Finally the US GDP revision numbers are on the table and markets were given the green light to hop up a bit again. Intel’s lowered guidance, FED chairman’s speech, strong GB growth number and good old fashioned (and one in which all justifiable valuations are out of the window) bidding war between Dell and HP gave something else for global investors to digest as well. Many talking heads were calling for an utter bloodbath.
Swedish retail sales rose considerably more than expected in July. Lithuanian GDP number shows that the Baltic region might be starting to turn the corner back to growth as well.
The Supreme Administrative Court upheld Market Court’s decision, that Fortum did not get a dominant market position with the acquisition of E.ON Finland in 2006. Nokia’s credit rating might be in jeopardy. It is already paying a higher yield for its bonds than the credit rating would suggest.
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