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Tuesday 06th of January 2009
April 6, 2005

Market moves with mid-week confidence


by Brian Turner
Market moves with mid-week confidence

London markets were up again on Wednesday, but the FTSE 100 gained just 0.1 percent while the FTSE 250 was up 0.8 percent.

Allied Domecq remained unchanged after Tuesday’s huge jump. In Europe, the FTSE Eurofirst 300 ended 0.4 percent higher. Asian markets were also up.

In Tokyo, the Nikkei and Topix indexes each finished 0.5 percent higher, again on the strength of export-dependent stocks such as technology and automobile manufacturing, as well as due to the falling price of crude oil.

The Shanghai composite index rose 1.9 percent after two straight days of losses, as bargain-hunters came out to buy.

In Hong Kong, the Hang Seng index rose 0.4 percent.

At midday, the New York markets were also higher on the strength of falling crude oil prices. The Dow Jones and the S&P 500 each were up 0.5 percent, and the Nasdaq Composite was up 0.6 percent.

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