Euribor Rate Impacts European Mortgages Amidst Fluctuations; Fisher Asset Management Increases Stake in Curtiss-Wright Co.

The Euribor, a key European interbank interest rate, influences the interest rates at which major European banks lend money to one another. This daily-calculated rate serves as a benchmark for various financial products, notably mortgages, across Europe. In Spain, variable-rate mortgages are closely tied to the Euribor, meaning that fluctuations in the Euribor directly affect mortgage payments for homeowners. An increase in the Euribor leads to higher mortgage payments, while a decrease results in lower payments. Fisher Asset Management LLC increased its stake in Curtiss-Wright Co. by 47.3% during the fourth quarter, now holding 103,810 shares valued at $36,839,000. Several other hedge funds also adjusted their positions in Curtiss-Wright. Analysts have weighed in on CW shares, with Morgan Stanley lifting their price target to $395.00, while Stifel Nicolaus lowered the rating to "hold" with a $370.00 price target. Curtiss-Wright reported earnings per share of $3.27 for the quarter, surpassing estimates. The company also declared a quarterly dividend of $0.21 per share, payable on April 14th.