Stocks are looking mixed this morning. General Motors Corp. is up after raising its earnings guidance for the first quarter. But general economic worries persist.

Canadian investors increased their holdings of foreign securities by $6.0 billion in
December. It was their largest investment in seven months. Foreign investors added $1.7 billion to their holdings of Canadian securities in December, after much higher investments in October and November.

In Europe, stocks are generally up on the GM news. This is boosting stocks such as DaimlerChrysler AG. Vivendi Universal SA is up too. The FTSE has gained 38 points to 5088. The CAC 40 is up 17 points to 4262. The DAX has added 33 points to 4778.

Overnight in Asia, stocks opened weaker without the benefit of GM’s news. The Nikkei lost 60 points to 10296. The Hang Seng shed 169 points to 10496.

In earnings news, Emco Limited reported net earnings for the fourth quarter of 2001 were $0.9 million, up from a loss of $1.9 million for the same period last year. Emco’s net earnings for the year were $9.6 million, compared to net earnings of $1.8 million for 2000.