Around the World's Markets


THE MARKET closed higher as bid speculation among the blue chips offset a slump on Wall Street.

The FTSE 100 ended 52.2 up at 6,302.2 despite a 100-point fall in the Dow as London closed. The rally was sustained by rumours of consolidation in the drugs sector. Dealers said SmithKline Beecham could strike a deal with Swiss rival Novartis or Glaxo of the UK. Second liners had a mixed session, with the mid cap finishing 41.3 higher at 5,709 and the Small Cap closing 1.8 lower at 2,547.8.

Market report, page 23


STOCKS REGAINED slightly from earlier lows after Alan Greenspan, chairman of the Federal Reserve, steered clear of commenting on the outlook for US interest rates in a speech in Boston. Earlier in the day the Dow Jones was near its session low, down 130.13 points or 1.24 per cent, at 10,466.13.

Internet stocks were hit hard for the second day as valuations continued to erode in the face of higher interest rates. The Street.Com's index of 20 Internet companies fell 6.36 per cent to 90.89.


THE BENCHMARK Nikkei 225 index trimmed earlier gains to close marginally higher as uncertainty about domestic economic policies and fears of US inflation spread caution among investors. The Nikkei closed up 9.49 points or 0.06 per cent at 16,417.99.

Traders said expectations that the government will announce measures to stimulate the economy, together with dismal unemployment figures, were providing mixed messages, both souring sentiment and boosting hopes for supplementary stimulus.


THE BLUE-CHIP Hang Seng index ended up 0.77 points at 12,458.64 on the strength of HSBC Holdings but stocks in the broader market were mixed in directionless trade.

HSBC, which is to redenominate its stocks in US dollars from sterling and Hong Kong dollars on 3 July, saw stocks rise HK$5 to close at HK$269. A trader said: "Buying was focussed on several heavyweights, especially HSBC, but the index retreated quickly from its day high after hitting a resistance of 12,500 points in early afternoon."


THE CAC-40 index finished with a symbolic rise of 0.04 per cent, wiping out losses towards the end of a volatile session dominated by caution over US interest rates as the Dow fell more than 100 points.

The index ended up 1.65 points at 4,315.34 after seesawing throughout the day.

Analysts said they expected the market to remain nervous until key US payrolls data is released on Friday.

"We are all waiting for Friday's data. Meanwhile the market should stay volatile," a trader said.

Teeth should be brushed twice a day to prevent tooth decay
Bryan Cranston as Walter White, in the acclaimed series 'Breaking Bad'
footballChelsea 6 Maribor 0: Blues warm up for Premier League showdown with stroll in Champions League - but Mourinho is short of strikers
Those who were encouraged to walk in a happy manner remembered less negative words
Arts and Entertainment
Princess Olga in 'You Can't Get the Staff'
tvReview: The anachronistic aristocrats, it seemed, were just happy to have some attention
Renee Zellweger as Bridget Jones
ebooksAn unforgettable anthology of contemporary reportage
Life and Style

Board creates magnetic field to achieve lift

There have been various incidents of social media users inadvertently flouting the law

Life and Style
Stack ‘em high?: quantity doesn’t always trump quality, as Friends of the Earth can testify
techThe proliferation of online petitions allows us to register our protests at the touch of a button. But do they change anything?
Bourgogne wine maker Laboure-Roi vice president Thibault Garin (L) offers the company's 2013 Beaujolais Nouveau wine to the guest in the wine spa at the Hakone Yunessun spa resort facilities in Hakone town, Kanagawa prefecture, some 100-kilometre west of Tokyo
CSKA Moscow celebrate after equalising with a late penalty
footballCSKA Moscow 2 Manchester City 2: Premier League champions let two goal lead slip in Russia
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

Helpdesk Analyst

£23000 per annum + pension and 22 days holiday: Ashdown Group: An established ...

Senior Helpdesk Analyst / Service Desk Co-ordinator

£27000 per annum + pension, 22 days holiday: Ashdown Group: An established ind...

Senior Pensions Administrator

£23000 - £26000 Per Annum: Clearwater People Solutions Ltd: Our client is curr...

Corporate Actions Administrator / Operations Administrator

£25 - 30k: Guru Careers: A Corporate Actions Administrator / Operations Admini...

Day In a Page

Indiana serial killer? Man arrested for murdering teenage prostitute confesses to six other murders - and police fear there could be many more

A new American serial killer?

Police fear man arrested for murder of teen prostitute could be responsible for killing spree dating back 20 years
Sweetie, the fake 10-year-old girl designed to catch online predators, claims her first scalp

Sting to trap paedophiles may not carry weight in UK courts

Computer image of ‘Sweetie’ represented entrapment, experts say
Fukushima nuclear crisis: Evacuees still stuck in cramped emergency housing three years on - and may never return home

Return to Fukushima – a land they will never call home again

Evacuees still stuck in cramped emergency housing three years on from nuclear disaster
Wildlife Photographer of the Year: Intimate image of resting lions claims top prize

Wildlife Photographer of the Year

Intimate image of resting lions claims top prize
Online petitions: Sign here to change the world

Want to change the world? Just sign here

The proliferation of online petitions allows us to register our protests at the touch of a button. But do they change anything?
Ed Sheeran hits back after being labelled too boring to headline festivals

'You need me, I don’t need you'

Ed Sheeran hits back after being labelled too boring to headline festivals
How to Get Away with Murder: Shonda Rhimes reinvents the legal drama

How to Get Away with Murder

Shonda Rhimes reinvents the legal drama
A cup of tea is every worker's right

Hard to swallow

Three hospitals in Leicester have banned their staff from drinking tea and coffee in public areas. Christopher Hirst explains why he thinks that a cuppa is every worker's right
Which animals are nearly extinct?

Which animals are nearly extinct?

Conservationists in Kenya are in mourning after the death of a white northern rhino, which has left the species with a single male. These are the other species on the brink
12 best children's shoes

Perfect for leaf-kicking: 12 best children's shoes

Find footwear perfect to keep kids' feet protected this autumn
Anderlecht vs Arsenal: Gunners' ray of light Aaron Ramsey shines again

Arsenal’s ray of light ready to shine again

Aaron Ramsey’s injury record has prompted a club investigation. For now, the midfielder is just happy to be fit to face Anderlecht in the Champions League
Comment: David Moyes' show of sensitivity thrown back in his face by former Manchester United manager Sir Alex Ferguson

Moyes’ show of sensitivity thrown back in his face... by Ferguson

Manchester United legend tramples on successor who resisted criticising his inheritance
Two super-sized ships have cruised into British waters, but how big can these behemoths get?

Super-sized ships: How big can they get?

Two of the largest vessels in the world cruised into UK waters last week
British doctors on brink of 'cure' for paralysis with spinal cord treatment

British doctors on brink of cure for paralysis

Sufferers can now be offered the possibility of cure thanks to a revolutionary implant of regenerative cells
Ranked seventh in world’s best tourist cities - not London, or Edinburgh, but Salisbury

Lonely Planet’s Best in Travel 2015

UK city beats Vienna, Paris and New York to be ranked seventh in world’s best tourist destinations - but it's not London