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Europe markets
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maxsyn
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21-Nov-2006 16:41
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Nov. 21 (Bloomberg) -- European stocks advanced for a second day. Groupe Danone rose after Goldman, Sachs & Co. advised investors to buy shares in France's biggest food maker, citing the outlook for earnings growth. ICAP Plc, the world's largest broker of transactions between banks, gained after reporting increased first-half sales. ``I don't see many problems around companies in Europe,'' said Morten Borg, a fund manager at Jyske Invest in Silkeborg, Denmark. ``They have great earnings momentum and we don't see any reason why the rally should stop.'' His company manages $4 billion in equities. The Dow Jones Stoxx 600 Index added 0.2 percent to 360.10 as of 8:26 a.m. in London, approaching the highest since January 2001. The Stoxx 50 increased 0.1 percent and the Euro Stoxx 50, a measure for the 12 nations sharing the euro, rose 0.2 percent. Danone jumped 2.5 percent to 119.7 euros. The shares were raised to ``buy'' from ``neutral'' at Goldman, which said that 2006 ``is turning out to be an outstanding year for the company and we forecast that growth momentum will continue.'' ICAP added 1.4 percent to 493.5 pence. Revenue in the six months ended Sept. 30 rose 22 percent to 542.8 million pounds ($1.03 billion), the London-based company said. |
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maxsyn
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21-Nov-2006 16:23
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Now above water, STI will move up some more...? Let's see... |
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maxsyn
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21-Nov-2006 16:04
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European markets open below water.... |
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