Lloyds Bank adds 8.87 percent; Barclays drops 10 percent

| January 22, 2009 | 0 Comments
Lloyds Bank adds 8.87 percent; Barclays drops 10 percent

European equities markets were mostly lower Thursday, but London markets were mixed on the session as the FTSE 100 dropped 0.19 percent to 4,052.23 but the FTSE 250 added 0.12 percent to 6,167.13.

For a second day in a row, banks took the top spot in both the winners’ and losers’ columns on the 100 as Lloyds Banking Group (LSE: LLOY) added 8.87 percent but Barclays Bank (LSE: BARC; NYSE: BCS; TYO: 8642) dropped 10.44 percent after losing over 9 percent yesterday.

The FTSE Eurofirst 300 was 0.83 percent lower to 762.79 while the IBEX fell 0.87 percent to 8,159.3, the Dax was down 0.98 percent to 4,219.42 and the CAC-40 dropped 1.24 percent to 2,869.62.

Asia-Pacific region equities markets saw gains on the session.

In Tokyo the Nikkei 225 was up 1.9 percent to 8,051.74 while the Topix index added 1.11 percent to 795.91 and the Mothers market gained 0.95 percent to 327.7.

Elsewhere in the region the Straits Times Index was up 0.25 percent to 1,708.77, the Sensex added 0.39 percent to 8,813.84, the Hang Seng was 0.59 percent to 12,657.99, the Shanghai Composite gained 1 percent to 2,004.95 and the Kospi was up 1.14 percent to 1,116.23.

In Australia the Sydney Ordinaries added 1.09 percent to 3,431.9 while the S&P/ASX200 gained 1.28 percent to 3,486.8.

In afternoon trade in New York, the Dow Jones Industrial Average dropped 2.45 percent to 8,026.59 while the Nasdaq Composite was down 3.17 percent to 1,459.29 and the S&P 500 was 2.46 percent lower to 819.53.

Crude oil prices fell as the US Energy Information Administration reported that US inventories rose more than expected last week, while precious metals prices rose but copper and grains prices declined.

The yen made gains against the pound and the US dollar.

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