Closing stock market indices

24 Jul, 2010

Major stock markets outside the United States ended on Friday.
Organisers of the tests said seven banks would not be strong enough to withstand another recession and would face a total capital shortfall of 3.5 billion euros ($4.5 billion). "This is not surprising that most of them have passed - the results are in line with expectations," said Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets. The pan-European FTSEurofirst 300 index of top shares closed 0.5 percent higher at 1,044.31 points, the highest close since July 14.

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