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Print Print 2006-07-01

Closing stock market indices

Here is how major stock markets outside the United States ended on Friday.
Published July 1, 2006

Here is how major stock markets outside the United States ended on Friday.
EUROPE STOCKS EXCHANGE: European shares rallied to their highest level for a month, spurred by gains in mining and technology stocks as investors took heart from signs US inflationary concerns may be starting to wane.
Among major movers, Bayer jumped after the drug and chemical group sold its diagnostics unit to Siemens, while Greece's National Bank rallied after completing a rights issue. "If you can find someone who cannot see any value or growth in these markets, I'd say check his pulse, because there is value and there is growth," said Victor Polak, a portfolio manager at Citigroup's wealth advisory unit.
"It's just finding the right stocks that distinguish you from the index. This market is really for those who are not easily deterred as it's been a bumpy ride." The pan-European FTSEurofirst index of 300 leading shares closed up 1.4 percent at 1,313.6 points, its highest close since May 30. The European index rose 2.3 percent in the week but fell more than 4 percent for the second quarter, ending a run of six straight quarterly gains.
FRANKFURT STOCKS EXCHANGE: The DAX index ended at 5,683.31 points, up 101.64 or 1.82 percent, a rise 153.57 points since June 23.
PARIS STOCKS EXCHANGE: The CAC-40 index closed at 4,965.96 points, up 85.58 or 1.75 percent, 148.33 points higher on the week.
ZURICH STOCKS EXCHANGE: The Swiss market index closed at 7,652.1 points, up 111.02 or 1.47 percent, gaining 166.3 points from a week ago.
MILAN STOCKS EXCHANGE: The All Share Mibtel index closed at 27,886 points, up 311 or 1.13 percent. The index gained 651 points over the week.
SYDNEY STOCKS EXCHANGE: The share market jumped 1.5 percent as investors welcomed a move by the US Federal Reserve to tone down its warnings about further interest rate increases. The benchmark S&P/ASX 200 index gained 76.7 points to close at 5,073.9, ending at a three-and-a-half week high and adding 109 points over the week.
JOHANNESBURG STOCKS EXCHANGE: Gold stocks led the bourse over 2 percent higher on renewed interest in bullion, while the rest of the market rose on dovish comments from the US Federal Reserve, traders said. The All-share index closed at 21,237.87 points, up 473.98 or 2.28 percent and rising 738.04 points on the week. The All Gold index closed at 3,272.25 points, up 193.41 or 6.28 percent, up 259.97 points from a week ago. The Industrial index closed at 13,644.34 points, up 297.19 or 2.23 percent, gaining 395.68 points from last Friday.

Copyright Reuters, 2006

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