German Stocks Get Boost from Nokia Update
European markets ended mixed. In London, the Financial Times-Stock Exchange 100 index emded down 24.20 points, or 0.47%, to 5,160.80. The biggest contributors to the loss in the FTSE included Vodafone, HSBC Holdings, AstraZeneca and Royal Bank of Scotland.
In Germany, the DAX Index finished higher by 21.77 points, or 0.42%, to 5,146.45. The German tech sector and commmunication related shares were somewhat bolstered by news that Nokia might beat fourth quarter earnings as the company gains market share and cuts costs.
In France, the CAC 40 was off 4.35 points lower, or 0.10%, to 4,4551.94.
Canadian markets finished lower, following the sell-off in U.S. stocks after the U.S. central bank lowered interest rates for the eleventh time this year. The benchmark TSE 300 composite finished at 7531.60, down 28.21, or 0.37%.
Asian markets finished with losses. The Nikkei fell 97.10 points, or 0.92%, to 10,473.91. In Hong Kong, the market shed 91.87 points, or 0.78%, to 11,693.05.