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Print Print 2006-05-17

Closing stock market indices

Here is how major stock markets outside the United States ended on Tuesday.
Published May 17, 2006

Here is how major stock markets outside the United States ended on Tuesday.
EUROPE STOCK EXCHANGE: European shares rebounded as tame US core inflation data eased interest rate worries, while upbeat earnings and take-over talk also helped lure investors back into a market reeling from a four-day rout.
Gains from Spanish power company Endesa and British catering group Compass after forecast-beating results helped offset a continuing sell-off in mining and construction shares, sectors seen as more exposed to an economic turnaround. Pharmaceutical stocks also benefited as investors, still mindful of a less supportive economic environment, re-channelled their money into more defensive sectors.
GlaxoSmithKline, whose top-selling asthma drug Advair could get a commercial boost from a medical meeting this weekend, rose the most.
The FTSEurofirst 300 index of top European shares gained 0.17 percent to end At 1,347.58 points, recovering some ground after losses of more than 4 percent over the past four sessions.
FRANKFURT STOCK EXCHANGE: The DAX index ended at 5851.92 points, down 5.11 or 0.09 percent.
PARIS STOCK EXCHANGE: The CAC-40 index closed at 5081.69 points, up 16.84 or 0.33 percent.
ZURICH STOCK EXCHANGE: The Swiss market index closed at 7887.09 points, up 33.15 or 0.42 percent.
MILAN STOCK EXCHANGE: The All Share Mibtel index closed at 28894 points, down 65 or 0.22 percent.
SYDNEY STOCK EXCHANGE: Australian shares fell 0.3 percent as miners such as BHP Billiton Ltd tracked steep losses in global metal prices, prompting investors to shift into defensive stocks like retailer Woolworths.
The benchmark S&P/ASX 200 Index fell 16.7 points to close at 5,217.4.
JOHANNESBURG STOCK EXCHANGE: Mining stocks dragged the South African bourse lower as investor nervousness remained, but retailers and industrials recovered on bargain hunting. The All-share index fell 161.19 points or 0.77 percent to 20,812.95 points. The All Gold index closed at 2847.41 points, down 51.9 or 1.79 percent, while the Industrial index closed at 14038.96 points, up 10.6 or 0.08 percent.

Copyright Reuters, 2006

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