Around the World's Markets


THE MARKET closed lower yesterday, hit by growing fears of a US rate hike and a negative reception to the Lloyds TSB's bid for Scottish Widows. The FTSE 100 ended down 55.9 at 6496.5 in high turnover. The index spent most of the day in negative territory as dealers fretted over the possibility of a US rate rise next week. But news that the Bank of England had voted by a larger-than-expected majority to cut rates two weeks ago helped pare losses. The FTSE 250 closed 18.2 lower to 5,906.9, while the Small Cap finished 1.1 up at 2653.1.


STOCKS OPENED the day mixed as market sentiment was dominated by concern over a possible rise in US interest rates.

The Dow Jones fell 65.85 points to 10,655.78 by 11.20am, while the Nasdaq held firm. The market remained constrained ahead of next week's meeting of the Federal Reserve's interest-rate setting committee, when rates are expected to rise by a quarter point. Traders said they still anticipated good news on corporate earnings given the relative lack of profit warnings in recent weeks.


EXPORTING companies, which have gained from the weakness of the yen, suffered profit-taking. The Nikkei closed down 190.87 points, or 1.07 per cent, at 17,586.75.

Sentiment was hit by the overnight fall in New York stocks, but the fall was checked by bargain-hunting for cheap stocks. Big exporters fell, including Sony, down 2.11 per cent at 13,020, and Fujitsu, off 2.72 per cent at 2,325. The market was underpinned by the Bank of Japan's commitment to a stable exchange rate around the 122 yen level - favourable for exporters.


SHARES CAME OFF as bears were encouraged by Wall Street's poor performance overnight. The Hang Seng closed down 28.84 points, or 0.21 per cent, at 13,976.04.

Traders said the New York fall had put an end to the recent surge in share prices. Stocks had risen by 4 per cent in the two preceding trading days. Raymong Chong, head of research at Dwo Heng Securities, said retail investors were only interested in China plays as the market awaited news of next week's meeting of the US Federal Open Market Committee.


THE XETRA DAX index fell 1 per cent to 5,399.11, affected by sliding prices on Wall Street. German shares were also affected by falling car and banking stocks.

The car sector was led down by concern over the scale of BMW's bigger- than-expected investment to save Rover, and rumours that Volkswagen was interested in taking over the Swedish truck maker Scania. Dresdner Bank led the banks down, falling 3.19 per cent to 36.40 euros on concern about its investment portfolio being hit by falling bund futures.

More than 90 years of car history are coming to an end with the abolition of the paper car-tax disc
newsThis and other facts you never knew about your tax disc - completely obsolete tomorrow
peopleBenjamin Netanyahu trolled by group promoting two-state solution
Arts and Entertainment
Kylie performs during her Kiss Me Once tour
musicReview: 26 years on from her first single, the pop princess tries just a bit too hard at London's O2
Life and Style
fashionEveryone, apparently
The erotic novel Fifty Shades of Grey has already been blamed for a rise in the number of callouts to the fire brigade for people trapped in handcuffs
voicesJustine Elyot: Since Fifty Shades there's no need to be secretive about it — everyone's at it
Arts and Entertainment
A new Banksy entitled 'Art Buff' has appeared in Folkestone, Kent
ebooksAn unforgettable anthology of contemporary reportage
Life and Style
Playing to win: for Tanith Carey, pictured with Lily, right, and Clio, even simple games had to have an educational purpose
lifeTanith Carey explains what made her take her foot off the gas
Arts and Entertainment
The White Sails Hospital and Spa is to be built in the new Tunisia Economic City.
architectureRussian billionaire designs boat-shaped hospital for new Dubai-style Tunisia Economic City
Husain Abdullah returns an interception off Tom Brady for a touchdown
nflLeague has rules against 'sliding to ground on knees'
Arts and Entertainment
Critics say Kipling showed loathing for India's primitive villagers in The Jungle Book
filmChristopher Walken, Bill Murray, Scarlett Johanssen Idris Elba, Andy Serkis, Benedict Cumberbatch, Cate Blanchett and Christian Bale
Life and Style
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

Trust Accountant - Kent

NEGOTIABLE: Austen Lloyd: TRUST ACCOUNTANT - KENTIf you are a Chartered Accou...

Graduate Recruitment Consultant - 2013/14 Grads - No Exp Needed

£18000 - £20000 per annum + OTE £30000: SThree: SThree are a global FTSE 250 b...

Law Costs

Highly Competitive Salary: Austen Lloyd: CITY - Law Costs Draftsperson - NICHE...

SQL Developer (Stored Procedures) - Hertfordshire/Middlesex

£300 - £330 per day: Ashdown Group: SQL Developer (Stored Procedures) Watford...

Day In a Page

Isis is an hour from Baghdad, the Iraq army has little chance against it, and air strikes won't help

Isis an hour away from Baghdad -

and with no sign of Iraq army being able to make a successful counter-attack
Turner Prize 2014 is frustratingly timid

Turner Prize 2014 is frustratingly timid

The exhibition nods to rich and potentially brilliant ideas, but steps back
Last chance to see: Half the world’s animals have disappeared over the last 40 years

Last chance to see...

The Earth’s animal wildlife population has halved in 40 years
So here's why teenagers are always grumpy - and it's not what you think

Truth behind teens' grumpiness

Early school hours mess with their biological clocks
Why can no one stop hackers putting celebrities' private photos online?

Hacked photos: the third wave

Why can no one stop hackers putting celebrities' private photos online?
Royal Ballet star dubbed 'Charlize Theron in pointe shoes' takes on Manon

Homegrown ballerina is on the rise

Royal Ballet star Melissa Hamilton is about to tackle the role of Manon
Education, eduction, education? Our growing fascination with what really goes on in school

Education, education, education

TV documentaries filmed in classrooms are now a genre in their own right
It’s reasonable to negotiate with the likes of Isis, so why don’t we do it and save lives?

It’s perfectly reasonable to negotiate with villains like Isis

So why don’t we do it and save some lives?
This man just ran a marathon in under 2 hours 3 minutes. Is a 2-hour race in sight?

Is a sub-2-hour race now within sight?

Dennis Kimetto breaks marathon record
We shall not be moved, say Stratford's single parents fighting eviction

Inside the E15 'occupation'

We shall not be moved, say Stratford single parents
Air strikes alone will fail to stop Isis

Air strikes alone will fail to stop Isis

Talks between all touched by the crisis in Syria and Iraq can achieve as much as the Tornadoes, says Patrick Cockburn
Nadhim Zahawi: From a refugee on welfare to the heart of No 10

Nadhim Zahawi: From a refugee on welfare to the heart of No 10

The Tory MP speaks for the first time about the devastating effect of his father's bankruptcy
Witches: A history of misogyny

Witches: A history of misogyny

The sexist abuse that haunts modern life is nothing new: women have been 'trolled' in art for 500 years
Shona Rhimes interview: Meet the most powerful woman in US television

Meet the most powerful woman in US television

Writer and producer of shows like Grey's Anatomy, Shonda Rhimes now has her own evening of primetime TV – but she’s taking it in her stride
'Before They Pass Away': Endangered communities photographed 'like Kate Moss'

Endangered communities photographed 'like Kate Moss'

Jimmy Nelson travelled the world to photograph 35 threatened tribes in an unashamedly glamorous style