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 Secret Cinema interview: Why were Back to the Future screenings cancelled?
- 2 Christians: The world's most persecuted people
- 3 Israel-Gaza conflict: The secret report that helps Israelis to hide facts
- 4 Students offered grants if they tweet pro-Israeli propaganda
- 5 Iraq crisis: End 'very near' for Christianity after Isis takeover, says Bishop
Israel-Gaza conflict: John Prescott condemns bombardment of Gaza as a 'war crime'
Thatcher ‘was warned of Tory child sex party claims’
Israel-Gaza conflict: President Obama presses Netanyahu to call ‘immediate and unconditional’ Gaza ceasefire
Lauren Goodger calls for tougher laws on revenge porn after sex tape leaks online
Iraq crisis: End 'very near' for Christianity after Isis takeover, says Bishop
Israel-Gaza conflict: The secret report that helps Israelis to hide facts
A day in the life of Vladimir Putin: The dictator in his labyrinth
Opponents of Israel's military operation in Gaza are the real enemies of Middle Eastern peace
Were 'Poor Doors' added to mixed developments so wealthy residents don't have to go in alongside social housing tenants?
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
iJobs Money & Business
£28000 - £32000 per annum: Ashdown Group: Training/Learning and Development Co...
£28000 - £32000 per annum + benefits: Ashdown Group: Training Programme Manage...
£40000 - £45000 per annum: Ashdown Group: An established professional services...
£600 - £650 per day: Orgtel: Conduct Risk Liaison Manager - Banking - London -...