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Europe: Hopes for spending invigorate bourses

Europe: Hopes for spending invigorate bourses European stocks rose Thursday after profit at Ericssons mobile phone venture tripled in the first quarter and Carrefours sales increased, reviving confidence that consumer spending would underpin earnings growth. Growth seems to be picking up, said Dirk Thiels, head of equity funds at KBC Asset Management in Brussels. We are somewhat more optimistic on European shares. The Dow Jones Stoxx 600 index added 1.28 points to 334.36. The Stoxx 50 gained 12.69 to 3,518.66 and the Euro Stoxx 50, an index for the 12 countries using the euro, rose 3 points to

U.S. Stock-Index Futures Decline; Oracle, Exxon Fall in Europe

U.S. Stock-Index Futures Decline; Oracle, Exxon Fall in Europe U.S. stock-index futures fell as a speech by Federal Reserve Chairman Ben S. Bernanke stirred speculation that interest rates will keep rising this year. Oracle Corp., the world's third-largest software maker, fell in Europe after its earnings disappointed some analysts. Exxon Mobil Corp. and Chevron Corp. dropped with oil prices. Standard & Poor's 500 Index futures expiring in June slipped 1.2 to 1314.2 at 10.47 a.m. in London. Dow Jones Industrial Average futures decreased 17 to 11,350. Nasdaq-100 Index futures fell 2.5 to 1703. Indexes had closed near five-year highs yesterday

Bird flu fears grip Europe

Bird flu fears grip Europe BRUSSELS With European poultry markets under grave pressure following the spread of bird flu across the Continent, European Union officials Monday sought to reassure consumers that eating poultry and eggs was still safe. "It is not the time for panic," said the Austrian agriculture minister, Josef Pröll, who was chairman of a meeting of EU farm ministers in Brussels. At the meeting, governments led by Italy reported a big drop in sales of poultry: in the case of Italy by up to 70 percent below normal levels. There were also reports of large declines in

Europe Roundup: Shares fall

Europe Roundup: Shares fall European stocks fell, dragged lower by telecommunications companies on concern about slowing earnings growth in the industry. Deutsche Telekom AG, which yesterday cut a profit forecast, and Vodafone Group plc dropped. The Dow Jones Stoxx 600 Index fell 0.2 per cent to 323.48 at 3.13 pm in London. The Stoxx 50 and the Euro Stoxx 50 measure for the 12 nations sharing the euro both lost 0.3 per cent. National indices fell in 11 of 18 western European markets. The UKs FTSE 100 Index dropped 0.3 per cent while Germanys DAX Index declined 0.2 per cent. - Bloomberg Source :

Around the Markets: Auto stocks in Europe need a map

Around the Markets: Auto stocks in Europe need a map Volkswagen's chief executive, Bernd Pischetsrieder, has said that 2005 was a "long ways from a good year." His counterpart at Renault, Carlos Ghosn, has predicted that profit in 2006 will fall as models age. Neither view is evident in the companies' share prices. The stocks have rallied this year on investors' belief that European carmakers will increase their profit by cutting costs. Volkswagen, for instance, plans to eliminate as many as 20,000 jobs in Germany. Shares are also rising on the view that a string of new sedans and hatchbacks