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Print Print 2008-08-06

Closing stock market indices

Major stock markets outside the United States ended on Tuesday.
Published August 6, 2008

Major stock markets outside the United States ended on Tuesday.
EUROPE STOCK EXCHANGE: European stocks gained to snap a three-day losing streak thanks to a drop in oil prices and better than feared results from Societe Generale that lifted banks ahead of a US rate decision.
Oil-sensitive airline stocks were among the biggest gainers as crude fell to a three-month low around $118 a barrel, calming recent fears over inflation and corporate costs. Ryanair rose 11 percent and British Airways added 5 percent, while Air France-KLM, which posted better than expected earnings, gained 9.4 percent.
"It's really the fact that the oil price has gone below $120 a barrel, simple as that," says Neil Glynn, analyst at NCB Stockbrokers in Dublin. The FTSEurofirst 300 index of top European shares closed up 2.6 percent at 1,182.31 points. The index is down 22 percent on the year.
FRANKFURT STOCK EXCHANGE: The DAX index ended at 6,518.7 points, up 168.89 or 2.66 percent.
PARIS STOCK EXCHANGE: The CAC-40 index closed at 4,386.35 points, up 105.72 or 2.47 percent.
ZURICH STOCK EXCHANGE: The Swiss market index closed at 7,190.78 points, up 112.56 or 1.59 percent.
MILAN STOCK EXCHANGE: The All Share Mibtel index closed at 21,955 points, up 582 or 2.72 percent.
SYDNEY STOCK EXCHANGE: Australian shares fell 1.4 percent as concerns about slowing global demand hit oil and metals prices, sparking steep declines in heavyweight resource firms such as BHP Billiton. The S&P/ASX 200 index fell 67.3 points to close at 4,820.4.
JOHANNESBURG STOCK EXCHANGE: South African stocks snapped a three-day losing streak as miners rebounded after a sharp fall, but the rand reversed direction, slipping around 2 percent against the dollar in a widely-expected retreat.
The All-share index closed at 26,410.98 points, up 535.35 or 2.07 percent. The All Gold index closed at 1,912.49 points, up 28.44 or 1.51 percent, while the Industrial index closed at 18,712.24 points, up 466.69 or 2.56 percent.

Copyright Reuters, 2008

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