Stocks Gain on Weak U.S. Dollar
Utilities gained from continued bid talk, lack of much exposure to the U.S. dollar and a knock-on effect from Germany's biggest power generator RWE Power (RWEG.DE: Quote, Profile, Research), up 3.3 percent. Scottish & Southern Energy (SSE.L: Quote, Profile, Research) rose 2 percent, while Kelda Group (KEL.L: Quote, Profile, Research) was up 1.9 percent and Severn Trent (SVT.L: Quote, Profile, Research) added 1.4 percent. Among other standout gainers, shares in British Airways (BAY.L: Quote, Profile, Research) rose 1.4 percent as traders cited possible consolidation within the aerospace sector after exploratory talks between Alitalia (AZPIa.MI: Quote, Profile, Research) and Air France KLM (AIRF.PA: Quote, Profile, Research) about a possible tie-up. ITV (ITV.L: Quote, Profile, Research) rose 1.4 percent on continued bid talk and also because it buys some of its programmes in U.S. dollars, benefiting from weakness in the currency, traders said. Oil stocks benefited as U.S. crude oil (CLc.L: Quote, Profile, Research) rose towards $60 a barrel, drawing strength from a supply disruption in Nigeria and as the U.S. dollar decline boosted other commodities. Royal Dutch Shell (RDSa.L: Quote, Profile, Research) tacked on 0.1 percent and BP (BP.L: Quote, Profile, Research) added 0.3 percent.
Source: Reuters.comLabels: aerospace, AIRF, Airlines, AZPIa, BAY, BPO, CLc, energy, FTSE, ITV, KEL, Oil, RDSa, RWEG, SSE, SVT, United States, utlities
posted by Stock Administrator @ 11:47 PM
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Stocks Gain on Weak U.S. Dollar
Utilities gained from continued bid talk, lack of much exposure to the U.S. dollar and a knock-on effect from Germany's biggest power generator RWE Power (RWEG.DE: Quote, Profile, Research), up 3.3 percent. Scottish & Southern Energy (SSE.L: Quote, Profile, Research) rose 2 percent, while Kelda Group (KEL.L: Quote, Profile, Research) was up 1.9 percent and Severn Trent (SVT.L: Quote, Profile, Research) added 1.4 percent. Among other standout gainers, shares in British Airways (BAY.L: Quote, Profile, Research) rose 1.4 percent as traders cited possible consolidation within the aerospace sector after exploratory talks between Alitalia (AZPIa.MI: Quote, Profile, Research) and Air France KLM (AIRF.PA: Quote, Profile, Research) about a possible tie-up. ITV (ITV.L: Quote, Profile, Research) rose 1.4 percent on continued bid talk and also because it buys some of its programmes in U.S. dollars, benefiting from weakness in the currency, traders said. Oil stocks benefited as U.S. crude oil (CLc.L: Quote, Profile, Research) rose towards $60 a barrel, drawing strength from a supply disruption in Nigeria and as the U.S. dollar decline boosted other commodities. Royal Dutch Shell (RDSa.L: Quote, Profile, Research) tacked on 0.1 percent and BP (BP.L: Quote, Profile, Research) added 0.3 percent.
Source: Reuters.com
Source: Reuters.com
Labels: aerospace, AIRF, Airlines, AZPIa, BAY, BPO, CLc, energy, FTSE, ITV, KEL, Oil, RDSa, RWEG, SSE, SVT, United States, utlities
posted by Stock Administrator @ 11:47 PM
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