Skip to main content

Europeans stocks on a High !!

BHP Billiton Ltd., the world’s largest mining company, and Kazakhmys Plc jumped more than 8 percent. Valeo SA, France’s second-biggest auto-parts supplier, surged 19 percent after CA Cheuvreux recommended the shares. Deutsche Bank AG and Barclays Plc climbed more than 5 percent as European banks were raised to “overweight” at Bofa Merrill Lynch Global Research.

European stocks posted the biggest weekly gain since July after U.S. service industries expanded for the first time in a year and basic-resource shares rallied on an unexpected profit from Alcoa Inc. and higher metal prices.

bhp billiton european stocks

Europe’s Dow Jones Stoxx 600 Index added 3.7 percent to 242.73, as all 19 industry groups advanced. The measure has rebounded 54 percent since March 9 as companies worldwide from Goldman Sachs Group Inc. to Bayer AG and L’Oreal SA reported better-than-projected earnings and the French and German economies exited recessions

Two years ago British bank HBOS (HBOS ) ranked No. 1, and financial firms, utilities, and consumer-product marketers dominated the top quartile of the 50. This year, China's demand for commodities, and its impact on everything from oil prices to shipping, has pushed a new group into the winners' circle. British mining concerns Rio Tinto (RTP ) (No. 22) and Anglo American (AAUK ) (No. 36) are two examples. Shipping giant A.P. Moller-Maersk (No. 4) has also reaped profits from the China trade. Similarly, high oil and gas prices have put energy companies like Norway's Statoil (STO ) (No. 2), the Netherlands' Royal Dutch Petroleum (RD ) (No. 13), and France's Total (TOT ) (No. 20) in the upper echelon. But already fears of a commodities slowdown have affected these stocks. BHP shares, for example, are off 10% in the past few months. If BHP's profit growth tracks its stock price, another company will claim top honors next year.

“Since the spring, investors have anticipated the improvement in the business cycle, responding to the exceptional fiscal and monetary policy measures put into place to prevent a multi-year recession,” said Andrew Milligan, head of global strategy at Standard Life Investments Ltd., which manages about $195 billion. “There should be further positive surprises to corporate earnings into the winter as output recovers.”


Popular posts from this blog

List of Australian blue chip stocks

Australian shares gained 0.6 percent on Wednesday led by blue chip miners and financials on strong resource price

The biggest Blur chip stocks traded on the ASX, in terms of their market capitalisation, include:
BHP BillitonCommonwealth Bank of AustraliaTelstra CorporationRio TintoNational Australia BankAustralia and New Zealand Banking GroupRio tintoWestpac
The only stock to do worse than the S&P/ASX 200 is Harvey Norman Holdings Ltd [ASX: HVN]. Even so, it’s a better-than-the-bank 8.3% gain. The others have done much better: Qantas [ASX: QAN] up 36.1%; JB Hi-Fi [ASX: JBH] up 20.5%; Toll Holdings [ASX: TOL] up 25.3%; and Myer Holdings [ASX: MYR] up 37.1%. The benchmark S&P/ASX 200 index rose 27.1 points to trade at 4,977.3 by 2310 GMT. It fell 0.8 percent on Tuesday, its lowest close since February 7.

Best Australian stock forums online ( finance forums)

Many traders and investors use forums to share ideas, learn from the more experienced, or simply to stave off boredom during long hours at the computer. Here we list the known universe of forums, complete with costs, member numbers, extra benefits and popular forum topics. Please post a message on Your 2 Cents if your favourite forum isn't listed here, or if you feel that there's more to add about the day-to-day goings on in your online community.Forum
Stock comps
Forum areas
AussieStockForums.comFreeASX by share code, General, Beginners, Derivatives, Commodities, International, Strategies/SystemsEasy to use, independent forum. Aussie Stock Forums has a group of very active and knowledgeable traders. Private messaging available. Australian forum.
Chimes in ExileFreeASX stocks, fundamental analysis, technical analysis, commodities, economics, investment tools The forum has a small group of regular contributors that form a genuine community of investor…

The diggers and dealers forum meet 2011

The diggers and dealers forum has just begun August 1. Its a three day annual event happening every year  at the WA country town of kalgoorlie.2011 Diggers & Dealers forumBig name brokers  keenly watching the event will be MacquarieDeutsche BankBell PotterGoldman SachsRBS MorgansEvans & PartnersHartleysBlack Swan Euroz.Well most other websites will give you the  finer details of the annual meet and greet that happens at kalgoorlie , so we will just stick with the bare minimum of details  and focus on the more enjoyable bits  of information that the dealers require to strike a good deal while in town.Bare detailsWebsite : Diggers & DealersEvents : Program and scheduleWatering holes and entertainment at Diggers and dealers forumPubs , clubs  and skimpy (barmaids) culture in kalgoorlie . There are about 25 pubs in Kalgoorlie-Boulder area and for a city that stretches just 67sq km the number of pubs makes for  a good choice on drinking holesand entertainmentExchange Hotel ( Pa…