State Street surge leads financials rally

Date: Wed, 07 Jul 2010 12:00:49 -0400

STATE STREET SURGE LEADS FINANCIALS RALLY
State Street Corp. paces gains in the U.S. financial sector, after the
trust bank raises its second-quarter earnings forecast on improved
revenue trends.

U.S. STOCK GAINS ACCELERATE ON FINANCIALS, ENERGY
U.S. stocks advance as the financial sector gains on a rosy forecast
from State Street and energy stocks get a boost from higher crude
prices.

EUROPE EDGES HIGHER AS BANKS OFFSET MINERS
European shares turn losses into modest gains, lifted by the financial sector.

BP SAID COMFORTABLE WITH LARGE ABU DHABI STAKE
BP is reportedly comfortable with Abu Dhabi taking a stake as large as
10%, according to a published report.