FTSE and Nikkie exchange recoveries
by Brian Turner
The equities markets in Tokyo were mixed on Wednesday.
The Nikkei 225 closed 0.1 percent higher at 10,835.41. This was the first time in over a week that the Nikkei had shown a gain for the day; the previous seven days had produced a cumulative loss of 3.3 percent.
The Topix index, however, fell 0.2 percent to close at 1,109.19.
In Europe, the Eurofirst 300 rose 1.2 percent to close at 1,087.27, a one-month high.
The technology sector put in a strong showing there, as did the chemicals sector. Steel was also strong.
London’s markets were up as well, on a volume of 3.1 billion shares. The FTSE 100 rose to its highest level in a month, adding 1 percent to close at 4,949.4.
The FTSE 250 was up 0.4 percent to 6,857.0. A recovery in the mining sector was instrumental in the day’s good performance in London.
Meanwhile at mid-day in New York, the Dow Jones Industrial Average was up 1.3 percent to 10,467.03 for its third up day in a row.
The S&P was up 0.1 percent to 1,186.91, and the Nasdaq Composite was up 1.4 percent to 2,032.27 on mild inflation figures and new earnings reports.
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