UPDATE 1-Strong pharma unit drives Bayer earnings beat
* Shares indicated to rise 0.8 percent (Adds details on best-selling product Xarelto, share indication)
Jan 4 The rate banks charge each other to borrow dollars for three months rose above 1 percent on Wednesday for the first time since May 2009 as global interest rates extend their climb on expectations of accelerating global growth and inflation.
The London interbank offered rate, or LIBOR, for three-month dollars was fixed at 1.00511 percent, the highest since 1.00688 percent on May 1, 2009, which was also the last date the rate had topped 1 percent.
This compared with Tuesday's rate of 0.99872 percent.
(Reporting By Dan Burns)
* Constellium NV - expect adjusted EBITDA growth in high single digits annually for next three years, leading to over EUR 500 million of adjusted EBITDA in 2020 Source text for Eikon: Further company coverage: