Around the World's Markets

LONDON

LEADING SHARES rose as subdued US inflation figures eased fears of a interest rate hike in the States.

The FTSE 100 closed 53.7 higher at 6,504.9, in high volume. The bulk of the rally came in the afternoon after a strong opening on Wall Street. The Dow was over 100 points higher at the London close amid fading worries of a near-term monetary tigthening. The smaller indices were also in good form. The FTSE 250 ended 43.7 higher at 5871.7 - very close to its 1999 peak - while the Small Cap was up 10.7 to 2,622.9. Market Report, page 23

NEW YORK

THE NIKKEI 225 closed 0.4 per cent down at 17,210.18 after the Bank of Japan's latest monthly report failed to provide a boost. "The market is very quiet. Everyone is waiting for the consumer price index figures for May for the US," a trader said.

The BoJ said that although Japan's economy had stopped deteriorating, there was no clear movement towards recovery. GDP figures last week have prompted buying in economy-sensitive chemicals groups and steel makers; for example, Mitsubishi Chemical rose 3.41 per cent to 425 yen.

TOKYO

THE NIKKEI 225 average closed 0.4 per cent down at 17,210.18 after the Bank of Japan's lastest monthly report failed to boost the market. "The market is very quiet. Everyone is waiting on the consumer price index figures for May for the US," a trader said. The BoJ reported that although Japan's economy had stopped deteriorating, there were no clear movements towards recovery.

GDP growth figures released last week have encouraged buying in economy- sensitive chemicals companies and steelmakers.

HONG KONG

THE HANG SENG INDEX closed up 219.71 points, or 1.7 per cent, to 13,155.12 after a strong performance from the utilities index and demand for Cable & Wireles HKT, the renamed Hong Kong Telecommunications, which rose HK$0.90, 5 per cent, to HK$19.80. Cheung Kong Holdings added $1.25 at HK$64.74 after a subsidiary said it would take a stake in Hong Kong's mass transit rail company. Shangri-La Asia rose HK$0.45, 5 per cent, to HK$9.40 on the back of its offers for hotels.

PARIS

THE CAC-40 index set a new closing high, cheered by stable US consumer price data which eased inflation worries.

The bluechip index closed up 1.44 per cent at 4,481.75 beating May 3's closing high of 4,442.84 and nearing its all-time high of 4,483.94.

A strategist said: "The [CAC] trend remains up, sentiment is improving as the economic outlook brightens and tomorrow's IFO business climate index data in Germany should be better."

Start your day with The Independent, sign up for daily news emails
ebooks
ebooksA celebration of British elections
  • Get to the point
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

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

iJobs Job Widget
iJobs Money & Business

SThree: Trainee Recruitment Consultant - Swiss Banking and Finance

£20000 - £25000 per annum + Uncapped commission: SThree: Can you speak German,...

Ashdown Group: Marketing Executive - 6 month FTC - Central London

£25000 - £30000 per annum + benefits: Ashdown Group: An exciting opportunity f...

Ashdown Group: Junior Project Manager (website, web application) - Agile

£215 per day: Ashdown Group: Junior Project Manager (website, web application ...

Guru Careers: Software Engineer / Software Developer

£40-50K: Guru Careers: We are seeking an experienced Software Engineer / Softw...

Day In a Page

Fishing for votes with Nigel Farage: The Ukip leader shows how he can work an audience as he casts his line to the disaffected of Grimsby

Fishing is on Nigel Farage's mind

Ukip leader casts a line to the disaffected
Who is bombing whom in the Middle East? It's amazing they don't all hit each other

Who is bombing whom in the Middle East?

Robert Fisk untangles the countries and factions
China's influence on fashion: At the top of the game both creatively and commercially

China's influence on fashion

At the top of the game both creatively and commercially
Lord O’Donnell: Former cabinet secretary on the election and life away from the levers of power

The man known as GOD has a reputation for getting the job done

Lord O'Donnell's three principles of rule
Rainbow shades: It's all bright on the night

Rainbow shades

It's all bright on the night
'It was first time I had ever tasted chocolate. I kept a piece, and when Amsterdam was liberated, I gave it to the first Allied soldier I saw'

Bread from heaven

Dutch survivors thank RAF for World War II drop that saved millions
Britain will be 'run for the wealthy and powerful' if Tories retain power - Labour

How 'the Axe' helped Labour

UK will be 'run for the wealthy and powerful' if Tories retain power
Rare and exclusive video shows the horrific price paid by activists for challenging the rule of jihadist extremists in Syria

The price to be paid for challenging the rule of extremists

A revolution now 'consuming its own children'
Welcome to the world of Megagames

Welcome to the world of Megagames

300 players take part in Watch the Skies! board game in London
'Nymphomaniac' actress reveals what it was really like to star in one of the most explicit films ever

Charlotte Gainsbourg on 'Nymphomaniac'

Starring in one of the most explicit films ever
Robert Fisk in Abu Dhabi: The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers

Robert Fisk in Abu Dhabi

The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers
Vince Cable interview: Charging fees for employment tribunals was 'a very bad move'

Vince Cable exclusive interview

Charging fees for employment tribunals was 'a very bad move'
Iwan Rheon interview: Game of Thrones star returns to his Welsh roots to record debut album

Iwan Rheon is returning to his Welsh roots

Rheon is best known for his role as the Bastard of Bolton. It's gruelling playing a sadistic torturer, he tells Craig McLean, but it hasn't stopped him recording an album of Welsh psychedelia
Morne Hardenberg interview: Cameraman for BBC's upcoming show Shark on filming the ocean's most dangerous predator

It's time for my close-up

Meet the man who films great whites for a living
Increasing numbers of homeless people in America keep their mobile phones on the streets

Homeless people keep mobile phones

A homeless person with a smartphone is a common sight in the US. And that's creating a network where the 'hobo' community can share information - and fight stigma - like never before