Barclays gains on positive statement

| March 16, 2009
Barclays gains on positive statement

Equities markets were higher in Europe and most of the Asia-Pacific region on Monday as banks saw gains on optimism after Barclays Bank (LSE: BARC; NYSE: BCS; TYO: 8642) said it has had a strong beginning to 2009, adding to good reports recently from several other banks.

The FSTE 100 added 2.94 percent to 3,863.99 in London, while the FTSE 250 gained 1.75 percent to 6,270.31.

Barclays led the 100 with a gain of 22.67 percent on its statements that it has done well to start the year out, and on the news that it might sell its iShares fund management unit.

The FTSE Eurofirst 300 was up 2.42 percent to 719.1 while the Dax added 2.3 percent to 4,044.54, the IBEX was 2.82 percent higher to 7,636.9 and the CAC-40 gained 3.18 percent to 2,791.66.

The only major exception to gains in the Asia-Pacific region came in South Korea, where the Kospi fell 0.05 percent to 1,125.46.

In Tokyo, the Nikkei 225 was up 1.78 percent to 7,704.15 while the Topix index added 2.4 percent to 741.69 and the Mothers market gained 2.98 percent to 293.95.

In Australia the Sydney Ordinaries added 0.08 percent to 3,297.3 while the S&P/ASX200 was up 0.1 percent to 3,348.

The Straits Times Index added 0.56 percent to 1,586.32 while the Shanghai Composite was up 1.15 percent to 2,153.29, the Taiex was 1.51 percent higher to 4,971.32, the Sensex added 2.13 percent to 8,943.54 and the Hang Seng gained 3.6 percent to 12,976.71.

New York markets were mixed in afternoon trade as the Dow Jones Industrial Average was up 1.6 percent to 7,339.31 and the S&P 500 gained 1.54 percent to 768.21 but the Nasdaq Composite dropped 0.06 percent to 1,430.66.

Oil prices were up in New York but lower in London, while most precious metals declined and most base metals were higher.

Grains prices were up on the Chicago Board of Trade.

The pound and the euro both saw gains on the session.

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