While you were sleeping Alcoa lifts stocks, outlook

Wed, 09 Jan 2013

By Margreet Dietz Jan 10 (BusinessDesk) - Equities in the US and Europe rose after Alcoa's better-than-expected fourth-quarter revenue helped bolster optimism that US corporate results might beat expectations, albeit low ones, and that China will add lustre to the global economy. The aluminum producer also predicted worldwide demand for aluminum will accelerate to 7 percent in 2013. Shares of Alcoa gained, last up 0.2 percent at US$9.12 after earlier rising as high as US$9.33. Commodities also benefitted. Aluminum for delivery in three month...

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