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Risk-to-Price Commentary: UPM-Kymmene Corp. Sep 10 Product Image

Risk-to-Price Commentary: UPM-Kymmene Corp. Sep 10

  • Published: September 2010
  • Standard & Poors

FEATURED COMPANIES

  • Akzo Nobel N.V.
  • CRH Finance (U.K.) PLC
  • Linde Finance B.V.
  • OI European Group B.V.
  • Solvay S.A.
  • The BOC Group PLC
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Abstract
Although the overall mood in Europe remains cautious, we believe some of the eurozone's key economic indicators point to continued recovery. For instance, although the Markit final eurozone manufacturing purchasing manager's index, released Sept. 1, signaled a loss of some growth momentum--it fell to a six-month low of 55.1 in August from 56.7 in July--this slower rate of expansion still indicates solid growth. The index has now shown improving conditions in the region's manufacturing sector in each of the past 11 months (see chart 1). Also on Sept. 1, the Ifo Institute released its business climate index for August, which jumped unexpectedly to a three-year high (see chart 2). This measure of German business confidence indicates the strength of the...

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- Blue Circle Industries PLC
- Ciments Francais S.A.
- DZ BANK AG Deutsche Zentral-Genossenschaftsbank
- UPM-Kymmene Corp.
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- Rockwood Specialties Group Inc.
- ThyssenKrupp AG
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- Anglo American Capital PLC
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- Titan Global Finance PLC
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