Utilities Flat as Traders Rotate Into Economically Sensitive Areas -- Utilities Roundup
31 October 2014 - 9:26PM
Dow Jones News
Power-plant operators were more or less flat as traders rotated
out of dividend-oriented, defensive sectors into the areas of the
market most leveraged to the rate of economic growth. One of the
effects of quantitative easing is to encourage investors to buy
risky stocks as, in the latest development, the Japanese central
bank steps in to buy stocks itself.
State-owned nuclear engineering and uranium mining group Areva
SA said Friday its revenue contraction will slow down in the fourth
quarter after falling 14% in the first nine months of the year.
-Rob Curran, rob.curran@dowjones.com