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Global equities tumble, U.S. markets closed
Singapore News.Net
Friday 4th July, 2008
Stock markets around the world reeled on Friday with the heaviest falls in Europe.
U.S. markets were closed for the July 4 holiday weekend.
In Vienna the ATX plunged 3.54%, while in Brussels the Bel-20 fell 2.30%.
In London the FTSE 100 dropped 63.80 points or 1.16% to 5,412.80.
The German DAX slid 81.53 points or 1.28% to 6,272.21.
The Paris-based CAC 40 declined 77.90 points or 1.80% to 4,266.00.
The Swiss SMI was off 71.32 points or 1.04% at 6,772.74.
In Amsterdam the AEX was down 1.27%.
The Mibtel in Milan fell 1.61%, while the Madrid General was off 1.92%.
The Stockholm General index was down 1.18%.
In the Asia Pacific region stocks were lower, however elsewhere in Asia there were postive readings.
The Shanghai Composite was sharply lower at the close Friday, losing 1.24% on the day.
Japan's Nikkei 225 dropped 0.21%. The Taiwan Weighted fell 2.24%, and the Seoul Composite 1.78%.
The Australian All Ordinaries rose 1.49%, while the Singapore Straits Times was up 0.42%.
In Canada in late trading the S&P/TSX was off 127.54 points or .90% at 14,016.03.
Mexico's IPC fell 121.72 points or 0.43% towards the close to 28,338.12.
Merrill Lynch meantime appeared to be close to doing a deal Friday on its 20% stake in Bloomberg.
Merrills is a foundation shareholder in the media giant. Its stake is now worth several billion dollars.
The banker is believed to be locked in talks with advisors to Bloomberg founder, New York City Mayor Michael Bloomberg, whose interests have a first right of refusal over the holding.
The U.S. dollar was little changed on Friday. The unit was trading at 1.5710 against the euro at the end of trading, while against the yen it was quoted at 106.66. The British pound was fetching 1.9825. The Swiss franc was changing hands at 1.0225.
The Australian dollar closed stronger at .9632, while the Canadian dollar was little changed at 1.0151.
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Comments on this story
~`~~galljdaj+
07-05-08, 07:46 AM |
Global equities tumble, U.S. markets closed
The lil bush has taken his own lil failures world wide, but mostly dirtied the entire US BATH WATER!
wELCOME TO THE pnac wORLD OF greed!
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