Archive for March, 2007
*IRAN MAY RELEASE FEMALE U.K. SAILOR TODAY, AP REPORTS
Wednesday, March 28th, 2007*MAERSK FY NET INCOME DK15.6 BLN; ANALYSTS ESTIMATE DK15.9 B
Wednesday, March 28th, 2007** MORNING WRAP **
Wednesday, March 28th, 2007** US MARKETS **
Dow -0,58%; Nasdaq -0,74%; S&P -0,62%; Soxx -0,67%; Russel2k -0,81%; DJAIG
0,09%; 10yr Bond 0,1%; 10yr Yield 4,6%
| Telecom 0,27%| Energy 0,04%| Utilities -0,12%| Technology -0,61%| ConsStaples
-0,66%| Healthcare -0,75%| Industrials -0,8%| Financials -0,8%| ConsDisc -0,82%|
Materials -1,17%
- Crude Oil briefly shot up more than $5, or 8.2%, in late U.S. electronic
trading, to hit $68 a barrel, the highest level since early September, amid
unsubstantiated rumors that Iran had fired on a U.S. naval vessel in the
Mideast Gulf. Traders were stumped to explain the extreme volatility as prices
swung dramatically in a matter of minutes. NYMEX personnel confirmed that all
prices flashed on trading screens were accurate
- Accenture Ltd. rose 73 cents, or 2 percent, to $36.95 in trading after the
official close of U.S. exchanges. The world’s second-biggest consulting firm
said second-quarter profit was 47 cents a share. Seventeen analysts polled by
Bloomberg had an average estimate of 42 cents a share.
** ASIAN MARKETS **
Nikkei -0,8%; Kospi -1,03%; HSI -1,24%; Taiwan -0,73%; China -0,47%; India
-1,4%; Thailand -0,67%; Australia -0,49%
- Asian Stocks Fall, Led by Honda, on U.S. Consumer Confidence, Home Prices
- Warburg Pincus May Invest $180 Million in Titan Petrochemicals, People Say
- Tokyo Electric to Delay Finishing Two Reactors After Cover-Up of Accident
- Orient Shares Surge on Mizuho’s Decision to Bail Out Credit Card Company
- Australian Dollar to Extend Gain to 17-Year High on Yields, Says ABN, RBC
- JM Financial Seeks to Buy Brokerage in India After Morgan Stanley Split
- Citic 1616, Parent Raise $269 Million in Hong Kong Share Sale, People Say
- Japan’s Consumer Prices Probably Fell in February, Hampering Rate Increase
- Cnooc May Report Smallest Profit Increase Since 2002 on Weaker Oil Prices
- China’s Investment May Spur Overcapacity, Turn Growth Into Curse, ADB Says
** EUROPE: IN PLAY TODAY **
- Vinci: the Co will pay a final dividend of E1.8 a share on May 14 2007, FY
dividend rose 33% to E2.65. Will ask the AGM authorisation to buyback up to 10%
of its shares for a maximum of E3.5bln and to split its shares 1:2.
- DaimlerChrysler executives are close to selling their Chrysler unit (WSJ).
Yesterday Porsche Pref (+7.72% to E1208) and Daimlerchrysler (+2.81% to E61.92)
reached a new 3-month relative high against the Dax.
- ASML Holding AGM. Yesterday Asml Holding (-1.03% to E18.26) reached a new
3-month relative low against the AEX.
- Autostrade FY results expected. Last year, FY net income reached E791.3m and
total revenue of E2.96bln. Market sees FY net income adjusted of E651.23m and
sales of E3.1bln. The stock was raised to “overweight” from “neutral” by HSBC.
- Enel FY results expected. Last year, FY net income reached E3.89bln and sales
E32.3bln. Market sees FY net income adjusted of E3.11bln and sales of E37.23bln
- APM Maersk FY results expected. Last year, FY net income reached DK20.09bln
and sales DK208.7bln. Market sees FY net income adjusted of DK15.92bln and sales
of DK268.11bln
- Hennes & Mauritz 1Q results expected. Last year, FY net income reached
SK1.81bln and sales SK15.1bln. Market sees FY net income adjusted of SK2.33bln
and sales of SK17.3bln. Yesterday Hennes & Mauritz (B) (+2.14% to SEK405) closed
at a 3-month relative high against the OMX Stockholm 30.
(BN ) Lennar’s Net Income Declines as Demand Wanes in U.S.
Tuesday, March 27th, 2007*ECB’S GARGANAS SAYS HE DOESN’T THINK RATES HAVE PEAKED
Tuesday, March 27th, 2007* Alcatel Gets 3-Yr Verizon Wireless Pact Worth Expected $6B
Monday, March 26th, 2007** MORNING WRAP **
Monday, March 26th, 2007** US MARKETS **
Dow 0,16%; Nasdaq -0,11%; S&P 0,11%; Soxx 0,63%; Russel2k 0,18%; DJAIG -0,43%;
10yr Bond 0,01%; 10yr Yield 4,61%
| Energy 0,62%| Industrials 0,59%| Utilities 0,45%| Materials 0,39%| Financials
0,17%| ConsDisc 0,04%| ConsStaples -0,05%| Technology -0,23%| Healthcare -0,26%|
Telecom -0,36%
- Business-Spending Slowdown May Surprise Fed by Lingering to Sap Job Growth
- Bernanke Befuddles Economists; Bear Stearns Is Bullish, Goldman Bearish
- Intel Plans to Invest $2.5 Billion in First Semiconductor Factory in China
- OPEC Dictates Higher Price, Market’s Relative Scarcity as Crude Oil Surges
** ASIAN MARKETS **
Nikkei 0,03%; Kospi -0,04%; HSI 0,53%; Taiwan 0,24%; China 1,1%; India -0,24%;
Thailand 0,43%; Australia 0,54%
- Asian Energy Stocks Gain on Oil Price Rise, Cnooc Upgrade; Posco Declines
- Intel Plans to Invest $2.5 Billion in First Semiconductor Factory in China
- CCMP-Led Group to Buy Telecom New Zealand’s Directories for $1.6 Billion
- China Telecom Second-Half Profit Rises 8 Percent on Rise in Internet Users
- Dabur India Plans Acquisitions in East Asia to Help Sustain Sales Growth
- Thailand May Weaken `Extreme’ Foreign Ownership Law, Finance Minister Says
- Wuhan President Wang Says Steelmaker Studying Setting Up Overseas Plant
- China May Raise Interest Rates in Six Months to Rein in Supply of Money
- Billionaires Li Ka-Shing, Lee Shau-Kee Say Hong Kong Home Prices to Rise
- Hyundai Motor Risks Crashing as Chairman Chung Faces Three Years in Prison
** EUROPE: IN PLAY TODAY **
- Porsche AG, the world’s most profitable carmaker, plans to raise its stake in
Volkswagen AG today to 31 percent, triggering a legal requirement for a takeover
bid as it solidifies control over Europe’s largest carmaker. Porsche, based in
Stuttgart, Germany, will offer 100.92 euros an ordinary share, 14 percent less
than the March 23 close in Frankfurt trading that valued the company at 42.7
billion euros ($56.7 billion), the sports-car maker said March 24.
- Saudi Arabia is shipping less oil to customers. OPEC by February reduced
dailyoutput by 1 million barrels. Global inventories this year fell the most in
a decade. Credit Ali al-Naimi, oil minister of Saudi Arabia, the world’s largest
exporter, who told OPEC members that production cuts would stop a six-month
decline in oil. Crude this year rebounded 26 percent from a 20-month low to
$62.51 a barrel.
- ABN Amro Holding NV: Royal Bank of Scotland Group Plc received support from
two “leading” shareholders to compete with Barclays Plc in bidding for the
Dutch bank, the Daily Telegraph reported on March 24, citing the investors
without identifying them.
- Bayerische Motoren Werke AG: The company expects to increase productivity by
10 percent in 2007, Automobilwoche reported. BMW wants to build 1.4 million cars
this year. The long-term increase in productivity will be about 5 percent, the
magazine said.
- Xstrata Plc is preparing a A$4 billion ($3.2 billion) takeover bid for nickel
producer LionOre Mining International Ltd., the Sydney Morning Herald said,
without citing anybody.
** UK SAYS 15 SAILORS HELD BY IRAN IN IRAQI WATERS
Friday, March 23rd, 2007LONDON (AP)–Iranian naval vessels seized 15 U.K. Navy personnel in Iraqi
waters on Friday, the Ministry of Defense said.
The U.K. personnel from the frigate HMS Cornwall were “engaged in routine
boarding operations of merchant shipping in Iraqi territorial waters,” and had
completed their inspection of a merchant ship when they were accosted by
Iranian vessels, the ministry said in a statement.
“We are urgently pursuing this matter with the Iranian authorities at the
highest level and … the Iranian ambassador has been summoned to the Foreign
Office,” the ministry said. “The British government is demanding the immediate
and safe return of our people and equipment.”