Bank stocks may face rough ride over rates

Article Abstract:

Bank stocks are expected to suffer as c entral banks worldwide raise short-term interest rates. In addition, banks are expected to experience increased funding costs and reductions in business volume . As the banking industry comprises one of the stock market's largest sectors and accounts for a substantial piece of total corporate profits, such a slowdown could have a wider economic impact.

Comment:

Bank stocks are expected to suffer as c entral banks worldwide raise short-term interest rates.

United States, Commercial Banks, Europe, Japan, Financial Services, Finance and Insurance, Interest Rates, DEPOSITORY INSTITUTIONS, Securities issued, listed, Banking industry, Financial services industry, Forecasts and trends, Market trend/market analysis, Securities, Company sales and earnings, Company earnings/profit, Company securities

---

U.K. stocks see early Olympic glory

Article Abstract:

The United Kingdom stock market has posted an 8.6 percent increase to 5229.60, a three year high. The Pound has fallen 8.6 percent and employment growth and the housing market have stabilized. Economic growth in the United Kingdom for the first quarter was revised to 2.1 percent from 2.7 percent.

Government expenditures, Security brokers and dealers, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Economic policy, Securities industry, Pound (United Kingdom)

---

Telecom turmoil takes a big toll on Spirent business

Article Abstract:

Spirent PLC posted a pretax loss of 242.8 million pounds (387.3 million euros) for the 2001 first-half. The company was hit hard by the slowdown in the telecommunications industry.

Noncurrent-carrying wiring devices, Noncurrent-Carrying Wiring Device Manufacturing, Noncurrent Carrying Wiring Eqp, Electrical equipment and supplies industry, Electric equipment industry, Finance, Electric wiring, SPIRENT PLC

Similar abstracts:

• Abstracts: U.K. farmers may have taken advantage of livestock disease. U.K., France reach military accord. Ahead of G-8 talks, protests by rockers have unlikely backer
• Abstracts: Japanese auto sales expected to rise. U.S. car sales eased in January. Porsche expects sales to rise
• Abstracts: Rabobank sets merger pact with Achmea. Poland to launch public offering of PZU next year. Achmea offering in Eurobond market gets strong demand
• Abstracts: Bad year for chip makers. Kim quits as head of party
• Abstracts: Foster's says net rose 8.7% in year amid gains in U.S. Carlsberg sees rise of 71% in net profit for third period

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.