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Quarter profits beating estimates. Let us know what you think of our stories. Follow me on twitter rishaadtv, use trendingbusiness. Market action. David the picture looking like this. Stocks under pressure, limited upside to markets. , aan getting sold off function of dollaryen strengthening. That is where we are at the moment. Looking at all these external headwinds for the country, it is easy to understand why 60 billion have been pulled out of this market. It doesnt stop there, so we will continue to track this. China, jobs out of out of australia, philippines gdp print. The yen complicating matters on the trade front on the heels of secondquarter gdp missing the mark, the economy struggling despite the massive monetary and fiscal stimulus in place. It is an ugly set of numbers, isnt it . Pretty woeful data from japan, exports struggling, imports as well. ,xports for july falling 14 the 10th month of contraction. The worst fall in seven years. Overseas shipments to the u. S. Falling ....
Bouncing back from profit warnings saying it will cut spending and step up asset sales this year. Spains economic continues to pick up the pace. Good news in germany where the jobless numbers fall faster than expected. And hanging up on hand sets, google gets out of the business of making smartphones, selling its money, using the motorola unit to lenovo for nearly 3 billion. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. A very good morning to you. We concluded the feds last meeting. Ben bernanke as expected was a 10 billion taper once again. And not a huge amount of deception from the fomc. Equities following asia and the u. S. Lower, the dow down 189 points. Down to lows we havent seen since november 7th. The s p down to december 9th lows. Its a huge number of individual stocks to look at. How does that translate into the indices . The ftse 100 was down some 28 points. Its down anot ....
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