Politics, Nasdaq woes sink Asian stocks
Published:
22 November 2000 y., Wednesday
Europe’s main markets edged slightly higher Tuesday, with tech shares leading broad-based gains.
London’s benchmark FTSE 100 index rose 0.2 percent to 6,356.0, led by asset manager Schroders and utility shares. The blue-chip CAC 40 in Paris climbed 0.9 percent to 6,073.24, led by Dutch-based network service provider Equant and automaker Renault. Frankfurt’s electronically traded Xetra Dax added 0.5 percent to reach 6,640.7, with broad gains from technology to drug shares. Amsterdam’s AEX index rose 0.3 percent, while Zurich’s SMI and Milan’s MIB30 were each 0.2 percent higher.
The broader FTSE Eurotop 300 index, a basket of Europe’s largest companies, was up 0.3 percent at 1,601.11. The sub-index for makers of personal care products rose 2.1 percent while the information technology sector gained 1.6 percent.
Bruised Asian financial markets were dealt a double blow on Tuesday after more earnings alerts from the United States hit tech stocks and Japan’s deeply unpopular prime minister survived a confidence vote. Yoshiro Mori’s slim victory during the early Tuesday vote knocked Japanese stocks to 20-month lows.
Late on Monday night, when it became clear Mori would probably win, the yen hit an eight-and-a-half month low before recovering a little.
Šaltinis:
msnbc.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Parliament's proposal for its own operational budget for 2011 includes the financing of measures in preparation for enlargement with Croatia.
more »
Links between business and the academic world need to be strengthened but higher education institutions must retain their autonomy and public support, says a resolution adopted on Thursday by the European Parliament.
more »
The Spanish Minister of Economy and Finance, Elena Salgado, will present the additional fiscal tightening measures set out by the Spanish Government to her eurozone (Eurogroup) counterparts on Monday; the measures were required by Spain’s European partners as a condition of approving the plan to bolster the euro on 9 May.
more »
The European Commission has opened an in-depth investigation under EU State aid rules into capital injections destined to two subsidiaries of state owned company Elan Skupina in Slovenia.
more »
GDP growth in the EU expected to gradually pick up, though recovery less robust than past upturns.
more »
The EESC tabled its opinion on the regulation of alternative investment funds, such as hedge funds and private funds. Although endorsing the much debated proposal of the European Commission, the EESC calls for uniform risk data provision for all such funds and emphasizes their responsibility in triggering the crisis.
more »
Concluding the process and deciding on the schedule for releasing the funds agreed on for Greece, as well as examining and learning lessons from the crisis for the governance of the eurozone, will be the focus of the discussions of the heads of state and government at the meeting in Brussels this Friday.
more »
The EU pavilion at the world expo in Shanghai marks the first time the EU has presented itself to a large Chinese audience.
more »
Shanghai's World Expo offers visitors plenty of fun offering bizarre things to do at over 200 pavillions competing for attention.
more »
The European Investment Bank (EIB) is providing a loan of EUR 150 million to MVM Zrt. for the capacity increase and the extension of a high-voltage transmission network, partly constituting priority axes of the Trans-European Energy Network (TEN-E) in Hungary.
more »