Friday 24 June 2011

GLOBAL MARKET UPDATE


US stocks fell slightly as trading opened today, as investors digested data offering a mixed assessment of the strength of the world's largest economy.
European stocks rebounded this afternoon as investors cheered a breakthrough in the euro zone's bid to resolve Greece's debt crisis. The London FTSE had gained 45 points (0.8%) to stand at 5,720 by 11am, while the Paris CAC was up 38 points (1%) to 3,826 and the Frankfurt DAX added 43 points (0.6%) to 7,192.
US stocks fell slightly as trading opened today, as investors digested data offering a mixed assessment of the strength of the world's largest economy. The Dow Jones drifted down 15 points (0.12%) to stand at 12,035 in the first five minutes of trading, while the tech-heavy Nasdaq Composite fell seven points (0.25%) to 2,680.
Dublin's ISEQ index was also higher this afternoon, gaining 27 points (0.9%) to stand at 2,901. Among the shares recording gains included CRH, up 1.2% to €14.22 and Kingspan, which gained 1% to stand at €6.87. Shares in Paddy Power were also up 1% to €35.51 while Aer Lingus climbed 2.7% to 72 cent.
Earlier in Asian trade, Tokyo's Nikkei index closed 82 points (0.8%) higher at 9,679 and as a fall in oil prices eased worries about a slowdown in the US economy. The Hang Seng index in Hong Kong finished 413 points (1.9%) stronger at 22,172.
(Source: http://www.rte.ie/news/business/markets/update.html)

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