Anglo American up, Fresnillo down in mixed day for miners

| July 13, 2009 | 0 Comments
Anglo American up, Fresnillo down in mixed day for miners

Equities markets were higher in Europe Monday as financial sectors, including insurers, saw gains on the session.

The FTSE 100 was up 1.82 percent to 4,202.13 in London, while the FTSE 250 added 1.31 percent to 7,278.8.

Miners were mixed, with Anglo American (LSE: AAL) adding 2.69 percent for the best performance in the sector, but miners also took four of the top spots in the 100’s list of losing companies as Fresnillo (LSE: FRES) was down 2.39 percent, Xstrata (LSE: XTA) fell 2.35 percent, Lonmin (LSE: LMI) was 1.4 percent lower and Kazakhmys (LSE: KAZ) dropped 0.51 percent.

The FTSE Eurofirst 300 was up 1.71 percent to 828.18 while the CAC-40 added 2.31 percent to 3,052.08, the IBEX was 2.38 percent higher to 9,567.4 and the Dax gained 3.19 percent to 4,722.34.

Asia-Pacific markets were lower on the session.

In Tokyo the Nikkei 225 was down 2.55 percent to 9,050.33 while the Topix index fell 2.3 percent to 852.42 and the Mothers market dropped 9.83 percent to 388.39.

The Sensex was 0.77 percent lower to 13,400.32 while the Shanghai Composite fell 1.07 percent to 3,080.56 and in Australia the Sydney Ordinaries dropped 1.39 percent to 3,738 and the S&P/ASX200 was 1.49 percent lower to 3,737.5.

The Straits Times Index was down 1.79 percent to 2,266.64, the Hang Seng fell 2.56 percent to 17,254.63 and the Taiex and Kospi each dropped 3.53 percent on the session, to 6,530.82 and 1,378.12 respectively.

New York markets were up in early afternoon trade as the Dow Jones Industrial Average had added 1.61 percent to 8,277.34 by just past 1 p.m. local time, while at the same time the Nasdaq Composite was up 1.31 percent to 1,778.97 and the S&P 500 had gained 1.73 percent to 894.36.

Crude oil prices were mixed, with WTI down again but Brent crude seeing slight gains.

Metals prices were higher, except for palladium, while grains prices were mixed but mostly up.

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