Petrofac are one of the top risers this morning as an agreement with oil and gas project management firm Schlumberger, empowering them to increase their scale of project bids, has impressed investors.
Balfour Beatty failed any significant early morning gain despite winning a 5 year extension to their contract with National Grid to maintain and upgrade the UK’s electricity network.
Spread trading Investors are eagerly awaiting the outcome of the French debt auction this morning for an indication of any further advancements in both bonds and equities alike.
As was the case with Germany yesterday all eyes will be on these sovereign debt auctions over this first quarter as there is substantial refinancing required from the troubled euro nations.
Article by Spreadex.
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