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Saturday 19th of February 2011
April 22, 2009    

Auto retailer Inchcape leads 250

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by Elaine Frei
Auto retailer Inchcape leads 250

European equities markets saw gains Wednesday as banks and miners saw gains.

The FTSE 100 added 1.08 percent to 4,030.66 in London, while the FTSE 250 was up 2.47 percent to 7,159.96.

Most UK retailers saw gains, led on the 250 by auto retailer Inchcape (LSE: INCH), which added 19.67 percent for the best performance of the day in London, followed by video games retailer Game Group (LSE: GMG) with a gain of 12.8 percent and sporting goods retailer Sports Direct International (LSE: SPD), which was up 12.65 percent.

The FTSE Eurofirst 300 added 0.85 percent to 794.25 while the CAC-40 was up 1.72 percent to 3,025.24, the Dax was 2.06 percent higher to 4,594.42 and the IBEX gained 2.53 percent to 8,834.1.

Markets in the Asia-Pacific region were mixed again.

In Tokyo, the Nikkei 225 added 0.18 percent to 8,727.3 but the Topix index was down 0.09 percent to 829.96 and the Mothers market dropped 0.26 percent to 321.84.

Other gainers in the region included the Taiex, which added 0.08 percent to 5,886.11 while the Kospi gained 1.44 percent to 1,356.02.

In Australia, the Sydney Ordinaries fell 0.16 percent to 3,627.2 and the S&P/ASX200 was down 0.25 percent to 3,668.2.

The Sensex was 0.74 percent lower to 10,817.54 while the Straits Times Index was down 0.74 percent, the Straits Times Index fell 2.32 percent to 1,843.41, the Hang Seng was 2.67 percent lower to 14,878.45 and the Shanghai Composite dropped 2.94 percent to 2,461.35.

Wall Street was mixed in early afternoon trade as the Dow Jones Industrial Average was 0.19 percent lower to 7,954.51 but the S&P 500 had added 0.26 percent to 852.27 and the Nasdaq Composite had gained 1.05 percent to 1,661.18.

Crude oil prices were lower right after the US Energy Information Administration said that inventories were up last week by more than had been expected.

Precious metals prices were up but copper declined, while grains prices were mixed on the Chicago Board of Trade.

The pound weakened on new data and on comments to Parliament from the Chancellor of the Exchequer.

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