Centrica leads utility declines on FTSE 100

| July 30, 2009 | 0 Comments
Centrica leads utility declines on FTSE 100

European equities markets were higher Thursday as investors hoped that positive quarterly reports mean that the economy is beginning to recover from the global recession.

In London, the FTSE 100 added 1.85 percent to 4,631.61 while the FTSE 250 was up 2.22 percent to 7,934.63.

Utilities had a down day as gas utility Centrica (LSE: CAN) was down 2.92 percent while Pennon (LSE: PNN) a water utility that also has interests in waste management fell 2.62 percent and water utility Severn Trent (SLE: SVT) dropped 2.06 percent.

The FTSE Eurofirst 300 was down 2.31 percent to 931.72 while the Dax added 1.71 percent to 5,360.66, the IBEX was 2 percent higher to 10,874.4 and the CAC-40 gained 2.08 percent to 3,435.49.

Most markets in the Asia-Pacific region were also higher on the session.

The Nikkei 225 reached a 9-month closing high as it ended up 0.51 percent to 10,165.21 in Tokyo, while the Topix index added 0.71 percent to 936.94 and the Mothers market gained 1.99 percent to 464.73.

The Hang Seng was 0.49 percent higher to 20,234.08 while the Kospi was up 0.68 percent to 1,534.74 and in Australia the Sydney Ordinaries added 1.13 percent to 4,195.9 and the S&P/ASX200 gained 1.15 percent to 4,190.4.

The Straits Times Index was up 1.23 percent to 2,636.19, the Sensex added 1.41 percent to 15,387.96 and the Shanghai Composite gained 1.69 percent to 3,321.56.

In Taiwan, the Taiex was 0.8 percent lower to 7,027.11.

Wall Street was up in early afternoon trade as the Dow Jones Industrial Average was 1.74 percent higher to 9,228.52 while the Nasdaq Composite had added 1.38 percent to 1,994.91 and the S&P 500 was up 1.8 percent to 992.74.

Prices for crude oil, metals and grains were all higher on the session.

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