What may move markets in Europe and Asia?
>> we have a pair of previews on what may move markets in europe and asia. we begin with mark bar ton in the london bureau.
>> tyke to take a look a at the schedule in europe this week. a look at what to watch in economic news in a moment. but the mining company bilitas reports second quarter earnings monday. prices are expected to record profit close to a record high. however, goldman sachs said mining companies could see the profits cut in the second half t. rising oil prices and increasing labor and equipment costs are expected to have an impact. europe’s biggest insurer, alliant is expected to report earnings on monday. pre-tax profits improved. europe’s biggest food company, nestle, reports the second biggest later in the week. it will be on margin improvement with the chief executive peter bryback initiating a wide rapinging structural program. sales in europe are likely to remain weak. but emerging markets are expected to show strong performance. the europeep earnings season winds down this week. companies have posted rising earnings. many afford record oil prices could hurt growth in the second half of the year. on the economics front t focus will be on business and investor confidence in europe. we’re awaiting germany’s august investor confidence index. merrill-lynch issued the fund manager’s survey. they could provide further evidence the record oil prices of optimism among investors. other stories, including the latest minutes from the bank of england will be looking for an insight to how much higher interest rates could go. the minutes ahead of second quarter g.d.p. figures due on friday. preliminary data indicates growth accelerate in the second quarter boosted by a recovery in manufacturing and a rise in consumer spending.
>> well, from london, we head to tokyo for a preview of the pac rim. here’s bloomberg’s gene otani.
>> here in the new week in asia, taiwan’s economy probably accelerate in the second quarter. more flat panel displays in semiconductors while manufacturers boosted investments in factories. john c. copper say copper triple in the first half as prices surged. the government’s efforts to slow the economy probably won’t slow demand. other companies that are expected to release earnings included the world’s largest cell phone operator by china mobile as well as hutchison whampoa and cheung cong holdings. analysts surveyed by bloomberg say the world’s largest mining company posted a record profit of $3.4 billion australian dollars ap benefiting from the accelerating global growth. the company’s largest carrier, qantas airways may report a record second half profit. indonesia’s president will present the 2005 draft budget to parliament for approval. that comes from about three hours as the government with the gross domestic product in the second quarter. economists survey bid bloomberg say southeast asia’s largest economy grew 4.65% in april through june. that’s what’s expected in the asia pacific region in the week ahead. now back to you.
>> all right, back to business we go. well, it used to be the favorite of drag racers, but now it’s helping chrysler to boost its sales. we talked about the reintroduced option on the cars -- the hemi carburetor announced the buyer wills pay extra for the 5.7 liter 345 horsepower hemi in half of the cars annual light truck that is carry it t. company is sblo deuce ago 6.1 liter, 420 horsepower version. the hemi was developed for aircraft engines in the 30’s. it mixes fuel and air allowing the carburetor to suck in more air. we want to take you to the new feature. here on television beginning this month. you’ll be able to see the 20 most active stocks trading in the u.s. extended session, afterhours, if you will. the after hours ticker is going to run on the top portion of the two-tiered stock crawl. you’ll be able to see the lower prices on the lower part of the ticker. the afterhours ticker will kick in 4:15 p.m. new york time and run to 6:45 p.m. and terminal users of the bloomberg can always access that on their own by typing in most u215go. the oh litchic games are under way. nbc―it’s the big question. will the $800 billion bet to air the games in the u.s. pay off? that and more coming up next.
