European markets higher in slow trade ahead of holiday closures

| April 30, 2007 | 0 Comments
European markets higher in slow trade ahead of holiday closures

Asian equities markets were lower on Monday. In India, the Sensex dropped 0.26 percent to 13,872.37. The Straits Times index in Singapore fell 0.39 percent to 3,360.02, while the Hang Seng index in Hong Kong was 1.01 percent to 20,318.98. The Tokyo markets were closed for the beginning of the Golden Week holidays, and will be closed on Thursday and Friday as well. Meanwhile in Australia, the Sydney Ordinaries added 0.28 percent to 6,158.3.

Trade was slow in Europe ahead of market closures on Tuesday for the May Day/Labour Day holiday. The FTSE Eurofirst 300 added 0.22 percent to 1,571.15, while the Xetra Dax gained 0.42 percent to 7,408.87 in Frankfurt and the Paris CAC-40 was 0.49 percent higher to 5,960.04. In London, the FTSE 100 added 0.48 percent to 6,449.2 and the FTSE 250 was 0.22 percent higher to 11,929.4.

At midday in New York, the Dow Jones Industrial Average was fractionally higher to 13,125.73 after hitting a new high at 13,156.21 earlier in the session. The Nasdaq Composite, however, had dropped 0.2 percent to 2,551.95, while the S&P 500 was even at 1,494.04.

In the commodities markets, prices for oil and metals were up in early afternoon trade in New York.

In currency markets, emerging markets currencies weakened, as did the US dollar. Yields on US Treasury bonds were lower as prices rose.


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