26 July, 2008

After Federal Reserve chairman Ben Bernanke showed interest to cut down the interest rates the Wall Street fell down in the afternoon. He also said that by the end of the year it is expected that the economy will slow down. After the remark of Mr. Bernanke’s, the Dow Jones industrial average dropped by 1.14 % to 12,409.58 %. The Nasdaq Composite was decreased by 1.47 percent to 2,339.09 while the S&P 500 fell 1.09 percent to 1,352.36.

Equities markets in the Asia-Pacific region were almost at highest point. The Shanghai Composite was increased by 1.37 % to 4,552.32 %.

In Australia the Sydney Ordinaries increased by 2.37 % to 5,748.2 and the S&P/ASX200 was 2.57 percent higher to 5,684.8.

The FTSE Straits Times Index gained 3.26 % to 3,045.59 in Singapore while the Hang Seng increased by 3.68 % to 24,021.68 in Hong Kong.

South Korea’s Kospi index was up 4.02 % to 1,697.45 while Taiwan’s Taiex was 4.17 % higher to 7,865.28 and the Sensex gained 4.82 % to 17,766.63 in India.

Tokyo’s markets soared as the Nikkei 225 gained 3.66 % to 1,332.44 while the Topix was up by 4.27 % to 13,626.45 and the Mother’s market of small and mid-caps gained 3.49 percent to 610.97.

The FTSE Eurofirst 300 was slightly up by 0.02 % to 1,334.52. While the CAC-40 and IBEX gained to 0.07 percent to 4,858.65 and 0.35 percent to 13,313.2 respectively. The Dax was decreased by 0.16 percent to 6,962.28 and the FTSE to percent to 5,879.3. While the FTSE 250 gained by 0.93 percent to 10,089.2. European and London markets were mixed on the session.

News Source: First Choice Loans.
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