Friday, May 4, 2007

European Stocks May Rise; Shares of EMI, Munich Re, Hanson May Advance

(Bloomberg) -- European stocks may gain after earnings from Munich Re, the world's second-biggest reinsurer, beat analysts' estimates and music company EMI Group Plc said it received several takeover approaches.

``We'll probably see a gain in momentum from earnings,'' said Lucy Macdonald, chief investment officer at RCM Ltd. in London, which oversees $100 billion. This will provide ``good support for markets.''


Read more at Bloomberg Stocks News

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