In the UK the FTSE 100 Index has closed a fraction of a point down to 5314.70, led by Imperial Chemical Industries.
The chemical firm lost 7p to 289.5p, after analysts cut its stock rating from ‘buy’ to ‘hold’. Imperial Chemical Industries gained as much as 10% yesterday on the back of a surge in profit.
Retailer Kingfisher, with stores including Woolworths, Superdrug and B&Q has dropped 6p to 248.25p.
High street bank Barclays added 17p or 3% to 576p, after posting earnings that beat analysts' estimates.
International Power added 4.75p to 225.25p, after recording an 84% increase in first-half profit, boosted by further integration of two power plants, and improving UK and US power prices. The firm has also upped its earnings guidance for 2005.
In the US the Dow Jones has leaked a further 47 points to 10563.29 in its morning session, led by Coca-Cola.
The world famous drinks brand has shed $0.50 to $43.86.
Technology firm SBC Communications slipped $0.27 to $24.47.
Leading gains, pharmaceuticals firm, Merck & Co has added $0.45 to $30.79.
Microsoft also advanced $0.19 to $27.51, after naming a Wal-Mart Stores executive to serve as its chief operating officer.IFAonline
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