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Weak Earnings from Unibail, Unilever, Glaxo |
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Author: 123jump.com Staff
123jump.com
Last Update: 5:15 PM EST February 07 2008
European markets fell across the region after the talks of rising inflation and weakening economic prospects unnerved the market. The ECB left its key rates unchaged to 4% and indicated that rising food and energy prices may protract short term inflation. The Bank of England lowered rates by 0.25% to 5.25%. Unibail Rodamco dropped 55% on $2 billion asset write down. Unilever reported weak earnings and indicated that outlook in Europe and the U.S. is soft. |
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