Closing stock market indices

19 Oct, 2005

Here is how major stock markets outside the United States ended on Tuesday.
European equity markets had initially inched upwards, helped by quarterly earnings from Swiss drugmaker Novartis, which beat expectations and rose 4.3 percent to become the top European gainer, pulling the pharmaceutical sector higher.
News that US producer prices shot up by an unexpectedly large 1.9 percent last month, the biggest gain in more than 15 years, injected fresh concern about rising inflation and the future pace of interest rate hikes by the Federal Reserve.
The All Gold index closed at 2,142.32 points, up 30.85 or 1.46 percent, while the Industrial index closed at 11,435.58 points, down 188.08 or 1.62 percent.

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