European shares hit 29-month highs on tech rally

[bin.dare]

http://www.ireland.com/newspaper/breaking/2004/1203/breaking21.htm

European shares were today led to their highest levels in nearly two-and-a-half years after industry bellwether Intel boosted its quarterly revenue outlook.

...

"Intel's revenue outlook was much better than expected. This is a sector driven by demand and volumes and margins will follow," said Mr Alan Bokobza, European equity strategist at SG Securities in Paris, adding that European chip makers would benefit from Intel's outlook.

The tech sector was up 0.6 per cent, with Dutch chip maker ASML putting on 2.8 per cent and STMicroelectronics gained 2.1 per cent.

...

The unemployment figures due at 1:30 p.m. will be key as markets brace for a much better-than-expected report and economists expect a rise of around 275,000 compared to earlier estimates of a 180,000 increase.

[sr_pacifica]

1. While in the U.S.A.....n/t

[ztn]

2. hmmm