(Bloomberg) -- Japanese shares rose, led by Canon Inc. and Honda Motor Co., after the yen fell to a record low against the euro, boosting the value of exports to Europe.
``Automaker and technology stocks will benefit from the view that the trend of a weaker yen won't change for at least another year,'' said Masanaga Kono, who helps manage about $14 billion at Societe Generale Asset Management (Japan) Co. in Tokyo. ``I changed my stance on technology stocks to neutral from bearish on the expectation their earnings may improve this business year.''
Read more at Bloomberg Stocks News
Sunday, April 15, 2007
ABN Amro, Agfa-Gevaert, Axa, H&M, InBev, Philips: European Equity Preview
(Bloomberg) -- The following stocks may rise or fall in European markets. Prices are from the last close.
The Dow Jones Stoxx 600 increased 0.7 percent to 383.33. The Dow Jones Stoxx 50 Index climbed 0.9 percent to 3811.62. The Euro Stoxx 50 Index, a benchmark for the 13 nations using the euro, climbed 0.9 percent to 4317.35.
Read more at Bloomberg Stocks News
The Dow Jones Stoxx 600 increased 0.7 percent to 383.33. The Dow Jones Stoxx 50 Index climbed 0.9 percent to 3811.62. The Euro Stoxx 50 Index, a benchmark for the 13 nations using the euro, climbed 0.9 percent to 4317.35.
Read more at Bloomberg Stocks News
U.S. Stocks Gain, Erasing Losses From Rout, on Profit Optimism, Takeovers
(Bloomberg) -- U.S. stocks advanced, erasing losses from a February sell-off in the Standard & Poor's 500 Index, after profits exceeded analysts' forecasts and investors speculated takeovers will accelerate.
Alcoa Inc., the first Dow Jones Industrial Average member to report first-quarter results, climbed after earnings increased more than expected. MedImmune Inc. and Manor Care Inc. rose the most in the S&P 500, helping the index to its first back-to-back weekly gains since January, after saying they may sell themselves.
Read more at Bloomberg Stocks News
Alcoa Inc., the first Dow Jones Industrial Average member to report first-quarter results, climbed after earnings increased more than expected. MedImmune Inc. and Manor Care Inc. rose the most in the S&P 500, helping the index to its first back-to-back weekly gains since January, after saying they may sell themselves.
Read more at Bloomberg Stocks News
Saturday, April 14, 2007
Canadian Dollar Strengthens for a Fourth Week on Economy, Commodity Prices
(Bloomberg) -- Canada's dollar rose for a fourth straight week, its longest rally in more than a year, on speculation higher commodity prices will support the nation's economy and fuel demand for the currency.
The currency reached a four-month high this week as firms including Goldman, Sachs & Co. predicted further gains, following a surge in the prices of Canada's main commodity exports, and after a report showed job growth is accelerating.
Read more at Bloomberg Currencies News
The currency reached a four-month high this week as firms including Goldman, Sachs & Co. predicted further gains, following a surge in the prices of Canada's main commodity exports, and after a report showed job growth is accelerating.
Read more at Bloomberg Currencies News
Brazil, US manufacturers want world trade deal
(Reuters) - Industrialists from Brazil and the United States agreed on Friday to work together to bring down barriers imposed by their governments that have thwarted a long-sought world trade deal.
Leaders of two powerful lobby groups, the U.S. National Association of Manufacturers (NAM) and the Federation of Industries of Sao Paulo State (FIESP), said they were committed to helping achieve a fair and balanced free trade agreement under the auspices of the World Trade Organization.
Read more at Reuters Africa
Leaders of two powerful lobby groups, the U.S. National Association of Manufacturers (NAM) and the Federation of Industries of Sao Paulo State (FIESP), said they were committed to helping achieve a fair and balanced free trade agreement under the auspices of the World Trade Organization.
Read more at Reuters Africa
G7 mulls better use of oil money, China reserves
(Reuters) - Saudi Arabia, United Arab Emirates, China, and Russia discussed with G7 nations how surpluses derived from oil sales should be invested and Beijing's plans to more actively manage its foreign reserves, a senior Japanese finance ministry official said late on Friday.
After the official meeting, the G7 -- Britain, Canada, France, Germany, Italy and Japan and the United States -- held a dinner session with some non-G7 nations, often dubbed as a G7 "outreach" meeting.
Read more at Reuters Africa
After the official meeting, the G7 -- Britain, Canada, France, Germany, Italy and Japan and the United States -- held a dinner session with some non-G7 nations, often dubbed as a G7 "outreach" meeting.
Read more at Reuters Africa
South African Rand Declines for a Second Week; Worst Performing Currency
(Bloomberg) -- The South African rand had its biggest weekly drop in four as the central bank left interest rates unchanged.
The rand was the worst-performing currency this week of 71 tracked by Bloomberg, dropping almost 1 percent, after the South African Reserve Bank kept its benchmark rate at 9 percent for a second consecutive meeting yesterday. Higher rates would have improved the appeal of rand-denominated assets to foreigners.
Read more at Bloomberg Currencies News
The rand was the worst-performing currency this week of 71 tracked by Bloomberg, dropping almost 1 percent, after the South African Reserve Bank kept its benchmark rate at 9 percent for a second consecutive meeting yesterday. Higher rates would have improved the appeal of rand-denominated assets to foreigners.
Read more at Bloomberg Currencies News
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