European markets end mixed

| May 8, 2008 | 0 Comments
European markets end mixed

Europe’s markets were mixed Thursday, with the FTSE Eurofirst 300 down 0.2 percent to 1,359.37 as the Dax fell 0.06 percent to 7,071.9 and the CAC-40 dropped 0.39 percent to 5,055.58.

Madrid’s IBEX, however, added 0.34 percent to 14,074.

London’s markets were higher as the FTSE 100 added 0.16 percent to 6,270.8 and the FTSE 250 gained 0.97 percent to 10,549.8.

Tokyo’s equities markets were also mixed as the Nikkei 225 was down 1.13 percent to 13,943,26 and the Topix index fell 1.46 percent to 1,372.95, but the Mothers market of small and mid-caps jumped 5.19 percent to 659.09.

Elsewhere in the Asia-Pacific region, Australian markets were higher, with the Sydney Ordinaries adding 0.75 percent to 5,800.9 and the S&P/ASX200 was up 0.97 percent to 5,723.2 while in China the Shanghai Composite was 2.17 percent higher to 3,656.84.

In South Korea, the Kospi index was down 0.32 percent to 1,848 while the Hang Seng was 0.63 percent lower to 25,449.79 in Hong Kong, Taiwan’s Taiex fell 0.67 percent to 8,866.62, India’s Sensex declined 1.49 percent to 17,080.65, and the Straits Times Index dropped 1.77 percent to 3,171.88 in Singapore.

Wall Street was higher in early afternoon trade, with the Dow Jones Industrial Average up 0.33 percent to 12,856.28 while the Nasdaq Composite added 0.41 percent to 2,448.6 and the S&P 500 gained 0.17 percent to 1,394.96.

Crude oil prices were down slightly in afternoon trade, while metals prices were mixed with precious metals higher but most base metals lower.

Grains prices, including rice, wheat, corn and soybeans, were higher in afternoon trade.

The dollar declined versus the euro, pound, and yen after the European Central Bank and Bank of England both held interest rates steady and investors backed away from carry trades financed by the yen.

Tags: CAC-40, crude oil, , Dax, Dow Jones Industrial Average, , FTSE 250, IBEX, Nasdaq Composite, Nikkei 225, S&P 500,


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