Liberty International leads gains on 100

| November 13, 2009 | 0 Comments
Liberty International leads gains on 100

Most European equities markets were higher Friday on some good quarterly reports that induced investors to mostly ignore a report which showed that consumer sentiment in the US was lower in early November.

The Reuters/University of Michigan survey showed that sentiment was down to 66 in November from 70.6 in October.

The FTSE 100 was up 0.38 percent to 5,296.38 in London, while the FTSE 250 added 0.84 percent to 9,373.74.

The real estate sector saw gains as Liberty International (LSE: LII) added 3.92 percent on the 100 for the best performance of the day on that index, followed by British Land Co. (LSE: BLND) with a gain of 2.79 percent while Hammerson (LSE: HMSO) was up 2.32 percent.

In related sectors, house builder Taylor Wimpey (LSE: TW) added 4.96 percent on the 250 and building materials group Wolseley (LSE: WOS) was up 2.34 percent on the 100.

Bill payment service PayPoint (LSE:PAY) was the best performer in London as it added 7.19 percent to lead gainers on the 250.

Banks and the financial services sector were mixed as money broker Tullett Prebon (LSE: TLPR) turned in the worst performance on the 250 and in London generally with a decline of 12.47 percent, while over on the 100, money broker ICAP (LSE: IAP) dropped 2.65 percent.

In the insurance sector, Resolution (LSE: RSL) dropped 3.65 percent for the worst performance of the day on the 100.

Most miners saw declines, led by Eurasian Natural Resources (LSE: ENRC) with a decline of 2.59 percent on the 100.

Markets in the Asia-Pacific region were mixed on the session.

In Tokyo, the Nikkei 225 fell 0.35 percent to 9,770.31 while the Topix index was down 0.1 percent to 866.8 and the Mothers market dropped 2.27 percent to 390.74.

The oil sector and miners were lower after oil prices declined Thursday on a report from the US Energy Information Administration showing that US inventories of crude oil, gasoline and distillates such as heating oil and diesel fuel were up last week.

Nippon Mining Holdings (TYO: 5016), which has interests in oil and copper mining, was down 1.4 percent while AOC Holdings (TYO: 5017) fell 2.3 percent and Japan Petroleum Exploration (TYO: 1662) dropped 2.9 percent on the session.

South Korea’s Kospi was also lower, dropping 0.05 percent to 1,571.99 while the Taiex was down 0.07 percent to 7,665.63 in Taiwan.

In Australia, the Sydney Ordinaries fell 0.75 percent to 4,722.6 while the S&P/ASX 200 dropped 0.87 percent to 4,706.4.

Gainers in the region included the Straits Times Index, which was up 0.04 percent to 2,727.23 while the Shanghai Composite added 0.46 percent to 3,187.65, the Hang Seng was 0.7 percent higher to 22,553.63 and the Sensex gained 0.92 percent to 16,848.83.

At just past 12:30 p.m. in New York, the Dow Jones Industrial Average was up 1.03 percent to 10,302.52 while at the same time the Nasdaq Composite had added 1.05 percent to 2,171.59 and the S&P 500 was 0.97 percent higher to 1,097.79.

The price of crude oil was slightly lower just before noon in New York, while gold and copper prices were higher at midday.

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