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07/06/2002
Intel profits warning tips tech shares lower
A profits warning by computer chip manufacturer Intel has assisted a major slide in world stock markets taking the share market to its lowest level since October last year.
Markets dipped sharply when Intel warned shareholders that profits were likely to be disappointing, and by lunchtime on Friday the FTSE 100 had hit a low edging on its way to 4,900 points.
Again the leading techs shares suffered as Intel, the world's largest maker of computer chips, seen as a barometer for the sector, indicated that profits for April would fall below forecasts.
Other shares hit hard were telecoms with Nokia reaching a three-year low and Ericsson plumbing a seven year low.
Pessimistic market analysts were predicting worse was to come as several tech and telecoms shares shed up to 5% and Vodafone dropped 6% to five year low.
However, there was better news on the economic front as Japan revealed the best growth performance in two years indicating a recovery from recession. This news was tempered by analysts who warned that a medium-term economic recovery was not likely to be sustainable, despite the low value of the Yen which was helping the performance of the Japanese economy.
Meanwhile, the US unemployment rate showed an unexpected fall of just under 6% in May from the previous month's eight-year high. However, economists reported continued concern among employers about the pace of recovery in the US economy which was impacting on the willingness of employers to take on staff.
(SP)
Markets dipped sharply when Intel warned shareholders that profits were likely to be disappointing, and by lunchtime on Friday the FTSE 100 had hit a low edging on its way to 4,900 points.
Again the leading techs shares suffered as Intel, the world's largest maker of computer chips, seen as a barometer for the sector, indicated that profits for April would fall below forecasts.
Other shares hit hard were telecoms with Nokia reaching a three-year low and Ericsson plumbing a seven year low.
Pessimistic market analysts were predicting worse was to come as several tech and telecoms shares shed up to 5% and Vodafone dropped 6% to five year low.
However, there was better news on the economic front as Japan revealed the best growth performance in two years indicating a recovery from recession. This news was tempered by analysts who warned that a medium-term economic recovery was not likely to be sustainable, despite the low value of the Yen which was helping the performance of the Japanese economy.
Meanwhile, the US unemployment rate showed an unexpected fall of just under 6% in May from the previous month's eight-year high. However, economists reported continued concern among employers about the pace of recovery in the US economy which was impacting on the willingness of employers to take on staff.
(SP)
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FTSE drops to three-year low
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21 September 2001
Shares rebound sharply from five-year low
The London share market has rebounded sharply from a period of freefall in early morning trading. At one point it looked as though investors were prepared to abandon shares in favour of government bonds and other assets viewed as safe bets in time of war, but markets bucked this trend during a fierce turnaround in afternoon trading.
Shares rebound sharply from five-year low
The London share market has rebounded sharply from a period of freefall in early morning trading. At one point it looked as though investors were prepared to abandon shares in favour of government bonds and other assets viewed as safe bets in time of war, but markets bucked this trend during a fierce turnaround in afternoon trading.
27 September 2001
Marconi shares hit all-time low as company rated “worthless”
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Marconi shares hit all-time low as company rated “worthless”
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Banks Shares Up, Euro Down
Shares in Irish Banks have soared in the aftermath of €85 billion bailout agreement, despite the Euro floundering at a two month low. At one point today, Irish Life and Permanent made a 61% jump, but has now slipped back slightly. Bank of Ireland, the country’s largest lender, made a 19% recovery at 10.
23 September 2011
World Markets Face Financial Melt-down
Although global stock markets had this morning reversed a dangerous slide into what was potentially a second worldwide crisis, European shares have since fallen further as investors continued to worry about the outlook for the global economy.
World Markets Face Financial Melt-down
Although global stock markets had this morning reversed a dangerous slide into what was potentially a second worldwide crisis, European shares have since fallen further as investors continued to worry about the outlook for the global economy.
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