Weak Nokia Haunts European Stocks

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Market Update :

Weak Nokia Haunts European Stocks

Author: 123jump.com Staff
123jump.com
Last Update: 4:55 PM EDT April 17 2008

European stocks closed mixed after earnings report from Nokia and strong interest in weekly auction at the Bank of England. The weekly auction attracted three times bid to nearly 49 billion pounds as interbank loan market remains seized. Societe Generale replaces its chief executive but keeps him as chairman for now. Nokia drops 14% after it offered weak earnings outlook on strong euro.

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