SAN DIEGO COMPANIES - World stocks rise on hopes downturn is stabilizing - Philadelphia Inquirer SAN DIEGO COMPANIES - World stocks rise on hopes downturn is stabilizing - Philadelphia Inquirer

Wednesday, February 4, 2009

SAN DIEGO COMPANIES - World stocks rise on hopes downturn is stabilizing - Philadelphia Inquirer

LONDON - World stocks advanced Wednesday, with Tokyo's index up nearly 3 percent, as better-than-expected news about the U.S. and Chinese economies raised hopes the global downturn is stabilizing. By noon in mainland Europe, Britain's FTSE 100 rose 0 in Stock and Shares News

LONDON, Feb 4 (Reuters) - World stocks put in modest to strong gains on Wednesday with emerging markets leading the field as investors showed tentative confidence that the global economy will begin to improve. Wall Street looked set for a positive in Stock and Shares News

SAO PAULO (AP) - Brazilian stocks are rising on hopes that the global economy is stabilizing fed by better-than-expected news about the U.S. and Chinese economies. Brazil's Ibovespa index was up 0.9 percent to 40,120 in the first 30 minutes of in Stock and Shares News

Recommended (6) Reality Bites Submerging Markets? Hedge Funds Fall Hard And Fast 5 Reasons to Be Cautious About Stocks By The Numbers: Black October Market Crashes Stocks tumble as House defeats bailout plan (TOKYO) World stocks advanced Wednesday in Stock and Shares News

Fitch Ratings on Wednesday downgraded Russia's sovereign rating to 'BBB' and said further cuts were possible due to low commodity prices, high capital outflows, melting reserves and corporate debt problems. Fitch's downgrade follows one from Standard in Stock and Shares News

PARIS, Feb 4 (Reuters) - European stocks climbed in early trade on Wednesday, extending the previous session's rally as forecast-beating results from Alcatel-Lucent (nyse: ALU - news - people ) overshadowed disappointing earnings from Roche. Miners in Stock and Shares News

Electronic Arts (ERTS 15.50) posted disappointing earnings, gave downside guidance, and said it is cutting jobs as weak holiday sales hurt the video game publisher. For its fiscal third quarter, Electronic Arts posted earnings of $0.56 per share in Stock and Shares News

SINGAPORE (AP) — Oil hovered near $41 a barrel Wednesday in Asia as investors mulled the impact of OPEC production cuts and mixed signs about the U.S. economy. Light, sweet crude for March delivery fell 14 cents to $40.64 a barrel by late afternoon in Stock and Shares News

Whitehouse Station, N.J.-based Merck ( MRK Quote - Cramer on MRK - Stock Picks ) reported a profit on Tuesday of $1.64 billion, or 78 cents per share, beating out analysts predictions of earnings per share of 74 cents and revenue of $5.98 billion in Stock and Shares News

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