In London yesterday, the higher-than-expected CPI figure plunged property stocks, banks and retailers into the red. However, a solid start on Wall Street saw the FTSE 100 index pull back some of its earlier losses to end the day at 6,497, an 18-point fall.
Elsewhere in Europe, the Paris CAC-40 ended the day 3 points lower, at 5,858, whilst the Frankfurt DAX-30 climbed 10 points to end the day at 7,348 as investors were cheered by surprisingly strong economic data.
On Wall Street, stocks closed mixed: the Dow Jones was 52 points higher, at 12,773; the tech-heavy Nasdaq fell 1 point; and the S&P 500 rose 3 points to 1,471.
In Asia, the Nikkei added 139 points to close at 17,667 today, with property stocks leading the gains.
Crude oil had climbed to $63.33 this morning, whilst Brent spot was at $65.70 in London.
Spot gold was at $688.40, up from $686.70 in New York late last night, and silver had risen to $13.97.
Here is an interesting article for some mid-week trading suppliment on Who will be hardest hit by a US slowdown.
Check this out.
King of the Birds, Lord of the Skies
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Gather ye rose buds while ye may, old time is still a flying;
and this same rose that you see today, tomorrow will be dying.
CarpeDiem: Seize the Day!
- Dead Poets Society
Thursday, April 19, 2007
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