After increasing employment data in US, two other good news are coming from Europe.Big defense giant EADS have shown a profit for 2010. The company had given bad results for 2009. It returned to profit this year. It was a big victim of downturn.
Another European giant Prudential have also shown good results. Pre tax profit almost doubled. Result of both companies are being seen as a recovery from downturn.
This will surely boost confidence in investors specially in Europe. But oil prices are still
a big problem. Although oil prices little decreased on promise for extra production from Saudi Arab. Dow Jones & NASDAQ responded positively.
