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September 11, 2009    

Man Group leads 100 with 9 percent gain

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by Elaine Frei
Man Group leads 100 with 9 percent gain

European equities markets ended higher Friday, with miners up in London.

The FTSE 100 added 0.48 percent to 5,011.47 in London, while the FTSE 250 was up 0.9 percent to 9,207.89.

Brokerage Man Group (LSE: EMG) turned in the best performance on the 100 with as it added 8.89 percent, while Home Retail Group (LSE: HOME) led decliners on the index for the second day in a row and had the worst day in the sector as it dropped 4.72 percent.

The FTSE Eurofirst 300 was up. 0.57 percent to 993.97 while the Dax added 0.52 percent to 5,624.02, the CAC-40 was 0.78 percent higher to 3,734.89 and the IBEX gained 0.99 percent to 11,452.6.

Most markets in the Asia-Pacific region were higher Friday, but in Tokyo the Nikkei 225 was down 0.66 percent to 10,444.33 and the Topix index dropped 0.84 percent to 950.41, although the Mothers market managed a gain of 0.75 percent to 463.19.

The Taiex added 0.07 percent to 7,337.14 while the Sensex was up 0.29 percent to 16,264.3, the Kospi was 0.43 percent higher to 1,651.7, and the Hang Seng gained 0.44 percent to 21,161.42.

In Australia, the Sydney Ordinaries added 0.5 percent to 4,596.3 and the S&P/ASX200 was up 0.55 percent to 4,596.1, while in China the Shanghai Composite gained 2.22 percent to 2,989.79.

The Straits Times Index dropped 0.04 percent to 2,681.03.

Wall Street was lower in midday trade as the Dow Jones Industrial Average was down 0.4 percent to 9,588.79 at just past 12:30 p.m. in New York while at the same time the Nasdaq Composite had fallen 0.52 percent to 2,073.22 and the S&P 500 was 0.34 percent lower to 1,040.61.

Crude oil prices, as well as grains and most base metals were lower on the session, but precious metals saw gains on the session.

The US dollar was weaker early on a boost in US consumer confidence, but the greenback gained back some of its declines after a US Coast Guard exercise in the Potomac River that was not reported to other agencies in advance created a scare on the anniversary of the 9/11 attacks on New York and Washington, D.C.

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