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S&P &Futures (Click for latest) |
Pre Market Futures (7:30) | ||
| FTSE | +10 | ||
| TechMark | +1 | ||
| DAX | +3 | ||
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Hang Seng +16 |
Nikkei -6 |
DOW | -17 |
| S&P | -2 | ||
| Nasdaq | -3.5 | ||
News Headlines:
US stocks broke a two-day losing streak on
the back of stronger corporate news in the software sector and some
encouraging data with a decline in weekly jobless claims. This combined with
an unexpectedly strong reading on New York business sentiment helped to
overcome deflation fears. Dell said that first quarter profit rose 31
percent, matching estimates, and that it expects unit volume sales to
surge 25 percent in the second quarter, well ahead of industry growth
rates. The Swiss government slashed its economic growth forecast on Friday
to zero in 2003 from the 0.8 percent it had expected in January.
Allianz AG confirmed on Friday it suffered a
worse-than-expected net loss of 520 million euros against analysts
expectations of a 220 million euros loss.Hilton Hotels
Group said on Friday that profits fell 25%
in the first four months of 2003, but that it was on course to meet market
expectations for the full year. The firm said difficult trading in its
hotels division had been partially offset by a strong performance from its
Ladbrokes betting shops. Intercontinental
& Marriot see no upgrade before 2004.
IMI
which reported in March a four percent rise
in 2002 profits, said on Friday trading volumes in the current year were
steady, although it added its market environment remained challenging.
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- 16 May 2003 13:07
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