While you were sleeping Stocks up before Alcoa results

Mon, 08 Jul 2013

By Margreet Dietz July 9 (BusinessDesk) - Equities on Wall Street and in Europe gained as investors awaited the unofficial start of the US second-quarter earnings season with the results of Alcoa due after the close of the American markets. The aluminum producer is expected to report earnings of 6 US cents per share on revenue of US$5.83 billion, according to Reuters. Alcoa shares were last up 1 percent. "With analysts having downgraded their expectations in recent weeks, we should be seeing fewer negative surprises in the US earnings season...

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