English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 10:01, September 24, 2005
Major European stock markets end higher as Rita fears abate
font size    

The major European stock markets closed higher on Friday as concerns over the impact of Hurricane Rita ease.

In London, the Footsie index shrugged off jitters about Hurricane Rita to close back above the 5,400 level as fears about the storm's impact began to ease.

The FTSE 100 index closed the day 27.9 points higher at 5,413.6.

Enterprise Inns rose 2 percent after it issued an upbeat statement firm, saying annual profits should met expectations.

Old Mutual shares dipped 2.3 percent after the South African insurer's bid for Swedish rival Skandia was rejected by its suitor 's board.

In Paris, French shares closed higher, after suffering a nervous day, with the benchmark CAC-40 index 28.21 points higher at 4,476.36.

Peugeot was the major riser, up 2.7 percent, at 53.50 euros, after Merrill Lynch upgraded its shares from "neutral" to "buy".

Shares in Belgian-French bank Dexia fell 0.5 percent after it rejected the advances of Belgian-Dutch rival Fortis.

In Frankfurt, German shares closed higher thanks to easing concerns about the potential impact of Hurricane Rita on oil production in the Gulf of Mexico, with the Frankfurt's DAX index ending 33.57 points, or 0.69 percent, higher at 4,882.58.

Commerzbank was one of the day's top winners, clawing back Thursday losses, to close 2.2 percent higher at 22.02 euros.

Carmaker Volkswagen shook off an early sell-off, triggered by news of a downgrading from investment back CSFB, to close 2.8 percent higher at 51.65 euros.

In the currency market, the US dollar rose over the euro ending at 1.2065 against the euro from 1.2154, and the dollar also closed higher over the Japanese yen, closing at one dollar against 112.27 yen from previously 111.56.

The dollar also grew over the British pound, closing the week's transaction at 1.7773 from 1.7916.

Source: Xinhua

Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this

- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
Online marketplace of Manufacturers & Wholesalers

Copyright by People's Daily Online, all rights reserved