Poor results drag European markets lower
Friday, 13 March 2009
FRANKFRUIT, Mar 12 (Internet): European markets opened lower again, as some important companies posted disappointing results. US futures also moved lower overnight ahead of the retail sales report
Fertiliser producer K+S declined the most on the German Dax,-10.15 per cent, after it reduced its 2009 earnings forecasts significantly.
On the other hand, Infineon, a company specialising in chip-production, rose almost 10 per cent tonight and led the gains on the German benchmark index.
Fertiliser producer K+S declined the most on the German Dax,-10.15 per cent, after it reduced its 2009 earnings forecasts significantly.
On the other hand, Infineon, a company specialising in chip-production, rose almost 10 per cent tonight and led the gains on the German benchmark index.