Barratt Developments leads house builders higher in London

| April 8, 2009 | 0 Comments
Barratt Developments leads house builders higher in London

Most European equities markets were higher Wednesday.

London’s markets, however, ended slightly lower on the session despite gains for property developers and house builders as the FTSE 100 dropped 0.13 percent to 3,925.52 while the FTSE 250 ended 0.02 percent lower to 6,718.41.

Barratt Developments (LSE: BDEV) was up 8.46 percent on the 250, while Redrow (LSE: RDW) added 8.22 percent and Taylor Wimpey (LSE: TW) was 8.18 percent higher, while over on the 100 British Land (LSE: BLND) was up 7.24 percent, Land Securities Group (LSE: LAND) added 5.85 percent and Liberty International (LSE: LII) gained 5.57 percent.

The FTSE Eurofirst 300 added 0.11 percent to 761.5 while the CAC-40 was up 0.65 percent to 2,921.06, the IBEX was 0.7 percent higher to 8,404.7 and the Dax gained 0.82 percent to 4,357.92.

Most Asia-Pacific equities markets, on the other hand, were lower on the session.

In Tokyo, the Nikkei 225 was down 2.69 percent to 8,595.01 while the Topix index fell 2.08 percent and the Mothers market dropped 0.92 percent to 312.47.

The Straits Times Index was down 1.02 percent to 1,783.96 while in Australia the Sydney Ordinaries fell 2.22 percent to 3,567.5 and the S&P/ASX200 dropped 2.34 percent to 3,619.5.

Taiwan’s Taiex fell 2.39 percent to 6,443.56, the Kospi was down 2.93 percent to 1,262.07, the Hang Seng was 3.04 percent lower to 14,474.86 and the Shanghai Composite dropped 3.76 percent to 2,347.38.

The Sensex added 1.97 percent to 10,742.34 in India.

New York equities markets were higher in early afternoon trade as the Dow Jones Industrial Average added 0.87 percent to 7,857.5, the Nasdaq Composite was up 1.74 percent to 1,588.84 and the S&P 500 was 1.22 percent highr to 825.49.

Crude oil and metals prices were higher on the session while grains prices were mixed.

The Japanese yen made gains as investors shied away from risky currency deals.

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