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

Cutting red tape on VAT

Business to get a break under streamlined EU VAT rules. more »

Thales names propulsion sub-contractor for Lithuanian minehunter reactivation programme

Thales UK`s naval business has yesterday signed a major sub-contract with Finning (UK) Ltd for the supply of propulsion engines and machinery for its new Lithuanian warship reactivation programme. more »

A €116 billion question: making sense of the 2009 EU budget

The EU Budget 2009 provides more money for growth, the environment, jobs, research and food aid for developing countries. more »

Davos 2009: Gloom after boom

On day one of the World Economic Forum in Davos, the mood of this traditionally bullish event -- pure gloom. more »

Turnover of retail trade enterprises

In December 2008 against December 2007 the turnover of retail trade enterprises decreased by 8.8 per cent. more »

Wincor Nixdorf signs ATM service deal for 4,000 ATMs in Mexico

Mexican financial institution Banco Santander has awarded Wincor Nixdorf AG a contract to service all 4,000 of its ATMs installed in Mexico. more »

Wincor Nixdorf says ATM innovation, automation and outsourcing will be way of future

Wincor Nixdorf AG spent much of its time at this year's Wincor World demonstrating how Wincor Nixdorf can support financial institutions and retailers through innovation. more »

Betting on better times

South Korea may be feeling the chill wind of recession but the country's lucrative gambling industry is cashing in. more »

Microsoft Reports Second-Quarter Results

Modest revenue growth despite difficult economy; announces cost management initiatives. more »

Migrant workers hit by credit crunch

Tens of thousands of export firms on China's seaboard have closed due to falling demand in major European and North American markets. more »