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World stock markets mixed

12 January 2010 07:30 (UTC +04:00)

Baku - APA-Economics. In Monday mid-afternoon trading, the Dow Jones industrial average had risen 23.73, or 0.22 per cent, to 10,641.92. The Standard & Poor’s 500 index was 0.39 lower, by 0.03 per cent, at 1,144.59, while the Nasdaq composite index had fallen 12.15, or 0.52 per cent, to 2,305.02.

European stock markets closed little changed on Monday, giving up gains made after China reported a dramatic return to export growth to bolster hopes the emerging giant is leading a global recovery.
Dealers said news that China saw its December exports soar 17.7 per cent to snap a 13-month falling streak cemented the country’s new status as the world’s biggest exporter and the best hope for a return to economic normality.
The fact that its imports also jumped sharply in the same month meant that, on both counts, China now was leading the way out of the worst slump since the 1930s in a historic change to the post-war world order.
The China lead pushed Asian markets higher but early European gains fell away after an indifferent opening on Wall Street as investors waited to see if better economic news is really feeding through into better corporate earnings.
In London, the FTSE 100 index of leading shares came off 16-month highs to finish up just 0.07 per cent, by 3.83 points at 5,538.07.
The DAX put on 2.89 points, by 0.05 per cent, to 6,040.5.
The CAC 40 slipped 2.05 points, by 0.05 per cent, to 4,043.09.
The Japanese market was closed on Monday for a public holiday.