Closing stock market indices

01 Jul, 2006

Here is how major stock markets outside the United States ended on Friday.
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.

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