SOURCE: World Street Fundamentals

November 01, 2011 09:00 ET

A Turn in Tide, Europe's New Deal - Research Report on Petroleo Brasileiro SA (ADR) and MICROS Systems, Inc.

HONG KONG--(Marketwire - Nov 1, 2011) - Today, released its industry report highlighting Petroleo Brasileiro SA (ADR) (NYSE: PBR) and MICROS Systems, Inc. (NASDAQ: MCRS). Full fundamental and technical analysis is available at

Markets are starting to step in the right direction, with the European Financial Stability Facility (EFSF) increasing from $600 billion to $1.4 trillion, a significant move to strengthen the safety net in place for Europe's most troubled countries.

It is likely China and the IMF will contribute to the bailout fund, with Greece alone receiving $180 billion in fresh aid. The remainder of Greece's obligations were halved in the process, with private bondholders of Greek debt settling at 50% -- allowing banks to recapitalize at a healthy 9% reserve and bring Greece's debt burden down to 120% of GDP by 2020.

An important consideration is political commitment to this road map and probability of ongoing support for European Central Bank (ECB)'s recent deal. Currently the global community appears to be on point with ECB's initiative, an outlook that should be sufficient to support markets around current levels.

World Street Fundamentals has highlighted Petroleo Brasileiro SA (ADR) for its current position within the basic materials industry. Petroleo Brasileiro SA Petrobras (Petrobras) is a Brazilian integrated oil and gas company. It operates in five segments: exploration and production; refining, commercialization and transport of oil and natural gas; petrochemicals; distribution of derivatives, electrical energy, biofuels and other renewable energy sources. The entire report on Petroleo Brasileiro SA (ADR) (NYSE: PBR) is available here:

World Street has featured MICROS Systems, Inc. for its development within the technology industry. MICROS Systems, Inc. (MICROS) is a designer, manufacturer, marketer, and servicer of enterprise information solutions for the global hospitality and retail industries. Its operates in two segments: the United States and International. The entire report on MICROS Systems, Inc. (NASDAQ: MCRS) is available here:

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