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Lloyds up, Barclays down in mixed day for London banks

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by Elaine Frei
Lloyds up, Barclays down in mixed day for London banks

Equities markets in Europe were higher Monday on a rise in new home sales of 11 percent in the United States in June from the previous month, which seemed to indicate that the housing slump there is beginning to ease.

In London, the FTSE 100 added 0.21 percent to 4,586.13 but the FTSE 250 dropped 0.78 percent to 7,876.86.

Banks were mixed as Lloyds Banking Group (LSE: LLOY) was up 6.85 percent but Barclays (LSE: BARC; NYSE: BCS; TYO: 8642) dropped 3.49 percent.

The FTSE Eurofirst 300 was up 0.3 percent to 910.1, its highest close since November 10, while the CAC-40 added 0.18 percent to 3,372.36, the Dax was 0.42 percent higher to 5,251.55 and the IBEX gained 1.47 percent to 10,591.7.

Markets in the Asia-Pacific region were mostly higher on the session.

The Nikkei 225 added 1.45 percent to 10,088.66 in Tokyo, climbing for the ninth session in a row for its longest series of gains since 1988, while the Topix index was up 0.85 percent to 928.26 but the Mothers market dropped 0.27 percent to 455.88.

Elsewhere in the region, the Taiex added 0.79 percent to 7,028.42 while in Australia the S&P/ASX200 was up 1.22 percent to 4,139.6 and the Sydney Ordinaries gained 1.23 percent to 4,147.8 and the Hang Seng was 1.35 percent higher to 20,251.62 in Hong Kong.

The Kospi added 1.43 percent to 1,524.05, the Straits Times Index was up 1.71 percent to 2,576.66 and the Shanghai Composite gained 1.86 percent to 3,435.21.

In India, the Sensex dropped 0.03 percent to 15,375.04.

On Wall Street, the Dow Jones Industrial Average was 0.48 percent lower to 9,050.01 in early afternoon trade while the S&P 500 had fallen 0.4 percent to 975.32 and the Nasdaq Composite was down 0.64 percent to 1,953.28.

Crude oil and metals prices were higher, while grains prices were little changed.

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News posted: July 27, 2009

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