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Foreign Markets

Even though Intel, the world’s largest chipmaker, beat the street for the quarter, their omission of forward guidance rippled through the global marketplace. Overnight in Asia, Japan’s benchmark Nikkei 225 stock average lost 99.72 points, or 1.1 %, to 8,742.96 and South Korea’s Kospi fell 9.54, or 0.7 %, to 1,333.09.

In Europe, the FTSE 100 index of leading British shares was down 3.04 points, or 0.1 %, at 3,985.95, while Germany’s DAX fell 18.04, or 0.4 %, at 4,538.97. The CAC-40 in France was also down 11.08 points, or 0.4 %, at 2,989.14.

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Foreign Markets

Financials led the world markets in reaction to the Fed Chairmen’s comments and Wall Street’s rally. In midday European trading, the FTSE 100 index of leading British shares was up 50.94 points, or 1.3 %, at 3,867.38, while Germany’s DAX was 66.25 points, or 1.7 %, to 3,962. The CAC-40 in France was 48.16 points, or 1.8 %, higher at 2,756.21.Earlier in Asia, the Japan’s Nikkei 225 stock average jumped 192.66 points, or 2.7 %, to 7,461.22, while the Hang Seng index in Hong Kong rose 1.6 % to 13,005.08

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Foreign Markets

World markets fell overnight as banking losses mount and oil, gold and other commodities fell. The FTSE 100 index of leading British shares was down 68.07 points, or 1.6%, at 4,140.48, while Germany’s DAX fell 34.09 points, or 0.7%. The CAC-40 in France was down 1.3%. Japan’s Nikkei 225 Stock Average lost 0.66% to 8,273.22.

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