Ramsey
24-07-2002, Wed 9:49 AM
عن داو جونز نيوز واير
EUROPEAN OUTLOOK: Markets Set For Lower Open, Euro Gains
Euro-USD 0.9914 gain 0.0024 up 0.24%
Stlg-USD 1.5643 gain 0.0018 up 0.12%
USD-Franc 1.4648 loss 0.0043 dn 0.29%
LONDON (Dow Jones)--European shares are set for a lower open after the steep decline on Wall Street after hours. Government bonds are set to benefit. Meanwhile the euro is slightly higher against the U.S. dollar but has failed to make significant headway back towards parity.
STOCKS: European stocks are set to open lower across the board Wednesday as they absorb the late falls in the U.S. markets.
It's a huge day in the European reporting season with first half earnings reports coming from Siemens, Thomson Multimedia, Akzo Nobel and GlaxoSmithKline, among many others.
Dutch insurance giant Aegon NV is in talks to buy at least a 50% stake in Sony Corp.'s life-insurance unit for between 80 billion yen and 100 billion yen ($688 million and $860 million), The Wall Street Journal reports, quoting people familiar with the situation.
BONDS: Euro-zone government bonds are set to benefit from the lower open on the stock markets as investors continue to head for the bond markets.
The rise in U.S. Treasurys will also help drive the euro-zone markets higher.
FOREX: The euro is starting the session slightly higher against the dollar but it has failed to make significant headway back towards parity.
The dollar is expected to continue to find support after weeks of losses as investors move funds into dollars to cover for the heavy losses in equity markets.
EUROPEAN OUTLOOK: Markets Set For Lower Open, Euro Gains
Euro-USD 0.9914 gain 0.0024 up 0.24%
Stlg-USD 1.5643 gain 0.0018 up 0.12%
USD-Franc 1.4648 loss 0.0043 dn 0.29%
LONDON (Dow Jones)--European shares are set for a lower open after the steep decline on Wall Street after hours. Government bonds are set to benefit. Meanwhile the euro is slightly higher against the U.S. dollar but has failed to make significant headway back towards parity.
STOCKS: European stocks are set to open lower across the board Wednesday as they absorb the late falls in the U.S. markets.
It's a huge day in the European reporting season with first half earnings reports coming from Siemens, Thomson Multimedia, Akzo Nobel and GlaxoSmithKline, among many others.
Dutch insurance giant Aegon NV is in talks to buy at least a 50% stake in Sony Corp.'s life-insurance unit for between 80 billion yen and 100 billion yen ($688 million and $860 million), The Wall Street Journal reports, quoting people familiar with the situation.
BONDS: Euro-zone government bonds are set to benefit from the lower open on the stock markets as investors continue to head for the bond markets.
The rise in U.S. Treasurys will also help drive the euro-zone markets higher.
FOREX: The euro is starting the session slightly higher against the dollar but it has failed to make significant headway back towards parity.
The dollar is expected to continue to find support after weeks of losses as investors move funds into dollars to cover for the heavy losses in equity markets.