DaimlerChrysler euro bonds gain on Q2 results

Newswire

LONDON, July 24 (Reuters) - Bonds of German automaker DaimlerChrysler rose in value on Thursday, and the cost of buying protection against default fell, after the firm posted a larger than expected second quarter operating profit. DaimlerChrysler's operating profit slumped 62 percent to 641 million euros ($736 million), hit by a deep loss at its U.S. Chrysler arm, but was way above a Reuters poll of 30 analysts estimating a profit of 288 million euros. The yield on DaimlerChrysler's ...

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