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Sunday 12th of October 2008
April 26, 2007

London markets see gains on session


by Elaine Frei
London markets see gains on session

Equities markets in the Asia and Pacific regions saw gains on Thursday. After a day off yesterday for the Anzac Day holiday, the Sydney Ordinaries added 0.26 percent to 6,189.4. In India, the Sensex gained 0.08 percent to 14,228.88. Meanwhile, in Hong Kong, the Hang Seng index was 0.64 percent higher to 20,66 7.29, while the Straits Times Index in Singapore was up 1.31 percent to 3,406.89. In Tokyo, the Nikkei 225 was 1.1 percent higher at the close, to 17,429.17, while the Topix index added 1 percent to 1,703.41.

The European markets were mostly higher. The exception was the CAC-40, which dropped 0.05 percent to 5,944.44. The FTSE Eurofirst 300 added 0.12 percent to 1,575.89, while in Frankfurt the Xetra Dax gained 0.6 percent to 7,387.02. The London markets also saw gains, with the FTSE 100 up 0.12 percent to 6,469.4 and the FTSE 250 closing at 11,934.6, 0.26 percent higher on the session.

Wall Street was slightly higher at midday. The Dow Jones Industrial Average was up 0.08 percent to 13,100.3, while the Nasdaq Composite added 0.16 percent to 2,551.99 and the S&P 500 gained 0.07 percent to 1,494.31.

Among commodities, crude oil prices were lower on hope that tensions over Iran’s nuclear ambitions might ease. Metals prices were also lower on the day, with gold falling significantly.

The yen was weaker as investors continued to use it to finance carry trades, while the New Zealand dollar fell after the central bank there raised interest rates. The US dollar was stronger. Yields on US Treasury bonds were higher at mid-afternoon in New York.

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