European markets see gains

| June 17, 2008 | 0 Comments
European markets see gains

Europe’s markets were higher Tuesday, with the FTSE Eurofirst 300 adding 0.55 percent to 1,269.86 while the IBEX was up 0.46 percent to 12,885.1, the CAC-40 was 0.61 percent higher to 4,686.33 and the Dax gained 0.98 percent to 9,796.16.

In London, the FTSE 100 added 1.16 percent to 5,861.9 and the FTSE 250 gained 0.92 percent to 9,723.9.

Equities markets in the Asia-Pacific region were mixed.

Among gainers, the Hang Seng added 0.12 percent to 23,057.99 and the Taiex was up 0.39 percent to 8,201.79.

In Australia, the Sydney Ordinaries gained 0.91 percent to 5,525.9 and the S&P/ASX200 was 0.95 percent higher to 5,422.7 while in India the Sensex jumped 1.96 percent to 15,696.9.

Decliners included the Straits Times Index, which was down 0.29 percent to 3,028.24, while South Korea’s Kospi index fell 0.57 percent to 1,750.71 and the Shanghai Composite dropped 2.76 percent to 2,794.75.

Tokyo’s markets were mixed, with the Nikkei 225 down 0.04 percent to 14,348.37 but the Topix index adding 0.02 percent to 1,401.98 and the Mothers market of small and mid-caps gaining 2.51 percent to 617.54.

Early afternoon trade on Wall Street found US markets lower, with the Dow Jones Industrial Average down 0.65 percent to 12,189.37 while the Nasdaq Composite and the S&P 500 were each down 0.41 percent, to 2,464.61 and 1,354.6 respectively.

Crude oil prices were down slightly and metals prices were mixed in afternoon trade in New York, while grains prices were up on the Chicago Board of Trade.

The US dollar was lower in late morning trade, while the yen and the pound were also both weaker.

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