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Dow Jones and S&P falls 1.6%, Nasdaq â€“ 1.8%

17 November 2010 07:57 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. The Dow Jones industrial average finished 1.6% lower at 11 024, S&P also fell 1.6% to 1 178, Nasdaq â€“ 1.8% to 2470. The investors worry about the economic developments in Europe and China, because lowering of percentage rates could hamper the world economyâ€™s revival, APA-Economics reported.
Londonâ€™s FTSE 100 may open 2.4% lower at 5,682, the CAC 40 index in France virtually unchanged 2.6% at 3,763, and DAX in Germany 1.8% at 6,663. Developments in the European markets: BP shares fell 3.3%, Royal Dutch Shell â€“ 2.1%, Total â€“ 3.3%, BNP Paribas â€“ 3.5%, Societe Generale â€“ 4.5%, Deutsche Bank â€“ 1.5%, Standard Chartered â€“ 4.4%, Lloyds Banking Group â€“ 1.5%, Royal Bank of Scotland â€“ 4.7%.
Gold prices became 2.2% lower at $1 338,4 per ounce on November 16.
EUR/USD closed the session at 1.3510 (+0.2%) in the world market.