EVR, HTGC, PHG, CPHD, - Evercore Partners, Hercules Technology Growth Capital, Royal Philips Electronics and Cepheid
Evercore Partners Inc. (NYSE:EVR) recently announced that its Adjusted Pro Forma Net Revenues were $123.7 million for the three months ended September 30, 2010, compared to Adjusted Pro Forma Net Revenues of $83.4 million and $64.8 million for the three months ended September 30, 2009 and June 30, 2010, respectively.
Stocks Firm after Spain Announces New Austerity Measures
Firm Euro Helping to Boost Demand for Higher Risk Assets
The stronger Euro is helping to boost demand for higher risk assets, underpinning global equity markets overnight. U.S. equity indices finished last week higher, but the markets looked tired as the week-ended. The stronger Euro is encouraging investors to ignore last week’s action and instead turn their focus on the better returns being offered by equity markets.
U.S. Equity Markets firm after EU agrees on Financial Aid Package
U.S. Equity markets treaded water most of the session after a firm opening. Once again a gap-higher opening during the day session in the stock indices failed to attract strong buying interest. This was no surprise, however, as traders have backed away many times from chasing this market during its nine-month rally.
Firm Crude Oil Market Helps Trigger Late Session Equity Rally
Stock index futures made new highs for the year as appetite for risky assets picked up late in the trading session. The markets traded firm most of the day, buoyed by a better than expected U.S. Weekly Initial Claims Report. After trading in a range throughout the midsession, upside activity picked-up following a better-than-expected oil inventory report sent oil stocks higher.