Monday, May 10, 2010

Alcoa Inc. (NYSE:AA), Century Aluminum (NASDAQ:CENX), Up on Sovereign Debt Loan Package

Alcoa Inc. (NYSE:AA) and Century Aluminum (NASDAQ:CENX) have responded strongly to the news the European Union is going to offer a loan package for the sovereign debt crisis valued at close to $1 trillion.

When writing this Alcoa has surged by close to 3.5 percent while Century Aluminum rose by 7.77 percent.

The euro unsurprisingly gained strenght against the U.S. dollar while crude oil and copper rose early in the day as commodity investors liked the news.

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