|
|
Article: Nokia losses put damper on market exuberance
- Article from:
- The Irish Times
- Article date:
- October 16, 2009
CopyrightCopyright 2009 The Irish Times. Provided by ProQuest LLC. (Hide copyright information)
|
Eurostoxx 50: 2,939.09 (-11.75) Paris CAC: 3,883.83 (+1.16)
Frankfurt DAX: 5,830.77 (-23.37)
EUROPEAN STOCKS ended slightly higher yesterday, helped by
takeover fever in the retail sector, but gains were limited by
Nokia's surprise loss and big writedown, which knocked tech shares.
The FTSEurofirst 300 index of top European shares closed the
roller-coaster session 0.1 per cent higher at 1,017.26 points, after
rising to as high as 1,024.34, a level not seen since October 7th,
2008.
Retail stocks rose, with J Sainsbury jumping 10 per cent on
market talk that Qatar's sovereign wealth fund was planning a
renewed offer for the British grocer, after a previous bid attempt
failed in 2007.
The MA ...