Excerpt from: Individual Equities CFDs and Spread Bets
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| September 19, 2007 | | UBS, Lloyds TSB, Deutsche Bank lead the charge | European financial stocks are leading the charge as individual equities in Europe rise on yesterday's Fed rate cut. UBS, Lloyds and Deutsche Bank all are showing signs of a rally as risk appetite becomes greater, and investors are more willing to take a chance on the recovery of European financial stocks. Bloomberg reports on the Fed rate cut and individual equities in Europe:
``It's a bit like the cavalry arriving, this time in
helicopter gunships,'' said Daniel Broby, chief investment
officer at Renaissance Investment Management in London, where he
helps manage $4 billion. ``We had our strategy meeting yesterday
and we were certainly saying that if rates were cut by this
magnitude we would be playing the rally.'' | | |
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