Market Recap
DJIA +0.64%, Nasdaq +0.38% and S&P +0.80%
Nikkei -3.03%
WTI Crude Oil USD 36.08
Gold USD 940
USD/EUR 1.2930
U.S. stocks closed slightly higher on below average volumes on news of an agreement on stimulus package.
U.S. News
Coca-Cola Enterprise, Computer Sciences, Dean Foods and XL Capital reported good numbers last night.
Research In Motion expects Q4 earnings to be at the low end of its previous forecast.
Las Vegas Sands 4Q08 loss of USD0.04/share missed estimations
Morgan Stanley and Mitsubishi UFJ Financial Group will merge brokerages by end of March.
Alcon reported Q4 EPS above market consensus and guided in line numbers for 2009.
European News
Umicore reports weak FY numbers and sees profit for H109 considerably below H1 08
KBC reports numbers in line with the market, net loss EUR 2.48bn. Co sees encouraging start to 2009.
Chinalco will invest USD 19.5bn in Rio Tinto via assets and convertibles.
Total reports pretty much in line Q4 numbers. Dividend is up by 10% at EUR 22.28
EDF reports disappointing numbers, waiting for more details at the conference call later this morning.
ABB reports numbers marginally ahead of consensus but says outlook for 2009 uncertain.
Swiss Re CEO Aigrain will be replaced by Deputy CEO Stefan Lippe.
Nutreco reports numbers in line and reiterates its 2010 targets.
Cap Gemini reports in line FY2008 numbers. Guidance for H1 2009 slightly down.
Renault reports numbers below market expectations and cuts its dividend to zero. Renault already has gone through most of its production adjustments.
Diageo reports numbers below market expectations and cuts its guidance for 2009
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