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Technology Stocks : Nokia Corp. (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: Puck who wrote (1815)	12/11/2001 8:00:18 AM
From: elmatador	Read Replies (3) \| Respond to of 9255

European markets cheer upbeat Nokia news European stock markets shrugged off a weaker opening to trade slightly firmer on Tuesday afternoon after the Finnish mobile phone giant Nokia (us:nok) said it would meet or exceed fourth quarter earnings estimates. Shares rose 5 per cent higher in Helsinki after trading 3 per cent lower at the open. The company said Q4 EPS would be at the upper end or above the €0.18-0.20 range. Rival Ericsson (se:00010865) also moved into the black, gaining 4 per cent. The indices edged higher after a weak opening with Frankfurt's DAX 30 (de:1876534) 0.7 per cent higher and, in Paris, the CAC 40 (fr:1804546) rising 0.4 per cent and London's FTSE 100 (uk:1805550) trading flat on the day. On the new markets, the Neuer Markt 50 (de:1809455) rose 0.4 per cent and the FTSE TechMARK (uk:1859502) gained 0.1 per cent. Fiat shares plunged 8 per cent after the Italian automaker and engineer announced a restructuring involving 6,000 job cuts. Later tonight, Federal Reserve chairman Alan Greenspan is expected to deliver his 11th rate cut of the year, reducing the key rate by 25 basis points to 1.75 per cent. The upbeat Nokia news also supported expectations for a stronger opening on Wall Street. The Dow Jones Industrial Average (us:djia) is expected to open 40 points stronger and the Nasdaq Composite (us:comp) is seen 19 points firmer, according to spread-betting service IG Index.