Thursday, January 13, 2005
Record US deficit
US record deficit of 60bn started a sell-off in the USD from 1.30 to 1.32 against the EUR and sent markets spiralling downwards. Stoxx50 bottomed at 2917 at 16:50, coming from a level of 2952 at 14:30. SP500 started the day up on the back of a strong Intel report and reached 1188 before crashing down to 1177 where it bounced and closed the day at 1188. UPS warned of weak last-week sales but FedEx reaffirmed its numbers.
Apple beat Q1 expectations with 22c, reporting 70c profit. Shares rose 12% after hours.
Today Infineon warned.
Apple beat Q1 expectations with 22c, reporting 70c profit. Shares rose 12% after hours.
Today Infineon warned.
# posted by Sprezzaturian @ 4:58 PM 
