(Reuters) - The euro and euro zone bonds shrugged off first-round results of a weekend French presidential election, in which conservative Nicolas Sarkozy and socialist Segolene Royal advanced to the run-off vote on May 6.
Oil prices held near Friday's high, while gold traded near an 11-month high just below a key level of $700 an ounce.
Read more at Reuters.com Economic News
Monday, April 23, 2007
Copper Falls in London After Four-Day Grasberg Strike Ends; Tin Advances
(Bloomberg) -- Copper dropped in London after a four-day protest at Indonesia's Grasberg, the world's second- largest copper mine, ended over the weekend. Tin gained.
Copper surpassed the $8,000-a-metric-ton mark last week for the first time in seven months on speculation a labor dispute at the Freeport McMoRan Copper & Gold Inc. mine, which contributed 3.6 percent to world supplies last year, would have cut supplies. The workers and the management settled the dispute on April 21.
Read more at Bloomberg Commodities News
Copper surpassed the $8,000-a-metric-ton mark last week for the first time in seven months on speculation a labor dispute at the Freeport McMoRan Copper & Gold Inc. mine, which contributed 3.6 percent to world supplies last year, would have cut supplies. The workers and the management settled the dispute on April 21.
Read more at Bloomberg Commodities News
Storebrand, Bankas Snoras, Portugal Plan to Sell Debt: European Bond Alert
(Bloomberg) -- The following is a list of bond sales denominated in euros or pounds and expected in the coming days and weeks.
Investment-Grade Sales
Read more at Bloomberg Bonds News
Investment-Grade Sales
Read more at Bloomberg Bonds News
European stocks open higher; M&A, earnings dominate
(Reuters) - Barclays rose 0.5 percent and ABN 2.4 percent after their long-awaited announcement, but drugmaker AstraZeneca slipped 1.7 percent after unveiling a $15.2-billion acquisition of biotech group MedImmune.
In other M&A-related action, Scottish & Newcastle rose 2.5 percent on a report that Diageo and SABMiller had discussed breaking the British brewer up, and Societe Generale fell 2.8 percent after denying speculation of merger talks with UniCredit .
Read more at Reuters.com Hot Stocks News
In other M&A-related action, Scottish & Newcastle rose 2.5 percent on a report that Diageo and SABMiller had discussed breaking the British brewer up, and Societe Generale fell 2.8 percent after denying speculation of merger talks with UniCredit .
Read more at Reuters.com Hot Stocks News
European Stocks Pare Advance as AstraZeneca and Societe Generale Retreat
(Bloomberg) -- European stocks pared gains as AstraZeneca Plc and Societe Generale SA declined.
The Dow Jones Stoxx 600 Index was little changed at 389.21 at 8:40 a.m. in London after earlier rising as much as 0.2 percent. The Stoxx 50 was also little changed and the Euro Stoxx 50, a measure for the 13 nations sharing the euro, dropped 0.2 percent.
Read more at Bloomberg Stocks News
The Dow Jones Stoxx 600 Index was little changed at 389.21 at 8:40 a.m. in London after earlier rising as much as 0.2 percent. The Stoxx 50 was also little changed and the Euro Stoxx 50, a measure for the 13 nations sharing the euro, dropped 0.2 percent.
Read more at Bloomberg Stocks News
French Stocks Gain, Led by Schneider, Danone; Societe Generale Declines
(Bloomberg) -- French stocks gained, paced by Schneider Electric SA, Gaz de France SA and Groupe Danone.
Societe Generale SA slid.
Read more at Bloomberg Stocks News
Societe Generale SA slid.
Read more at Bloomberg Stocks News
European Corporate Bond Risk Declines, Credit-Default Swap Prices Show
(Bloomberg) -- The risk of owning European corporate bonds fell, according to traders of credit-default swaps.
Contracts based on 10 million euros ($13 million) of debt included in the iTraxx Crossover Series 7 Index of 50 European companies, fell 2,500 euros to 193,000 euros at 8:04 a.m. in London, according to JPMorgan Chase & Co.
Read more at Bloomberg Bonds News
Contracts based on 10 million euros ($13 million) of debt included in the iTraxx Crossover Series 7 Index of 50 European companies, fell 2,500 euros to 193,000 euros at 8:04 a.m. in London, according to JPMorgan Chase & Co.
Read more at Bloomberg Bonds News
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