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And national account's figures out today are expected to show weak economic growth in the last quarter. Economists1 surveyed by Bloomberg are forecasting gross domestic product to have grown by half of a percent in the three months to the end of June. Now that will put the annual rate of economic growth significantly below average at 2.4%.
Technology giant Microsoft is buying Nokia's struggling mobile phone business in a deal worth around 8 billion dollars.
The Finnish company says the deal is the best path forward for Nokia and its shareholders2.
“The Nokia board of directors believe that this transaction creates significant economy value to our shareholders. We expect it will be significantly creative earnings3. It will equally strengthen our financial position. And it will provide a solid basis for future investment in Nokia's continuing businesses.”
Let's go to the markets.
And the Dow closed 24 points higher. The Nasdaq up 23. The S&P 500 7 points up. And in London overnight, the FTSE closed 38 points weaker.
To commodity prices.
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1 economists | |
n.经济学家,经济专家( economist的名词复数 ) | |
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2 shareholders | |
n.股东( shareholder的名词复数 ) | |
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3 earnings | |
n.工资收人;利润,利益,所得 | |
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4 sterling | |
adj.英币的(纯粹的,货真价实的);n.英国货币(英镑) | |
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