Thursday, July 26, 2007

European Stocks Gain on Earnings; ABB, EADS, Lonza Group, DSM Lead Advance

(Bloomberg) -- European stocks rose for the first time
in three days as companies from ABB Ltd., the world's largest
builder of electricity networks, to European Aeronautic Defence &
Space Co. reported earnings that beat analysts' estimates.

``We're seeing a lot of earnings hitting or exceeding
estimates,'' said Peter Jarvis, the London-based director of
European equities at F&C Asset Management, which oversees about
$230 billion. ``Overall, the corporate picture looks pretty good.''


Read more at Bloomberg Stocks News

No comments: