01 August, 2008

European equities markets are concerned that in the credit crisis situation banks might face more losses which will slow down the global economy.

The 100 was decreased to 0.75% to 5,312.6 while the FTSE 250 dropped by 1.7 % to 8,716.7. In the mining and oil sectors there is some gains but insurers, the real estate and travel and leisure sectors, and most retailers saw downturn.

The downturn in London were restricted by increase in the mining sector, where Antofagasta (LSE: ANTO) led the FTSE 100 with an increase of 7.14 % as metal prices rose on the session.

In the broad European markets, the FTSE Eurofirst 300 fell 0.9 % to 1,159.03 whereas Madrid's IBEX was down by 0.91 percent to 11,484.6, the Paris CAC-40 was decreased 1.2 percent to 4,324.45 and the Dax was 1.33 percent lower to 6,351.15 in Frankfurt.

Equities markets in the Asia-Pacific region were combined, but among individual companies put on outpaced decreased by around 4 winning stocks for every three that declined.

Equities markets in the Asia-Pacific region were mixed, but among individual companies gains outpaced declines by around 4 winning stocks for every three that declined.

Tokyo's markets saw increase, with the Nikkei up 0.14 percent to 13,353.78 while the Topix index gained 0.19 percent to 1,300.79 and the Mothers market of small and mid caps put on 2.97 percent to 533.55.

Other gainers in the region consist of South Korea's Kospi index, which increased 0.02 percent to 1,598.29 while India's Sensex was 0.52 percent higher to 14,349.11 and the Shanghai Composite put on 1.32 percent to 2,903.01.

The Hang Seng, on the other side, fell 0.24 percent to 22,687.21, the Straits Times Index was down 0.43 percent to 2,910.36, and Taiwan's Taiex was 1.82 percent lower to 7,233.62.

In Australia the Sydney Ordinaries downfall by 0.82 percent to 4,989.9 and the S&P/ASX200 was 0.97 percent lower to 4,922.9 on decrease in the financial sector.

In early afternoon trade in New York, the Dow Jones Industrial Average was down1.45 percent to 11,206.06 while the Nasdaq Composite decreased by 1.17 percent to 2,283.49 and the S&P500 was 0.91 percent lower to 1,246.28.

News Source: http://www.firstchoiceloan.co.uk.