STOCK MARKETS - THE WEEK REVIEWED
Sunday 29 June 1997
UK stocks rose 1 per cent to 4,640.3. Gains were limited by concern that the Budget may contain tax changes that will make equities less attractive to fund managers if a 20 per cent tax rebate on dividends enjoyed by pension funds is abolished.
In France, the CAC Index rose 4.9 per cent, setting two new highs to close at 2891.04. On Wednesday the index saw its biggest gain in two years. Rhone-Poulenc said it may make a $4.3bn (pounds 2.58bn) offer for the shares it doesn't own in its US subsidiary Rhone-Poulenc Rorer.
In Germany, the DAX Index rose 0.19 per cent to 3795.41. Volkswagen was the biggest gainer with a rise of 3.7 per cent. Analysts believe the market is being driven by funds boosting equities but the index fell on concern about US rates ahead of the Federal Reserve policy meeting. Copyright: IOS & Bloomberg
- 1 BBC told new political editor must be 'impartial' with Nick Robinson reportedly stepping down
- 2 Number of young homeless people in Britain is 'more than three times the official figures'
- 3 Humans of New York image of crying gay teen receives best response yet from Ellen DeGeneres
- 4 The map showing the most dangerous tourist destinations in Europe, according to the Foreign Office
- 5 Swedish minister gives strongest case yet on why EU should stop turning away asylum seekers
BBC told new political editor must be 'impartial' with Nick Robinson reportedly stepping down
Isis propaganda video shows 25 Syrian soldiers executed by teenage militants in Palmyra
Number of young homeless people in Britain is 'more than three times the official figures'
Humans of New York image of crying gay teen receives best response yet from Ellen DeGeneres
The map showing the most dangerous tourist destinations in Europe, according to the Foreign Office
More Britons believe that multiculturalism makes the country worse - not better, says poll
Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
Greece crisis: IMF was pushed around by Angela Merkel and Nicholas Sarkozy – and now it is being humiliated
Forget little green men – aliens will look like humans, says Cambridge University evolution expert
Girl, 7, stares down hate preacher at Ohio festival with pro-LGBT rainbow flag gesture
Osborne to cap family benefits at £23,000 – announced ahead of his post-election Budget
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