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World stock markets change slightly

19 June 2009 08:15 (UTC +04:00)

Baku- APA-Economics. US stocks finished mostly higher on Thursday, supported by a series of relatively encouraging economic data as investors weighed a proposed overhaul of the financial regulatory system.
The Dow Jones Industrial Average rose 58.42 points (0.69 per cent) to settle at 8,555.6, snapping a three-day losing streak.
The tech-dominant Nasdaq ended nearly flat, losing a fractional 0.34 points (0.02 per cent) to 1,807.72 and the broad-market Standard & Poor’s 500 index advanced 7.66 points (0.84 per cent) to settle at 918.37.
After dipping in opening trade and drifting in positive territory in thin trade, Wall Street resisted a late rout to finish in the green.
European stock markets edged higher after a key US indicator suggested that recovery in the world’s leading economy could be taking hold.
The London FTSE 100 index added 2.4 points, or 0.06 per cent, to settle at 4,280.86 points.
The Dax gained 37.5 points, or 0.78 per cent, to settle at 4,837.48.
The CAC 40 rose 32.92 points, or 1.04 per cent, to 3,194.06.
The Nikkei average fell 1.39 per cent, pulling away from last week’s eight-month high, as banks such as Mizuho Financial Group tracked their US peers lower, while exporters including Honda Motor Co dropped on a strong yen versus the dollar.
The Nikkei ended the day down 137.13 points at 9,703.72.
The benchmark has pulled away from an eight-month closing high of 10,135.82 reached last Friday, but is still nearly 38 per cent above a trough hit in early March.