Thursday, October 14, 2010

Good start to the season reporting of U.S. companies

Corporate reports for the third quarter in the U.S. go on as usual and the first reports from heavyweights such as Intel and JP Morgan were impressive. Report last week, Alcoa, beat analysts' expectations. As a result, a number of indices is many months of highs. For example, DAX at the highest level since September 2008, FTSE 100 on a 6-month maximum, Hang Seng - the highest since mid-2008, and the Sensex tests the highest level since early 2008.

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