Unilever down after abandoning targets
European markets were mixed Thursday as London’s indexes saw gains but the rest of the region saw declines.
The FTSE 100 added just 0.01 percent to 4,228.93 in London, but the FTSE 250 managed a gain of 1.1 percent to 6,391.15.
Consumer goods giant Unilever (LSE: ULVR; Euronext: UNA; NYSE: UN) turned in the worst performance on the 100 as it dropped 5.93 percent after it abandoned its targets, citing uncertainties in the economy.
The FTSE Eurofirst 300 was down 0.11 percent to 810.49 while the CAC-40 fell 0.09 percent to 3,066.29, the Dax was 0.39 percent lower to 4,510.49 and the IBEX dropped 0.65 percent to 8,440.2.
Most Asia-Pacific markets were lower on the session.
In Tokyo, the Nikkei 225 was down 1.11 percent to 7,949.65 wile the Topix index fell 0.8 percent to 786.41 and the Mothers market dropped 1.27 percent to 334.63.
The Straits Times Index was down 0.16 percent to 1,704.6 while in Australia the S&P/ASX200 fell 0.27 percent to 3,428.6 and the Sydney Ordinaries dropped 0.29 percent to 3,372.6.
In China, the Shanghai Composite was 0.46 percent lower to 2,098.02 while Taiwan’s Taiex fell 0.61 percent to 4,363.25, the Sensex was down 1.21 percent to 9,090.88 in India and South Korea’s Kospi dropped 1.46 percent to 1,177.88.
The Hang Seng added 0.88 percent to 13,178.9 in Hong Kong.
The Dow Jones Industrial Average was up 0.91 percent to 8,029.3 in afternoon trade in New York while the Nasdaq Composite had added 1.51 percent to 1,537.88 and the S&P 500 had gained 1.33 percent to 843.32.
Crude oil, precious metals, and grains prices were higher on the session but prices for base metals were lower.
The pound saw gains after the Bank of England cut interest rates to 1 percent.
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