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World market indices edge lower

04 March 2009 09:52 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. U.S. stocks edged lower for the fifth day in a row as banking system remains weak. Fed Chairman Bernanke urged U.S. Congress to release more funds to stabilize banking system and toughen the regulatory oversight. Miners gained on a rise in copper price on the speculation that China will resume purchasing copper in the international markets.
Dow Jones Industrial Average decreased 37.3 or 0.6% to a close of 6,726.02, S&P 500 Index declined 4.49 or 0.6% to 696.33, and Nasdaq Composite Index edged lower 1.84 or 0.1% to a close of 1,321.01.
In London FTSE 100 Index closed lower 113.74 or 3.14% to 3,512.09, in Paris CAC 40 Index decreased 26.91 or 1.04% to close at 2,554.55 and in Frankfurt DAX index lower 19.35 or 0.52% to close at 3,690.72. In Zurich trading SMI decreased 80.27 or 1.81% to close at 4,358.00.