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US, European stock markets mix

15 February 2010 08:08 (UTC +04:00)

Baku - APA-Economics. European shares fell for the first day in five on Friday after China again tightened lending policy. Banks and miners led the declines, offset by increased demand for defensive stocks. The FTSEurofirst index fell by 0.3pct with the UK FTSE down by 0.4pct and the German Dax lost 0.1pct, International Business Times reports.

US sharemarkets ended mixed in thin, volatile trade on Friday. ChinaÂ´s decision to lift bank reserve requirements surprised investors but technology stocks were well supported. Shares in Motorola rose 7.5pct with Intel up 1.9pct. At the close, the US Dow Jones index was lower by 45 points or 0.4pct with the S&P 500 down 0.3pct, but the Nasdaq bucked the trend lifting by 6pts or 0.3pct. Over the week the Dow Jones was up by 0.9pct with the S&P 500 also up by 0.9pct while the Nasdaq gained 2.0pct.