Market Reports: 25/06/2011
Saturday 25 June 2011
US stocks dropped as worries about the Italian banking sector added to anxiety emanating from Europe about passage of a Greek austerity plan, and the S&P 500 once again tested a key technical level.
In noon trade, the Dow Jones average had dropped 87.11 points, or 0.72 per cent, to 11,963.38. The S&P 500 Index lost 11.29 points, or 0.88 per cent, to 1,272.21. The Nasdaq fell 25.01 points, or 0.93 per cent, to 2,661.76.
European shares extended their losing run to eight weeks – the longest losing streak since 1998 – as uncertainties about Greece's debt crisis persisted, and with Italian banks falling heavily.
The FTSE Eurofirst 300 index of leading European shares fell by 0.71 points, or 0.07 per cent, to close at 1,074.95 points. During the week, the index had fallen by 1.1 per cent. The STOXX Europe 600 Banking Index fell by 1.6 per cent.
The Nikkei average rose to a three-week closing high, helped by news that Greece has agreed to a five-year austerity plan and as a fall in oil prices eased worries about a slowdown in the US economy. The benchmark index rose 0.9 per cent to 9,678.71, its highest close since 1 June. The broader Topix index also gained 0.9 percent, to 833.20. The slide in oil prices boosted shares of shipping firms with Mitsui OSK rising 3.2 per cent to 417 yen.
- 1 Isis burns thousands of books and rare manuscripts from Mosul's libraries
- 2 Scarlett Johansson new band 'already hit with legal complaint' from another The Singles
- 3 Husband and wife die holding hands within hours of each other after 67 years of marriage
- 4 The remarkable archaeological underwater discovery that could open up a new chapter in the study of European and British prehistory
- 5 'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Liam Gallagher brands Kanye West 'utter s**t' during BRIT Awards performance
Isis burns thousands of books and rare manuscripts from Mosul's libraries
Husband and wife die holding hands within hours of each other after 67 years of marriage
Mohammed Emwazi: Family of man named as 'Jihadi John' described by neighbours as 'normal Muslim family'
Mohammed Emwazi: Nine things we know about man named as Isis militant 'Jihadi John'
Oscars 2015: Birdman beats Boyhood as Eddie Redmayne and Patricia Arquette win big - as it happened
New theory could prove how life began and disprove God
Half of Ukip voters say they are prejudiced against people of other races
'Cash for access' scandal: Sir Malcolm Rifkind says 'unrealistic' for MPs to live on £67,000 salary
Aqsa Mahmood branded a 'disgrace' by her parents after claims she recruited three UK girls flying to Middle East
This is what it's like to be dead, according to a guy who died for a bit
iJobs Money & Business
£17000 - £25000 per annum: Recruitment Genius: An opportunity to join this new...
£18000 - £21000 per annum + OTE £45,000: SThree: SThree Group have been well e...
£20000 - £25000 per annum + OTE £45,000: SThree: SThree Group have been well e...
£36000 - £44000 per annum: Recruitment Genius: Encouraging more businesses to ...