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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (56252)	11/26/2001 3:52:47 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

I may put in a "buy on open" order if things continue to look rosie. Stan 11/26 03:23 European Stocks Gain; DaimlerChrysler, Siemens, Philips Climb By John Fraher quote.bloomberg.com London, Nov. 26 (Bloomberg) -- European stocks rose on optimism lower oil prices will help to spark economic growth next year. DaimlerChrysler AG and Siemens AG advanced. Thomson Multimedia SA and other consumer-related shares climbed as some investors judged that that U.S. consumer confidence is set to rebound. Wal-Mart Stores Inc., the biggest retailer, said it had record single-day sales Friday as the holiday shopping season began. ``It's a positive,'' Roger Hornett, chief executive of Theodoor Gilissen Securities in London, said of U.S. consumers' resilience. ``The lower oil price is also very good for consumer spending. Although the economy will probably remain difficult for some time, we're seeing light at the end of the tunnel.'' The Dow Jones Stoxx 50 Index gained 40.71 points, or 1.1 percent, to 3729.96. It's climbed 28 percent since Sept. 21, when it fell to a three-year low, amid optimism falling oil prices will combine with lower U.S. and European interest rates to boost corporate profits next year. Crude fell as much as 2.4 percent to $18.50 a barrel in after-hours electronic trading in New York on concern Russia may fail to cut daily output enough to persuade OPEC to reduce its supply. The price of crude has dropped by almost a third in U.S. trading since Sept. 11. DaimlerChrysler, the No. 5 carmaker, gained 1.18 euros, or 2.4 percent, to 50.88. Siemens, Germany's No.1 electronics and engineering company, added 1.52 euros, or 2.2 percent, to 69.32.