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Market Update Analysis: 
Lafarge, BAT, Deutsche Boerse Gain
Author: 123jump.com Staff
123jump.com
Last Update: 4:42 PM EDT May 07 2008


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European markets closed higher on rising earnigs from companies despite a fall in factory ouput in the UK and falling orders in Germany. Earnings from Lafarge, Detsche Boerse, BAT and Commerzbank lifted market averages in the region. Swiss market index led the region with a rise of more than 1.3%. After the close U.S. indexes lost 1.8%.

 
Asian Markets

In Tokyo Nikkei 225 Index closed higher 53.22 or 0.38% to 14,102.48, in Hong Kong Hang Seng index decreased 651.92 or 2.48% closed to 25,610.21. In Australia ASX 200 index lower 33.00 or 0.58% to close 5,668.40. In Malaysia KL Composite index increased 11.06 or 0.87% closed to 1,287.15.

In South Korea Kospi Index decreased 5.05 or 0.27% to close at 1,854.01, in Thailand SET index closed higher 2.88 or 0.34% to 848.71 and Indonesia JSE Index edged increased 10.87 or 0.46% to 2,382.70. Sensex index in India decreased 33.70 or 0.19% to 17,339.31.

Commodities, Metals, and Currencies

Crude oil increased $1.81 to close at $123.65 a barrel for a front month contract, natural gas increased 18 cents to $11.12 per mBtu, and gasoline futures increased 1.97 cents to close at 312.52 cents per gallon.

Gold decreased $6.50 in New York trading to close at $871.20 per ounce, silver closed down 16 cents to $16.69 per ounce, and copper for front month delivery decreased 4.45 cents to $3.834 per pound.

Wheat futures decreased 10.50 cents in Chicago trading and closed at $8.07 per bushel. Sugar decreased 13 cent to $11.69 per pound. Soybean future closed up 32.00 cents to $13.09 a bushel.

Dollar edged higher and traded near record low against euro to $1.5402 and edged higher against yen to 104.88.

Yields on U.S. bonds decreased to 3.86% with 10 years of maturities and decreased 4.61% with 30-year of maturities.
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