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Print Print 2006-04-29

Closing stock market indices

Here is how major stock markets outside the United States ended on Friday.
Published April 29, 2006

Here is how major stock markets outside the United States ended on Friday.
EUROPE STOCK EXCHANGE: European shares ended lower but US data showing strong economic growth and softer inflation helped the market pare losses from car and technology stocks after disappointing earnings. A below-forecast profit rise pounded Volkswagen shares 5.4 percent lower, dragging down the sector, while a lower-than-expected profit and forecasts from tech bellwether Microsoft hit European peers such as SAP.
But pharmaceutical stocks shone for a second session as a panel of European experts backed the use of Sanofi-Aventis's anti-obesity pill Acomplia, the French group's biggest new drug hope, while GlaxoSmithKline basked in broker upgrades a day after the company's market update. The FTSEurofirst 300 index of leading European shares closed 0.38 percent lower at 1,377.99 points, after halving losses shortly after strong US economic data.
FRANKFURT STOCK EXCHANGE: The DAX index ended at 6,009.89 points, down 57.85 or 0.95 percent, down 84.86 points on the week.
PARIS STOCK EXCHANGE: The CAC-40 index closed at 5,188.4 points, down 25.15 or 0.48 percent, a loss of 63.98 points over the week.
ZURICH STOCK EXCHANGE: The Swiss market index closed at 8,047.29 points, down 32.83 or 0.41 percent, down 46.18 from seven days ago.
MILAN STOCK EXCHANGE: The All Share Mibtel index closed at 29,422 points, down 223 or 0.75 percent. The index lost 513 points since April 21.
SYDNEY STOCK EXCHANGE: Shares shed 0.78 percent, easing for a second straight day, as miners such as BHP Billiton fell on concerns that China's surprise interest rate increase would slow demand for metals. The benchmark S&P/ASX 200 Index fell 41.4 points to end at 5,258.8, edging up 0.2 percent, or 8.7 points, on the week.
JOHANNESBURG STOCK EXCHANGE: Resource giants dragged stocks off all-time highs due to China's surprise rate hike, traders said. Healthcare group Netcare starred as investors warmed to its UK acquisition, they said. The All-share index closed at 21,135.51 points, down 218.44 or 1.02 percent, 106.49 points higher on the week. The All Gold index closed at 3,006.8 points, down 25.66 or 0.85 percent, rising 26.54 points from a week ago. The Industrial index closed at 14,670.6 points, up 37.15 or 0.25 percent, up 206.24 points since last Friday.

Copyright Reuters, 2006

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