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Posts Tagged ‘UBS’

Intel Hits Markets with Lack of Guidance

 

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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Stocks Fall as Geitner Prepares to Speak

 

Foreign Markets

Indices overseas were playing a game of wait and see as a big day in Washington is apom us. In Asia, Japan’s Nikkei 225 stock average fell 23.09 points, or 0.3 %, to 7,945.94, while South Korea’s Kospi shed 3.82 points, or 0.3 %, at 1,198.87.The results were no different in Europe, where you had the FTSE 100 index of leading British shares dropped 56.02 points, or 1.3 %, to 4,251.59, while Germany’s DAX fell 82.84 points, or 1.8 %, at 4,583.98. The CAC-40 index in France was 51.17 points, or 1.6 %, lower at 3,083.70.

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