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Equity Market News 06th February 2012

Equity Org Headlines:

Essar Energy adds 3 percent in mostly lower London energy sector

Antofagasta leads miners higher in London

Hunting plc leads energy sector lower

Sports Direct International leads London retailers higher

Pace plc drops 40 percent on profits warning

Royal Bank of Scotland leads London banks lower

Royal Bank of Scotland leads banks, FTSE 100 higher in London

Lloyds Banking Group drops 8 percent on first-quarter loss

Lloyds shares down on PPI claims

Aquarius Platinum adds 7 percent amid mostly lower mining sector

10/06/05

Permalink 05:42:23 pm, Categories: New York NYSE, Europe Eurofirst, 208 words  

Eurzone markets strong while NYSE uncertain on Greenspan comments

European equities markets finished the week on gains Friday, while the New York markets were mostly up just a little with the exception of the Nasdaq, which was down just a little.

There wasn’t much movement this week in New York, and this continued on Friday as investors tried to figure out where the market was headed after statements by Federal Reserve chairman Alan Greenspan on Thursday seemed not to jibe exactly with statements made earlier by other officials of the Fed.

The Dow Jones Industrial Average was up 0.5 percent on the week and the S&P 500 gained 0.2 percent, but Nasdaq, lost 0.4 percent this week.

In the eurozone, the oil sector did well even though crude oil prices suffered small losses during the week. Technology stocks continued a comeback from first-quarter lows.

The FTSE Eurofirst 300 saw a three-year high. It closed 0.6 percent higher for the day and up 1.1 percent on the week. The Paris and Frankfurt markets also hit three-year highs.

In London, the FTSE 100 rose 0.6 percent during the week to close at 5030.4 on Friday, its highest since March 4.

The FTSE 250 was also up, gaining 0.8 percent on the week, closing at 7,264.2 on Friday. The oil sector, banks, and IT hardware makers were instrumental in the advances.

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