percent to 7179.89. The index provides an estimate of the DAX Index, based on trading in DAX futures after the Xetra electronic market closes. The DAX fell 0.1 percent to 7142.95 on the Xetra electronic-trading system.


Read more at Bloomberg Stocks News

ISoft Group, Xstrata, SMG, Sainsbury, Vodafone: U.K., Irish Equity Preview

(Bloomberg) -- The following stocks may rise or fall in U.K. and Irish markets today. Stock symbols are in parentheses and prices are from yesterday's market close.

The benchmark FTSE 100 Index rose 3.10, or 0.1 percent, to close at 6416.40 in London as 33 stocks rose, 65 fell and four were unchanged. The FTSE All-Share Index declined 1.22, or 0.04 percent, to 3339.37.


Read more at Bloomberg Stocks News

Euro's `Bull Run' to Extend to $1.3665-$1.3705, Goldman's Edgeley Predicts

(Bloomberg) -- The euro's ``bull run'' is likely to extend to so-called resistance at the $1.3665-$1.3705 area, said Kevin Edgeley, a technical analyst at Goldman Sachs Group Inc., citing charts that predict price movements.

``We see the euro-dollar bull run extending toward major resistance at the December '04 high at $1.3665 and the $1.3705 December '95 high,'' London-based Edgeley wrote in a research note dated yesterday. ``Daily, weekly and monthly stochastic indicators are all pointing higher, reinforcing the trend,'' he said. Resistance is a level where sell orders may be clustered.


Read more at Bloomberg Bonds News