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Tech Shares Pressure Europe |
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Author: Elena Todorova
123jump.com
Last Update: 3:04 PM EST January 31 2007
European stocks finished lower on Wednesday, reflecting cautiousness ahead of a U.S. interest rate decision, weakness in the technology sector and losses for car makers after a jump in oil prices. Chipmaker Infineon Technologies shed 1.8%, STMicroelectronics dipped 0.8%. Shares in Peugeot fell 2.4% and DaimlerChrysler AG slipped 1.7%. The U.K. FTSE 100 fell 0.6%, the French CAC 40 declined 0.7%, while the German DAX 30 ended flat at 6,789.11. |
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