European markets halt their slide

Published: 16 August 2004 y., Monday
European stock markets slid on Friday amid profit taking in the oil sector but managed to end off their lows as Wall Street rebounded from Thursday's sell-off, encouraged by Dell's quarterly figures and outlook. The British FTSE 100 index fell by 0.61 percent to 4,301.5 points, the German DAX 30 dropped 0.30 percent to 3,646.99 and the French CAC 40 slipped 0.27 percent to 3,484.84. The DJ Euro Stoxx 50 index of leading eurozone shares closed 0.21 percent lower at 2,583.27 points. The euro stood at US$1.2356. Meanwhile in Wall Street, at London's close, the Dow Jones Industrial Average was 21.61 points higher at 9836.2, as strong numbers from computer manufacturer Dell offset weaker than expected US data. Asian markets had ended the day in retreat. Tokyo's Nikkei-225 index fell 2.46 percent to 10,757.20 points, a three-month low pressured by weaker-than-expected Japanese growth data, dealers said. Hong Kong's Hang Seng shed 0.43 percent to 12,359.83. In London, profit taking in oil stocks dragged the blue chips lower. Shares in BP and Shell were among the biggest FTSE 100 fallers, down 2.06 percent at 487.25 pence and 1.14 percent at 390.5 pence, respectively, as traders gambled that tensions in the Iraqi city of Najaf would ease over the weekend.
Šaltinis: AFP
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Gas Coordination Group sees overall good level of preparedness of EU Member States and Energy Community countries in case of gas crisis

The Gas Coordination Group, chaired by the Commission, met this afternoon to analyze in detail all elements of the preparedness of the EU and the Energy Community for a potential supply disruption in the Winter 2009/2010. more »

Joint statement by Commission and IMF after European Banking Coordination Initiative Meeting for Romania

In a meeting of the European Bank Coordination Initiative Group, held in Brussels, the parent banks of the nine largest banks operating in Romania reaffirmed their commitment to maintain their exposure to the country and ensure adequate capital levels over 10 percent for their affiliates. more »

Lithuania and Vilnius Turning to a More Inviting Destination

Airline airBaltic has informed of its plans to resume some flights from Vilnius International Airport before the end of this year. more »

Commission approves restructuring plan of Lloyds Banking Group

The European Commission has approved under EC Treaty state aid rules the restructuring plan of Lloyds Banking Group. more »

"Finance and climate change" - a challenge for the future

"Finance and climate change" was under discussion at a 10 November hearing in parliament's Industry, Research and Energy Committee. more »

IMF Announces Sale of 2 Metric Tons of Gold to the Bank of Mauritius

The International Monetary Fund announced today the sale of 2 metric tons of gold to the Bank of Mauritius, the nation’s central bank. more »

The new ten winners of Danske Bankas scholarships for the 2009–2010 academic year determined

After lots were drawn, ten winners of Danske Bankas scholarships and one winner of an iPod shuffle player were established. more »

Bank SNORAS begins distributing “Finasta Asset Management” II level pension funds

From 16 November 2009, AB Bank SNORAS network starts providing new products – one can sign agreements of “Finasta Asset Management” II level pension accumulation funds in all subdivisions of the bank. more »

Baltic Rim Outlook: uneven recovery

The expected turnaround in the Baltic Rim economies is likely to gradually improve the business opportunities for Nordic companies operating in the region. more »