Europe, Wall Street decline on session

| June 18, 2007 | 0 Comments
Europe, Wall Street decline on session

Most Asia-Pacific equities markets were higher on Monday. The main exception was in India, where the Sensex dropped 0.58 percent to 14,080.14. Records were set in South Korea, Indonesia, Singapore, Hong Kong, and the Philippines. In South Korea, the Kospi index closed at 1,806.88, a gain of 2 percent and the first time the index exceeded the 1,800 level. The Straits Times index in Singapore closed at 3,623.79, while in Hong Kong the Hang Seng index added 2.69 percent to 12,582.89. Meanwhile, the Shanghai Composite was 2.9 percent higher to 4,253.35, and in Australia, the Sydney Ordinaries were up 0.58 percent to 6,365.3. In Tokyo the Nikkei 225 added 1 percent to 18,149.52, while the Topix index gained 0.9 percent to 1,788.39.

Most European markets were lower on the session. The exception there was Frankfurt’s Xetra Dax, which added 0.07 percent to 8,036.12. The FTSE Eurofirst 300 dropped 0.34 percent to 1,620.28, while the CAC-40 fell 0.3 percent to 6,087.15 in Paris and in Madrid the IBEX was 0.97 percent lower to 15,103.6. In London, the FTSE 100 and the FTSE 250 each dropped 0.43 percent, to 6,703.5 and 11,947.5 respectively.

The New York markets were slightly lower at midday. The Dow Jones Industrial Average and the Nasdaq Composite each were 0.1 percent lower, to 13,631.44 and 2.625.12 respectively. The S&P 500 was down a fraction to 1,532.4.

Crude oil prices were higher on an upcoming strike and more attacks on oil facilities, both in Nigeria. Meanwhile, metals prices were mixed in early afternoon trade in New York, with gold and platinum seeing gains but silver declining slightly.

In currency markets, the yen weakened again while sterling gained strength on rising house prices and indications that interest rates will rise again soon.

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