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World stock indices sink

01 July 2009 09:13 (UTC +04:00)

Baku - APA-Economics. The Dow Jones Industrial average fell 82.38 points, or 0.97%, to settle at 8,447. The Standard & Poor`s 500 index lost 7.91 points, or 0.85%, to end at 919.32. The NASDAQ composite index declined 9.02 points, or 0.49%, to close at 1,835.04.

Meanwhile, oil prices tumbled in volatile trading Tuesday after rising to an eight-month high. Light sweet crude for July delivery fell USD 1.60 to settle at USD 69.89 a barrel on the New York Mercantile Exchange.

European stocks dropped, trimming the biggest quarterly gain this decade for the Dow Jones Stoxx 600 Index, after US consumer confidence unexpectedly declined in June.UK`s benchmark index FTSE 100 fell 44.82 points, or 1.04%, to settle at 4,249.21.French benchmark index CAC 40 lost 53.24 points, or 1.67%, to end 3,140.44 and Germany`s benchmark index DAX sank 76.45 points, or 1.56%, to close at 4,808.64.