The UK's benchmark index the FTSE 100 is little changed in early trading at 5904.5 with mining grou...
The UK's benchmark index the FTSE 100 is little changed in early trading at 5904.5 with mining group Billiton 8p higher at 389p after 88% of shareholders of Australian rival BHP voted in favour of a taking over of the UK listed stock.
Tech stocks are depressed thanks to poor trading reports from US firms Agilent Technologies and Palm, who both said quarterly results are likely to disappoint investors. Spirent fell 8p to 305p.
The US tech focused Nasdaq index still gained for a third day yesterday, adding 27.24 points to 2193.68 while the Dow Jones rose 32.66 to 11,248.58 and the Standard & Poor's 500 gained 3.50 to 1288.49.
Hewlett-Packard gained $4.16, as much as 16%, to 30.90 to record its biggest one-day gain since November 1999 on saying second quarter profit will beat the reduced expectations of analysts by a fifth. AOL Time Warner climbed 78 cents to $53.82 saying job cuts are planned following its merger last year.
Financial stock Citigroup lost $1.10 to 50.69 on announcing it has agreed to buy Grupo Financiero Banamex-Accival - the owner of Mexico's second largest bank.
After recording gains for the most of this week Asia's two leading indices today fell. Japan's Nikkei 225 lost 32.90 points to 13,877.77 with losses for NTT down 4.4% to 784,000 yen and Toyota 0.7% down to 4210 yen. In Hong Kong the Hang Seng lost 153.47 to 13,484.40 with HSBC subsidiary Hang Seng Bank 1.1% to HK$88.50 and Cheung Kong subsid Hutchison down 1.7% to HK$85.75.
In Singapore the Strait Times fell 15.88 to 1666.09 with Singapore Technologies 0.8% lower at S$2.58 and Australia's ASX200 0.3% down at 3400.40 with National Australia Bank 1% lower at A$31.18.
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