World market indices mixed

World market indices mixed
# 17 August 2009 08:45 (UTC +04:00)
Baku. Vahab Rzayev - APA-Economics. Wall Street’s spectacular run hit a speed bump, with investors pausing to digest gains and pondering how far the rally can go in an economy showing signs of recovery along with lingering weakness.

The main stock indexes pulled back from a four-week run that saw gains of some 15 per cent for the broad market.

The Dow Jones Industrial Average of blue chips fell 0.82 per cent, or 76.79 point to 9,321.40 on Friday after notching a fresh nine-month high earlier in the week.

The Standard & Poor’s 500 index shed 8.64 points, or 0.85 per cent to 1,004.09 while the tech-dominated Nasdaq retreated 23.83 points, or 1.19 percent, to 1,985.52.

LONDON - European stock markets fell on Friday after fresh data showed the eurozone was entering deflationary territory and a weak report on US consumer sentiment triggered renewed caution among traders.

London’s benchmark FTSE 100 index closed down 41.49 points, or 0.87 per cent, at 4,713.97.

The Dax dropped 92 points, or 1.70 per cent, to 5309.11.

The CAC 40 gained 29.12 points, or 0.83 per cent, to 3,495.27.

Japanese shares ended at a new 10-month high on Friday, mirroring gains on overseas markets, as rebounds in the German and French economies lifted hopes of a global recovery.

The benchmark Nikkei-225 index rose 80.14 points, or 0.76 per cent, to 10,597.33, the best finish since October 3.