World stock markets up

World stock markets up
# 21 August 2009 07:59 (UTC +04:00)
Baku –APA-Economics. World stock markets rose Thursday after Chinese shares bounced back with their biggest rally since March, a day after slumping nearly 5 percent.

The gains in Europe and Wall Street were reined in somewhat by the news that U.S. jobless claims unexpectedly rose last week to 576,000 from a revised 561,000 the previous week. Economists were expecting a fall to around 550,000.

In Europe, the FTSE 100 index of leading British shares was up 54.17 points, or 1.2 percent, at 4,743.84 while Germany’s DAX rose 69.49 points, or 1.3 percent, to 5,301.47. The CAC-40 in France was 35.02 points, or 1 percent, higher at 3,485.36.

On Wall Street, the Dow Jones industrial average was up 32.80 points, or 0.4 percent, at 9,311.96 soon after the open while the broader Standard & Poor’s 500 index rose 4.39 points, or 0.4 percent, at 1,000.85.

The gains in Europe and the U.S. came after Shanghai’s main index surged 126 points, or 4.5 percent, to 2,911.58, while Japan’s Nikkei 225 stock average advanced 179.41 points, or 1.8 percent, to 10,383.41. Hong Kong’s Hang Seng rose 374.63, or 2 percent, to 20,336.36.
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