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

Finnish Started Business with 2 Lithuanian Print Houses

One of the biggest Finnish introducing broker companies Finnprinters, connecting customers and printing houses, has started joint business projects with Lithuania’s 2 printing houses. more »

In I quarter 2009, based on the labour force survey data, theunemployment rate in the country reached 11.9 per cent

Statistics Lithuania informs that, based on the Labour Force Survey (LFS) data, the unemployment rate in I quarter 2009 reached 11.9 per cent, i.e. was close to the level of the year 2004. Over a quarter, the unemployment rate grew 1.5 times, over a year – 2.4 times. more »

Lithuania's foreign minister encourages to unite efforts for a swifter implementation of the Rail Baltica project

Lithuania’s Acting Minister of Foreign Affairs Vygaudas Ušackas discussed ways of accelerating the implementation of Rail Baltica in the current economic environment and attracting foreign investments for the implementation of this project. more »

Gearing up for gas emergencies

Proposals for transparency and monitoring to keep gas flowing to the EU. more »

Another economic stimulus?

On a day in which G8 leaders in Italy said the world economy still faces "significant risks," a top White House official said the Obama administration is not discussing a second stimulus plan. more »

Microfinance for Europe's unemployed

EU proposes microfinance facility to encourage the unemployed to start their own businesses. more »

Wonky fruit & vegetables make a comeback!

For those of you who like your fruit and vegetables to look as crooked, knobbly and curvy as possible 1 July was a good day. more »

Disney eyes Hong Kong expansion

Walt Disney will invest almost half a billion U.S. dollars into its Hong Kong Disneyland, to bolster the park's prospects against a planned rival in Shanghai. more »

For the first time in Lithuania two investment funds are merged

On 26 June 2009 Securities Commission (SC) approved the merge of investment funds controlled by UAB SNORAS Asset Management with SNORAS Global Equity Funds of Funds (SGEFF) by joining JT Baltic Equity Fund I. more »

DnB NORD Bankas revises deposit rates

Taking into account changes on international and domestic money markets AB DnB NORD Bankas, a member of international financial group, has changed time deposit rates for individual customers. more »