Advertise On EU-Digest

Annual Advertising Rates

10/15/06

Gulf Times – Buoyant Europe markets set eyes on corporate results

For the complete report in the Gulf Times click on this link

Buoyant Europe markets set eyes on corporate results

European shares, at five-year highs, will focus on a flood of results next week to see if markets can extend their winning streak, while US and UK inflation data will also be closely watched.
Mergers and acquisitions are also a hot area for markets, with Volkswagen’s supervisory board, the largest shareholder in both Scania and MAN, set to meet today to discuss a potential merger between the two truckmakers. Equity markets globally, including those in the US, Switzerland and Singapore, hit record highs this week, while some other markets struck multi-year highs, fuelled by a cocktail of strong earnings and economic growth.

Europe’s top consumer electronics maker Philips, reports third-quarter results tomorrow, followed by Dutch chip equipment maker ASML on Wednesday. The week’s earnings releases peak on Thursday, with numbers due from heavyweights Nokia, Ericsson and SAP.

No comments: