Europe, most Asia-Pacific markets lower on session

| June 26, 2007 | 0 Comments
Europe, most Asia-Pacific markets lower on session

Most Asia-Pacific equities markets saw losses on Tuesday. Only the Sensex and Tokyo’s Topix index were higher on the session, and the Sensex only added 0.09 percent to 14,501.08. In Hong Kong, the Hang Seng index was 0.09 percent lower to 21,803.57. The Sydney Ordinaries dropped 0.33 percent to 5,337.3 in Australia. The Straits Times index in Singapore fell 1.53 percent to 3,525.1. Tokyo’s markets were mixed, with the Nikkei 225 0.1 percent lower to 18,066.11 as the Topix added 0.1 percent to 1,765.87.

The European markets were lower again. The FTSE Eurofirst 300 was 0.6 percent lower to 1,587.87. The IBEX fell 0.63 percent to 14,755.2 in Madrid, while the Paris CAC-40 was down 0.82 percent to 5,953.36 and the Dax dropped 0.88 percent to 7,860.52. In London, the FTSE 100 fell 0.44 percent to 6,559.3 and the FTSE 250 was 0.35 percent lower to 11,537.1.

The New York equities markets were higher at midday. The Dow Jones Industrial Average was up 0.61 percent at mid-session to 13,433.01, while the Nasdaq Composite was 0.39 percent higher to 2,587.07 and the S&P 500 had gained 0.45 percent to 1,504.52. The Russell 2000 index of small and mid-caps was up 0.34 percent to 830.29.

Crude oil prices fell by more than $1 per barrel. Metals prices were also lower on the session.

The yen was broadly stronger, while sterling gained on the US dollar.

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