Posted on 01/15/2010 12:19:09 AM PST by blam
Tech Shares Shine On Intel, But U.S. Data A Worry
January 15, 2010
By Umesh Desai
HONG KONG (Reuters) - Technology shares jumped in Asia on Friday after better-than-expected earnings from sector bellwether Intel, but stocks elsewhere in the region were largely subdued amid fresh doubts about the strength of the U.S. economic recovery.
Tepid U.S. retail sales data and a rise in jobless claims lifted Treasuries and provided a lead for government bonds in Japan and South Korea as investors bet U.S. interest rates will be kept very low for a prolonged period to give the economy time to get on more solid footing.
European shares were seen inching higher as Intel's results fueled hopes for a strong earnings season. Financial spreadbetters expected Britain's FTSE 100 (FTSE:^FTSE - News) to open 13 to 15 points higher, Germany's DAX (XETRA:^GDAXI - News) to open 6 to 14 points higher, and France's CAC-40 (Paris:^FCHI - News) to open 2 to 9 points higher.
[snip]
Asian stocks are mostly higher as I post. See here.
(Excerpt) Read more at finance.yahoo.com ...
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