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

Regional recipes for success

European conference promotes regional solutions to global challenges. more »

Iceland Express to launch flights from Vilnius Airport

Iceland‘s low-fare airline Iceland Express will launch regular flights by the new-generation „Boeing 737-700“ planes to about 8 different destinations from Vinius International Airport. more »

Economic crisis: women in developing world pay high price

Over 3 million people around the world have lost their jobs due to the financial crisis and, according to the UN, economic recovery is unlikely to reach those that have suffered most - poor women and children. more »

Airport infrastructure in Lithuania: Commission approves State aid to airports of Vilnius, Kaunas and Palanga

The European Commission has today decided not to raise any objections to the public financing of infrastructure developments at three Lithuanian airports – Vilnius, Kaunas and Palanga International Airports. more »

Single Euro Payments Area (SEPA): Commission consultation shows general support for end-date for SEPA migration

The European Commission has published the results of a public consultation launched in June 2009 on whether and how deadlines should be set for the migration of existing national credit transfers and direct debits to the new Single Euro Payments Area (SEPA) payment instruments. more »

Innovative solutions to global challenges

A favourable climate for innovation in the EU can speed up the transition to an eco-efficient economy and increase Europe’s global competitiveness. more »

IMF Signs €15 Billion Borrowing Agreement with Deutsche Bundesbank

The International Monetary Fund (IMF) and the Deutsche Bundesbank have signed an agreement to provide the Fund with up to the equivalent of €15 billion (about US$22 billion). more »

ECB publishes the Euro Money Market Survey 2009

Today the European Central Bank is publishing a report entitled “Euro Money Market Survey 2009”, which illustrates the main developments in the euro money market in the second quarter of 2009, in comparison with the second quarter of 2008. more »

Banks and finance - a year on

New EU laws proposed for closer oversight of financial services industry, sending a strong signal to this week's G20 summit. more »

Commission statement on aid for Opel Europe

The European Commission has repeatedly underlined that the restructuring plan of new Opel Europe must guarantee that the company will be viable in the future. more »