Around the World's Markets


SHARES closed modestly lower after a rally in financial stocks ran out of steam in the afternoon.

The FTSE 100 index closed 31 down to 6,322.1. Merger rumours among banks and hopes of a rate cut triggered a jump of over 100 points in the blue- chip index. However, the gains were reversed in the afternoon when a weak opening on Wall Street triggered some selling. The undercard had a subdued day, with the FTSE 250 falling 8.2 to 5710.1 and the Small Cap finishing 4.4 higher at 2570.5.

Market Report, page 24


THE DOW JONES Industrial Average fell 0.89 per cent, or 96.44 points, at 10,732.84. IBM led the downturn, losing $4-5/8 at $225-3/4, followed by Hewlett-Packard, down $4-1/8 at $89-3/4.

Dell Computer, the most actively traded stock, fell $13/16 at $36.5. America Online fell $5-3/8 to $121-1/6. Microsoft fell $3/8 at $77-3/16. Philip Morris fell $1/16 at $39-13/16. The Nasdaq Composite Index was down 46.77 at 2,473.37. The Nasdaq 100 Index lost 33.93 at 2,080.47. The Standard & Poor's 500 also fell, losing 14.60 at 1,315.69.


JAPAN'S BENCHMARK Nikkei 225 stock average rose 97.51, or 0.6 per cent, to 16,390.49. Falls in earnings by Nissan and others dampened the gain, however. Yamanouchi, Japan's No 3 drugmaker, added 10 per cent to 4,530 yen after it said it would extend a cancer-drug patent.

Takeda Chemical Industries rose 2.3 per cent to 5,690 yen. Taisho Pharmaceuticals rose 1.1 per cent to 3,740 yen on expectations for its anti-baldness treatment, Riup. Nissan fell 2.3 per cent to 518 yen after reporting 27.7bn yen net losses on Friday.


HONG KONG'S Hang Seng Index rose 1.3 per cent to 12,436.86, surging 150 points in the last 30 minutes of trading.

Traders rushed to settle their positions before the May Hang Seng Index futures contracts expire on Thursday.

Guangdong Investment rose 13 per cent to HK$1.98.

Asia Satellite Telecommunications Holdings was up 16.2 per cent to HK$17.55, after saying that it may launch a satellite one year ahead of schedule.


BRAZIL'S BENCHMARK stock index, the Bovespa, fell 3.4 per cent, or 398.86 points, at 11,328.95. Rio de Janeiro's IBV index was down 174.000 at 40,476.00. Telecom Brasil-Pfd, down R$5.79 at R$152.80, led the downswing and was the most actively traded stock. Centrais Electricas Bras-Pr B was down R$1.90 at R$39.40. Telecomum Brasileiras Sa-Prf was down R$0.02 at R$0.09. Earlier the Bovespa hit a day's high of 11,839.55. Tele Norte Celular Part bucked the trend, up R$0.02 at R$0.95. The real gained strength to 1.7000 against the dollar.

Arts and Entertainment
Lena Dunham
booksLena Dunham's memoirs - written at the age of 28 - are honest to the point of making you squirm
Jacqueline Bisset has claimed that young women today are obsessed with being 'hot', rather than 'charming', 'romantic' or 'beautiful'
Arts and Entertainment
A bit rich: Maggie Smith in Downton Abbey
tvDownton Abbey review: It's six months since we last caught up with the Crawley clan
Frank Lampard and his non-celebration
premier leagueManchester City vs Chelsea match report from the Etihad Stadium
Life and Style
A new app has been launched that enables people to have a cuddle from a stranger
techNew app offers 'PG alternative' to dating services like Tinder
Arts and Entertainment
Jake Quickenden sings his heart out in his second audition
tvX Factor: How did the Jakes - and Charlie Martinez - fare?
premier league
Arts and Entertainment
'New Tricks' star Dennis Waterman is departing from the show after he completes filming on two more episodes
tvOnly remaining original cast-member to leave crime series
Mario Balotelli celebrates his first Liverpool goal
premier leagueLiverpool striker expressed his opinion about the 5-3 thriller with Leicester - then this happened
ebooksAn unforgettable anthology of contemporary reportage
Britain's shadow chancellor Ed Balls (L) challenges reporter Rob Merrick for the ball during the Labour Party versus the media soccer match,
peopleReporter left bleeding after tackle from shadow Chancellor in annual political football match
Arts and Entertainment
Female fans want more explicit male sex in Game of Thrones, George R R Martin says
tvSpoiler warning: Star of George RR Martin's hit series says viewers have 'not seen the last' of him/her
Plenty to ponder: Amir Khan has had repeated problems with US immigration because of his Muslim faith and now American television may shun him
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Senior BA - Motor and Home Insurance

£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...

Market Risk & Control Manager

Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...

SQL Developer - Watford/NW London - £320 - £330 p/d - 6 months

£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...

Head of Audit

To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...

Day In a Page

A roller-coaster tale from the 'voice of a generation'

Not That Kind of Girl:

A roller-coaster tale from 'voice of a generation' Lena Dunham
London is not bedlam or a cradle of vice. In fact it, as much as anywhere, deserves independence

London is not bedlam or a cradle of vice

In fact it, as much as anywhere, deserves independence
Vivienne Westwood 'didn’t want' relationship with Malcolm McLaren

Vivienne Westwood 'didn’t want' relationship with McLaren

Designer 'felt pressured' into going out with Sex Pistols manager
Jourdan Dunn: Model mother

Model mother

Jordan Dunn became one of the best-paid models in the world
Apple still coolest brand – despite U2 PR disaster

Apple still the coolest brand

Despite PR disaster of free U2 album
Scottish referendum: The Yes vote was the love that dared speak its name, but it was not to be

Despite the result, this is the end of the status quo

Boyd Tonkin on the fall-out from the Scottish referendum
Manolo Blahnik: The high priest of heels talks flats, Englishness, and why he loves Mary Beard

Manolo Blahnik: Flats, Englishness, and Mary Beard

The shoe designer who has been dubbed 'the patron saint of the stiletto'
The Beatles biographer reveals exclusive original manuscripts of some of the best pop songs ever written

Scrambled eggs and LSD

Behind The Beatles' lyrics - thanks to Hunter Davis's original manuscript copies
'Normcore' fashion: Blending in is the new standing out in latest catwalk non-trend

'Normcore': Blending in is the new standing out

Just when fashion was in grave danger of running out of trends, it only went and invented the non-trend. Rebecca Gonsalves investigates
Dance’s new leading ladies fight back: How female vocalists are now writing their own hits

New leading ladies of dance fight back

How female vocalists are now writing their own hits
Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments