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Print Print 2004-05-18

Closing stock market indices

Here is how major stock markets outside the United States ended on Monday.
Published May 18, 2004

Here is how major stock markets outside the United States ended on Monday.
EUROPE STOCKS EXCHANGE: Oil prices at record highs and escalating instability in the Middle East drove European equity markets to their worst close in nearly two months, with fuel-dependent airlines and volatile insurers hit most.
Tyre makers Michelin and Continental, and chemicals firm such as Akzo Nobel, whose output relies heavily on oil derivatives, were also pounded as fears of fuel supply shortages and sabotage attacks on the Middle East oil infrastructure lifted oil prices near $42 a barrel.
Concern that simmering crude prices may hurt economic and earnings growth spread across the board, sending Europe's largest maker of consumer electronics, Philips Electronics, German car giant DaimlerChrysler and Swiss engineering firm ABB sharply lower.
FRANKFURT STOCKS EXCHANGE: The DAX index ended at 3,754.37 points, down 48.73 or 1.28 percent.
PARIS STOCKS EXCHANGE: The CAC-40 index closed at 3,553.02 points, down 50.24 or 1.39 percent.
ZURICH STOCKS EXCHANGE: The Swiss market index closed at 5,607.9 points, down 77.1 or 1.36 percent.
MILAN STOCKS EXCHANGE: The All Share Mibtel index closed at 20,256 points, down 257 or 1.25 percent.
SYDNEY STOCKS EXCHANGE: The Australian share-market fell as concerns over high oil prices and a growing expectation of a rise in US interest rates knocked stocks reliant on global growth.
The benchmark S&P/ASX 200 index ended down 0.42 percent, or 14.0 points, at 3,345.5.
JOHANNESBURG STOCKS EXCHANGE: South African stocks waded into positive territory by the close, bucking global markets, as a late retreat in the rand and a firmer gold price propped up heavyweight resource shares.
The All-share index closed at 9,808.31 points, up 41.59 or 0.43 percent.
The All Gold index closed at 1,813.82 points, up 39.64 or 2.23 percent, while the Industrial index closed at 6,979.68 points, up 15.77 or 0.23 percent.

Copyright Reuters, 2004

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