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Friday 20th of June 2008
December 3, 2007

European equities see declines


by Elaine Frei
European equities see declines

Europe’s equities markets were lower on Monday‘s session. The FTSE Eurofirst 300 dropped 0.4 percent to 1,520.55. In Madrid the IBEX fell 0.16 percent to 15,735 while the Dax was down 0.42 percent to 7,837.26 in Frankfurt and the Paris CAC-40 was 0.42 percent lower to 7,837.26. In London, the FTSE 100 dropped 0.71 percent to 6,386.6 while the FTSE 250 was down 1.76 percent to 10,560.

Equities markets in the Asia-Pacific region were mixed, with most moves in either direction limited. Among gainers, the Straits Times index added 0.01 percent to 3,521.56 in Singapore. Australia’s S&P/ASX200 was also up 0.01 percent to 6,533.5 while the Sydney Ordinaries gained 0.05 percent to 6,597.2. Hong Kong’s Hang Seng index was 0.05 percent higher to 28,658.42, while the biggest gains on a major index came in India where the Sensex jumped 1.24 percent to 19,603.41.

Among losers, Taiwan’s Taiex dropped 0.03 percent to 8,583.84 while the Shanghai Composte was down 0.07 percent to 4,868.61. The Kospi index fell 0.19 percent to 1,902.43 in South Korea.

Tokyo’s markets were mixed as the Nikkei 225 fell 0.33 percent to 15,628.97 but the Topix index added 0.02 percent to 1,532.16 and the Mothers market of small and mid-caps gained 3.81 percent to 920.63.

On Wall Street just before the close, the Dow Jones Industrial Average was 0.49 percent lower to 13,305.87 while the Nasdaq Composite had dropped 0.89 percent to 2,637.15 and the S&P 500 was down 0.67 percent to 1,471.2.

Crude oil prices and prices on precious metals were higher, but base metals prices were higher. Grains prices were mixed.

In the forex markets the yen and sterling both saw gains but the US dollar weakened.

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