Stocks 1/2/2007
Stocks 1/2/2007
U.S.
Global Stock Markets Rally on First Trading Day of 2007; U.S. Is Closed Stock markets worldwide rallied on the first trading day of 2007 on speculation that profit growth and takeovers will boost global equities for a fifth year.
Canadian Stocks Rise, Led by Goldcorp, Oil Companies; Harris Steel Gains Canadian stocks gained and headed for their second-highest close, as rising gold prices and Nucor Corp.'s acquisition of Harris Steel Group Inc. boosted shares of materials producers.
Lehman Advises Raising Stakes in U.S. Stocks, Reducing Holdings in Europe Investors should increase their holdings of U.S. equities amid prospects for slowing economic and profit growth worldwide this year, according to Lehman Brothers Holdings Inc.
Emerging Markets to Lead Stocks, Boosted by Consumer Shares, Mobius Says Emerging-market stocks may lead global equity returns for a sixth straight year because consumers from China to Brazil are becoming wealthy enough to propel economic growth even as demand for their exports slows.
Bill Miller's 15-Year Mutual Fund Streak of Outperforming S&P 500 Is Over Bill Miller ended his 15-year streak of beating the Standard & Poor's 500 Index with the worst performance among his fund-management peers.
Europe
European Stocks Rise to Six-Year High; BNP Paribas, BHP, Daimler Pace Gain European stocks climbed to the highest since December 2000 on speculation earnings will grow for a fifth consecutive year. BNP Paribas SA and Commerzbank AG paced the advance by financial companies.
German Benchmark Index Advances, Led by Metro, ThyssenKrupp and RWE German stocks rose on the first day of trading in 2007, led by Metro AG, ThyssenKrupp AG and RWE AG, on speculation that mergers and acquisitions will drive equities higher.
Media, Travel Stocks Are Likely to Benefit From More M&A, Citigroup Says European media, travel and leisure stocks are likely to rise this year on increased mergers and acquisitions, according to Citigroup Inc.
Austrian Stock Index Climbs to Record, Led by Banks: World's Biggest Mover Austrian stocks rose to a record, leading gains in central Europe. Erste Bank AG and Raiffeisen International Bank Holding AG paced the advance as investors bet the lenders will boost earnings in 2007.
Asia
Benq, Hyundai Heavy, Landmarks, Tata Motors: Asia Ex-Japan Equity Preview The following stocks may rise or fall in Asian markets, excluding Japan. This preview includes news that broke after markets closed. Prices are from the local market's last close. Stock symbols are in parentheses after company names.
Australia's Stock Index Rises to Record; BHP Billiton, Gold Miners Climb Australia's stock index advanced to a record close on the first trading day of the year. BHP Billiton and Newcrest Mining Ltd. gained after the price of gold rose.
Hong Kong's Hang Seng Index Climbs to a Record; China Mobile Leads Gains Hong Kong stocks climbed to a record. China Mobile Ltd. and PICC Property & Casualty Co. jumped on speculation they will be the next companies to sell shares on the mainland at a premium to their Hong Kong-listed shares.
Shanghai Initial Public Offering Fundraising May Beat Hong Kong, PwC Says Shanghai's bourse may attract $26 billion in fundraising this year, overtaking Hong Kong, as more of the nation's largest companies sell shares domestically, PricewaterhouseCoopers LLP said in a report.
U.S.
Global Stock Markets Rally on First Trading Day of 2007; U.S. Is Closed Stock markets worldwide rallied on the first trading day of 2007 on speculation that profit growth and takeovers will boost global equities for a fifth year.
Canadian Stocks Rise, Led by Goldcorp, Oil Companies; Harris Steel Gains Canadian stocks gained and headed for their second-highest close, as rising gold prices and Nucor Corp.'s acquisition of Harris Steel Group Inc. boosted shares of materials producers.
Lehman Advises Raising Stakes in U.S. Stocks, Reducing Holdings in Europe Investors should increase their holdings of U.S. equities amid prospects for slowing economic and profit growth worldwide this year, according to Lehman Brothers Holdings Inc.
Emerging Markets to Lead Stocks, Boosted by Consumer Shares, Mobius Says Emerging-market stocks may lead global equity returns for a sixth straight year because consumers from China to Brazil are becoming wealthy enough to propel economic growth even as demand for their exports slows.
Bill Miller's 15-Year Mutual Fund Streak of Outperforming S&P 500 Is Over Bill Miller ended his 15-year streak of beating the Standard & Poor's 500 Index with the worst performance among his fund-management peers.
Europe
European Stocks Rise to Six-Year High; BNP Paribas, BHP, Daimler Pace Gain European stocks climbed to the highest since December 2000 on speculation earnings will grow for a fifth consecutive year. BNP Paribas SA and Commerzbank AG paced the advance by financial companies.
German Benchmark Index Advances, Led by Metro, ThyssenKrupp and RWE German stocks rose on the first day of trading in 2007, led by Metro AG, ThyssenKrupp AG and RWE AG, on speculation that mergers and acquisitions will drive equities higher.
Media, Travel Stocks Are Likely to Benefit From More M&A, Citigroup Says European media, travel and leisure stocks are likely to rise this year on increased mergers and acquisitions, according to Citigroup Inc.
Austrian Stock Index Climbs to Record, Led by Banks: World's Biggest Mover Austrian stocks rose to a record, leading gains in central Europe. Erste Bank AG and Raiffeisen International Bank Holding AG paced the advance as investors bet the lenders will boost earnings in 2007.
Asia
Benq, Hyundai Heavy, Landmarks, Tata Motors: Asia Ex-Japan Equity Preview The following stocks may rise or fall in Asian markets, excluding Japan. This preview includes news that broke after markets closed. Prices are from the local market's last close. Stock symbols are in parentheses after company names.
Australia's Stock Index Rises to Record; BHP Billiton, Gold Miners Climb Australia's stock index advanced to a record close on the first trading day of the year. BHP Billiton and Newcrest Mining Ltd. gained after the price of gold rose.
Hong Kong's Hang Seng Index Climbs to a Record; China Mobile Leads Gains Hong Kong stocks climbed to a record. China Mobile Ltd. and PICC Property & Casualty Co. jumped on speculation they will be the next companies to sell shares on the mainland at a premium to their Hong Kong-listed shares.
Shanghai Initial Public Offering Fundraising May Beat Hong Kong, PwC Says Shanghai's bourse may attract $26 billion in fundraising this year, overtaking Hong Kong, as more of the nation's largest companies sell shares domestically, PricewaterhouseCoopers LLP said in a report.
posted by alexsakne at 12:44 PM
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