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Print Print 2007-06-23

Closing stock market indices

Major stock markets outside the United States ended on Friday.
Published June 23, 2007

Major stock markets outside the United States ended on Friday.
EUROPE STOCKS EXCHANGE: European shares ended the session at their lowest close in over a week, weighed down by heavyweight banking and resources stocks, as financial jitters on Wall Street dented investor sentiment.
Among major movers, Tesco rose as investors judged the recent retail sell-off overdone, while Pearson gained after saying that it and GE would not pursue a joint offer for Dow Jones.
"We feel there's still upside, the market's not overly valued even against bonds, and earnings don't seem to be under any great pressure," said Dave Bradbury, head of equities at Canada Life in London. "I don't think it's a wildly exciting story, but I still think it ought to push up."
The pan-European FTSEurofirst 300 index closed down 0.3 percent at 1,598.8, its lowest finish since June 13, as a steeper-than-expected drop in the German Ifo business sentiment index for June also soured the mood.
Europe's benchmark index was down 1.7 percent for the week but is still up 8 percent so far this year, thanks to mergers and acquisitions and robust earnings.
FRANKFURT STOCKS EXCHANGE: The DAX index ended at 7,949.63 points, down 15.08 or 0.19 percent on the day and a loss of 81.01 on the week.
PARIS STOCKS EXCHANGE: The CAC-40 index closed at 6,023.25 points, down 6.54 or 0.11 percent, losing 82.03 points since last weekend.
ZURICH STOCKS EXCHANGE: The Swiss market index closed at 9,166.49 points, down 63.78 or 0.69 percent, falling 229.26 points since last Friday.
MILAN STOCKS EXCHANGE: The All Share Mibtel index closed at 33,003 points, down 181 or 0.55 percent, falling 596 points over the week.
SYDNEY STOCKS EXCHANGE: Shares fell, weighed down by losses in Caltex Australia Ltd after its refining margins missed expectations, while Bendigo Bank fell after it rejected a bid from a rival.
The benchmark S&P/ASX 200 index fell 0.07 percent, or 4.4 points, to 6,382.6, after slipping 0.15 percent in the previous session. Despite posting two straight session of losses, the index rose 88.8 points on the week.
JOHANNESBURG STOCKS EXCHANGE: Shares, led by financial group Investec, withered on worries of another interest rate hike and pressured by losses overseas. The All-share index closed at 29,094.32 points, down 215.38 or 0.73 percent, falling 219.46 points during the week.
The All Gold index closed at 2,596.85 points, down 19.08 or 0.73 percent, dropping 17.39 points in the week. The Industrial index closed at 19,706.46 points, down 125.1 or 0.63 percent, worse off by 85.89 points than last week.

Copyright Reuters, 2007

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