July 6 (Bloomberg) -- Alex Bernal, a market technician at KeeneOnTheMarket.com, SFG Alternatives' Larry Shover and Charles Bradford of Bradford Research debate the future of Alcoa's stock. They speak with Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)
Alcoa Inc. , the largest U.S. aluminum producer, reported second-quarter sales and profit that beat analysts’ estimates and forecast higher global demand for the metal, which may signal broader economic growth.
Novelis Inc., the U.S.-based aluminum unit of India’s Hindalco Industries Ltd. , said it will become the largest North American maker of metal for beverage cans this year as Alcoa Inc. curtails output.
Japanese stock futures and Australian shares fell as optimism about U.S. corporate earnings waned after Alcoa Inc. reported third-quarter profit that missed analyst estimates and amid concern Europe’s debt crisis will worsen.