Thursday, April 26, 2007

Areva, Nexity, Peugeot, Renault and Saint-Gobain: French Equity Preview

(Bloomberg) -- The following stocks may rise or fall on the Paris stock exchange. Symbols are in parentheses after company names. Prices are from yesterday's close.

The benchmark CAC 40 Index slipped 2.89, or 0.1 percent, to 5944.44. The broader SBF 120 Index also declined 0.1 percent.


Read more at Bloomberg Stocks News

Japan Shares Fall, Led by Canon, After Rising Inventories Signal Slowdown

(Bloomberg) -- Japanese stocks slipped, led by electronics companies such as Canon Inc. after electrical parts inventories rose for a second month, suggesting demand may be slowing for their products.

``Electronics parts inventories are a bit excessive,'' said Yoshinori Nagano, who helps oversee about $70 billion at Daiwa Asset Management Co. in Tokyo. ``The inventory numbers are an important indicator as to the economic cycle for electronics companies and when it rises that's a sign that production may be headed for a decline.''


Read more at Bloomberg Stocks News

Australian Cattle Prices Advance, Reversing Slump, Ahead of Forecast Rain

(Bloomberg) -- Cattle prices in Australia, the world's second-largest beef exporter, rose 4.1 percent this week, ending two straight weeks of declines, on forecasts of rain for some parts of the country.

Australia's benchmark Eastern Young Cattle Indicator, which measures auction prices of cattle sold at sale yards in the east of the country, rose 12 cents, to A$3.08 ($2.54) a kilogram this week. That's the biggest weekly gain in 14 weeks.


Read more at Bloomberg Commodities News

Philippine Three-Year Bonds Fall a Fourth Week on Deficit, Peso Declines

(Bloomberg) -- Philippine three-year local- currency bonds fell for a fourth week on concern the government will miss its budget deficit target and resort to more borrowing. The peso declined.

Three-year bonds had the biggest weekly decline in at least six weeks after the government reported its widest monthly deficit in March in more than a decade, bringing the first- quarter shortfall to 52 billion pesos ($1.1 billion) or four- fifths of the full-year goal. Bonds also dropped this week on the resignation of National Treasurer Omar Cruz.


Read more at Bloomberg Bonds News

European Commodity Stocks, BHP May Decline; Business Objects May Advance

(Bloomberg) -- European basic resources stocks may decline after copper plunged to a three-week low, pacing a decline by other metals including gold.

BHP Billiton, the world's biggest mining company, and Rio Tinto Plc, the third largest, slid in Australia. Business Objects SA might track gains by technology companies after Microsoft Corp. said earnings jumped.


Read more at Bloomberg Stocks News

Highlights-Japan economic indicators, BOJ rate decision

(Reuters) - The central bank kept its target interest rate unchanged at 0.5 percent on Friday, as widely expected by markets.

Following are key points of the economic indicators released and the Bank of Japan's policy decision.


Read more at Reuters.com Economic News

China Citic Bank Shares Double in Shanghai Debut After $5.4 Billion Sale

(Bloomberg) -- China Citic Bank Corp. shares more than doubled on their first day of trading in Shanghai after the company raised $5.4 billion in the world's biggest initial public offering this year.

The stock rose to 11.8 yuan at 1:37 p.m. in Shanghai from the offer price of 5.8 yuan, after having risen to 12.19 yuan earlier. The Hong Kong-traded shares rose 16 percent to HK$6.85.


Read more at Bloomberg Emerging Markets News