European equities markets see declines

| April 24, 2007 | 0 Comments
European equities markets see declines

In the Asia and Pacific regions on Tuesday, equities markets were again mixed. The Sydney Ordinaries were lower, dropping 0.31 percent to 6,173.3. Elsewhere, the Hang Seng index in Hong Kong closed 0.08 percent higher to 20,572.52, while in India the Sensex gained 1.5 percent to 14,136.72. In Tokyo, the markets saw very little movement, with the Nikkei 225 closing at 17,451.77, down just 0.02 percent, and the Topix index ending the session up 0.03 percent to 1,706.16.

The European equities markets were lower on the session. The FTSE Eurofirst 300 dropped 0.86 percent to 1,564.42, while the CAC-40 was 0.53 percent lower to 5,886.03 in Paris and the Xetra Dax dropped 0.89 percent to 7270.32 in Frankfurt. In London, the FTSE 100 was down 0.77 percent to 6,429.5, while the FTSE 250 fell 0.9 percent to 11,816.9.

At midday in New York, the Dow Jones Industrial Average was up 0.17 percent to 12,941.91, while the Nasdaq Composite had dropped 0.17 percent to 2,519.31 and the S&P 500 was 0.15 percent lower to 1,478.75.

Among commodities, Brent crude was a bit higher at early afternoon in London but fell by the close of trade, while by early afternoon in New York West Texas Intermediate front-month contracts were lower. Metals prices were lower on the New York exchanges in early-afternoon reports.

The Australian dollar was weaker after producer and consumer price inflation data were weaker than had been anticipated, making it less likely that the Reserve Bank of Australia will raise interest rates when it meets next week.

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