Nordic markets were lower for the day but recovered a long way from session lows in the last two hours. Swedish home gateway solution provider Tilgin AB announced another contract from Telekom Srbija and rose 26% on the news. Profit warning from the South Korean steelmaker Posco weighed in on the stocks in the sector. Rautaruukki also announced it is to waive a vendor note relating to the divestment of Ovako in 2006 in return for ownership of around 2.2 per cent in the company. The company will write down 33 million Euro as a result.
In news from the other side of the Atlantic affecting tomorrow’s trading, another round of quantative easing from the FED is now taken as almost a certainty. The global chipmaker Intel reported better than expected earnings after closing and deep-water drilling moratorium has been lifted in the Gulf of Mexico.
No comments:
Post a Comment