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

Bumpy future road for Europe's car makers discussed

The future of Europe's troubled car market and 12 million jobs was under scrutiny Tuesday. more »

Gordon Brown: EU must take the lead in reforming global financial institutions

Europe must take the lead in finding solutions to the global crisis at next week's G20 summit, British prime minister Gordon Brown told MEPs in a speech in Strasbourg on Tuesday that was warmly welcomed by leaders of the main political groups. more »

How much should we tame financial markets?

The US and Europe are in the worst economic crisis since the 1930s. With unemployment rising dramatically and businesses failing, fear is spreading. more »

Food prices debated amid concerns over supermarket domination

Monday evening sees MEPs consider the emotive subject of food prices in Europe. more »

Wincor Nixdorf share price drops, company announces production cuts

Shares in Wincor Nixdorf AG have fallen 3.5 percent and the ATM company says it is preparing to cut production hours. more »

EU leaders confident and determined in face of economic crisis

Leaders agreed to use €5bn in unspent EU funds to upgrade energy and internet connections. And they raised the ceiling on EU aid to countries having difficulties. more »

Parliament backs “polluter pays” principle for lorry charges

Charges on heavy-goods vehicles should be based in part on the air and noise pollution they produce, according to legislation approved by the European Parliament today. more »

EU officials down on the farm

EU agriculture officials are about to get a reality check. Starting next year, their on-the-job training will include a stint on a working farm. more »

Sacred cows to the slaughter? Are the rules changing in the European economy?

Privatisation, balanced budgets, low public deficits, and free trade have long been the mantra for prudent economic management. more »

Where should we invest our money?

Building roads and pipelines, ensuring food safety, improving education, fighting discrimination and boosting jobs are all funded from the EU budget. more »