Europe gets positive push from Intel

Intel has beaten lowered forecasts for its first fiscal quarter results, helping European tech stocks to reach positive territory this morning.

NEWS In Paris, STMicroelectronics was up more than six per cent. The FTSE TechMark 100 has enjoyed a climb of almost three per cent during early trading hours, while in Berlin the DAX was up by almost two per cent. FTSE 100 leviathan Vodafone was also on the up, with gains of more than four per cent. Marconi jumped over nine per cent. Europe awaits the release of first quarter results from mobile phone giants Nokia and Ericsson on Friday.

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