May 7, 2009 / 1:44 PM / 9 years ago

CORRECTED - Thomson Reuters says market sentiment quite good

(Corrects first paragraph to remove reference to financial market clients, making clear that Glocer is referring to market sentiment in general)

LONDON, May 7 (Reuters) - Sentiment in financial markets is quite good at the moment but not good enough to say more weakness in the markets can be ruled out, Thomson Reuters TRIL.L(TRI.TO) Chief Executive Tom Glocer said on Thursday.

“I can’t really call exactly where the bottom is. There can be false dawns. Right now, sentiment is quite good in the market. We see them opening up their purse strings just a little bit,” Glocer said.

Earlier, Thomson Reuters reaffirmed its full-year targets and reported that first-quarter revenues from ongoing businesses rose 3 percent before currency effects to $3.11 billion. Profit excluding special items was 40 cents per share, beating the average analyst forecast of 34 cents, according to Reuters Estimates. (Reporting by Georgina Prodhan; Editing by Richard Hubbard and Andrew Callus)

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