Market Updates
Averages in Europe Decline
Elena
24 Nov, 2005
New York City
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Asian-Pacific indexes closed higher on strong Wall Street rally and economic optimism in some regional markets. The Nikkei hit a five-year high of 14,742,58, finishing up 0.2%. European stocks finished in the red on mixed corporate news from companies like BNP Paribas and Credit Suisse Group and lower German business confidence.
U.S. MARKET AVERAGES
U.S. stock markets will be closed today for Thanksgiving day.
INTERNATIONAL MARKET NEWS
Asian-Pacific indexes finished the session positive, supported by strong Wall Street rally overnight and optimism in domestic economy in some markets. Again in the play after holiday, the Nikkei gained 0.2%, reaching an intraday five-year high of 14,742,58, boosted by chipmakers like Advantest Corp and Electron. Across the region, Hong Kong’s Hang Seng advanced 0.2%, South Korea’s Kospi rose 0.8%, and Australia’s All Ordinaries climbed 0.7%.
European markets fell across the region on mixed corporate news from companies like BNP Paribas and Credit Suisse Group and data, showing greater-than-expected erosion in German business confidence. The German DAX 30 lost 0.2%, the French CAC 40 fell 0.5%, and London’s FTSE 100 slipped 0.4%.
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