European markets see gains on session

| February 26, 2008 | 0 Comments
European markets see gains on session

European equities were higher on Tuesday. The pan-European FTSE Eurofirst 300 was up 1.41 percent to 1,361.18. The Paris CAC-40 was 1.09 percent higher while the Dax added 1.5 percent to 6,985.97 and the IBEX gained 2.13 percent to 13,436.6. In London, the FTSE 100 was up 1.47 percent to 6,087.4 while the FTSE 250 gained 1.06 percent to 10,383.9.

Asia-Pacific equities markets also saw gains. South Korea’s Kospi index traded even at 1,709.13. The Taiex was up 0.26 percent to 8,307.67 while the FTSE Straits Times Index was 0.42 percent higher to 3,077.83. In Australia the S&P/ASX200 added 0.79 percent to 5,666.1 and the Sydney Ordinaries gained 0.81 percent to 5,745.8. India’s Sensex was up 0.88 percent to 17,806.19. The Shanghai Composite was 1.09 percent higher to 4,238.18 while the Hang Seng added 1.92 percent to 23,714.75.

The exception to gains in the region came in Tokyo, where the Nikkei 225 was down 0.65 percent to 13,824.72, the Topix index fell 0.6 percent to 1,347.47 and the Mothers market dropped 1.08 percent to 679.82.

Wall Street saw gains in early afternoon trade. The Dow Jones Industrial Average was 1.12 percent higher to 12,710.89 while the Nasdaq Composite added 1.17 percent to 2,354.62 and the S&P 500 gained 1,384.15.

Crude oil prices again breached the $100 per barrel level. Metals prices saw gains, while grains prices were mixed.

The US dollar weakened while the euro and the South African rand both saw gains.


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