Euro Strength Worries European Markets

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Author: 123jump.com Staff
123jump.com
Last Update: 4:59 PM EST February 27 2008

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European Union levied a fine of €899 million for the failure to comply with its 2004 antitrust ruling. With this total fine for Microsoft will be €1.68 billion. Investment Corp of Dubai offered €1.85 per share of Immobiliaria Colonia SA or €2.98 billion for the company. Largest construction company, Vinci SA reported 12% rise in earnings in the second half to €847 million and for the year 2007 profit rose 14% to €1.46 billion.

Wheat futures rose 3.55 cents in Chicago trading and closed at $12.50 per bushel. Sugar decreased 8 cents to 14.46 cents per pound. Soybean future closed down 9 cents to $14.75 per bushel.

Dollar edged lower and traded near record lows against euro to $1.5134 and edged lower against yen to 106.32.

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