2:30PM New York, 8:30PM Frankfurt – European stocks traded mixed recovering from oil price shocks on Friday./R]
European stocks traded mixed recovering from Friday’s losses after oil price shot up to a record high. The key indices in Germany and France closed higher.
In London FTSE 100 Index closed lower 29.20 or 0.49% to 5,877.60, in Paris CAC 40 Index increased 4.06 or 0.08% to close at 4,799.38 and in Frankfurt DAX index higher 11.82 or 0.17% to close at 6,815.63. In Zurich trading SMI decreased 60.52 or 0.82% to close at 7,325.90.
German exports rise 14%
German exports increase 13.9% in April and imports gained 11.7% from a year ago. Data released by the Federal Statistical Office showed exports of 89.8 billion euro and imports of 71 billion euros. Exports increased 1.2%, while and decreased 2.1% from March of this year.
Turnover in manufacturing up 4.7%
The Federal Statistical Office reported that the manufacturing sector saw a turnover rise in real terms by a working-day adjusted 4.7% in April 2008 compared to a year ago. March data of a rise of 4.1% was unchanged. Domestic turnover increased by 3.2% in the corresponding period, revenue from business with foreign customers increased 6.6%. Sales to euro area countries were 6.4% above the level of the preceding year, while sales to other foreign countries rose 6.9%.
Gainers and losers
Gaz De France led the gainers in the CAC 40 index stocks with a rise of 3.88% to 44.68 euros followed by gains in Suez of 3.63% to 48.43 euros, in EDF of 2.44% to 70.41 euros, in Total of 1.98% to 54.68 euros and in Arcelormittal of 1.51% to 66.18 euros.
Cap Gemini led the decliners in the CAC 40 index with a loss of 3.54% to 41.93 euros followed by losses in Alcatel Lucent of 3.17% to 4.42 euros, in Saint Gobain of 2.85% to 47.65 euros, in Sanofi- Aventis of 2.63% to 43.68 euros and in Dexia of 2.62% to 13.70 euros.
Among the DAX 30 index shares, Volkswagen led the gainers with a rise of 2.55% to 175.62 euros followed by gains in Hypo Real Estate Holdings of 2.39% to 21.01 euros, in RWE AG of 2.09% to 82.90 euros, in Siemens of 1.79% to 71.21 euros and in E.ON AG of 1.76% to 136.46 euros.
MAN AG led the decliners in the DAX 30 index with a fall of 3.90% to 86.91 euros followed by losses in Infineon Technologies of 2.89% to 5.88 euros, in Commerzbank of 2.81% to 19.34 euros, in Deutsche Lufthansa of 2.44% to 15.58 euros and in Deutsche Bank of 2.09% to 62.78 euros.
Precious metals prices decline
In the London trading, gold lost $2 to $896.25 an ounce. Silver fell 23 cents to $17.46 an ounce , platinum lost 18 cents to $2,047 an ounce and palladium fell $2 to $432.00 an ounce.
World markets review
In Tokyo Nikkei 225 Index closed lower 308.06 or 2.13% to 14,181.38, in Malaysia KL Composite index decreased 17.59 or 1.41% closed to 1,230.98. Market of Hong Kong and Australia were closed today.
In South Korea Kospi Index decreased 23.35 or 1.27% to close at 1,808.96, in Thailand SET index closed lower 11.75 or 1.44% to 805.58 and Indonesia JSE Index edged increased 7.84 or 0.33% to 2,410.08. Sensex index in India decreased 506.08 or 3.25% to 15,066.10. |
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