European markets mixed

| August 27, 2007 | 0 Comments
European markets mixed

European markets were mixed on Monday. The FTSE Eurofirst 300 added 0.33 percent to 1,514.43, while in Paris the CAC-40 gained 0.38 percent to 5,590.54. On the other hand, Madrid’s IBEX fell 0.2 percent to 14,305.5 while the Dax dropped 0.28 percent to 7,485.99 in Frankfurt. London’s markets were closed for a public holiday.

Equities markets in the Asia-Pacific region were up on the day, with new records set in both Hong Kong and on the Shanghai Composite. The Hang Seng index added 2.86 percent to a new record close of 23,577.73 after adding 12 percent last week, while the Shanghai Composite hit a new record during the session but settled back to close at 5,150.12, a gain of 0.83 percent on the day.

Elsewhere in the region, the Taiex was up 0.32 percent to 8,718.31 in Taiwan, while South Korea’s Kospi index added 0.65 percent to 1,803.03. In Australia the S&P/ASX200 was up 1.59 percent to 6,185.2 and the Sydney Ordinaries gained 1.61 percent to 6,184.9 on gains in the mining and retail sectors. The Straits Times index was 1.7 percent higher to 3,388.44 in Singapore. The biggest mover on the day was the Sensex, which advanced 2.89 percent to 14,842.38. Gains in Tokyo were less exuberant, with the Nikkei 225 0.32 percent higher to 16,301.39. The Topix index added 0.12 percent to 1,587.76 and the Mothers market of small and mid-caps was up 0.59 percent to 731.08.

The New York equities markets were lower in early afternoon trade after new data showed existing home sales dropped and inventories were higher in July. The Dow Jones Industrial Average was 0.22 percent lower to 13,349.93, while the Nasdaq Composite had dropped 0.49 percent to 2,564.19 and the S&P 500 fell 0.63 percent to 1,469.99.

Crude oil prices were mixed, with Brent crude lower but West Texas Intermediate slightly higher in early afternoon trade. Metals prices were mixed.

The yen gained on the US dollar and the euro, while the Australian and New Zealand dollars both saw gains, but trade was light with London markets closed.

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