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Print Print 2004-04-07

Closing stock market indices

Here is how major stock markets outside the United States ended on Tuesday.
Published April 7, 2004

Here is how major stock markets outside the United States ended on Tuesday.
EUROPE STOCKS EXCHANGE: European blue chips snapped a three-session winning streak as world-leading mobile phone maker Nokia tumbled after it stunned investors by lowering its first-quarter earnings forecasts.
Nokia said it now expected January-to-March earnings per share of 0.17 euro versus a previous guidance of 0.17-0.19 euro, which took its shares down over 17 percent to a three-month low of 14.40 euros.
Rhodia was another heavy decliner after the troubled French chemicals firm launched a 471 million euro rights issue, knocking its shares 12.2 percent lower as the market discounted the dilutive impact of the capital increase.
Worries over possible interest rate rises in the United States and in Britain also undermined sentiment, as investors feared higher borrowing costs may cap consumption and smother economic recovery.
The FTSE Eurotop 300 index of pan-European blue chips closed 0.5 percent lower at around 1,012.5 points, while the narrower DJ Euro Stoxx 50 index shed 1.4 percent to about 2,865.
FRANKFURT STOCKS EXCHANGE: The DAX index ended at 4,022.81 points, down 25.79 or 0.64 percent.
PARIS STOCKS EXCHANGE: The CAC-40 index closed at 3,746.11 points, down 35.09 or 0.93 percent.
ZURICH STOCKS EXCHANGE: The Swiss market index closed at 5,767.3 points, down 48 or 0.83 percent.
MILAN STOCKS EXCHANGE: The All Share Mibtel index closed at 20,900 points, down 69 or 0.33 percent.
SYDNEY STOCKS EXCHANGE: The stock market rose to a fresh two-year high but pared its early gains to finish little changed as resource stocks slipped on weaker base metals and gold prices.
The S&P/ASX 200 index closed at 3,455.9, up 3.6 points or 0.1 percent.
JOHANNESBURG STOCKS EXCHANGE: Fund managers scooped up South African financial stocks such as FirstRand, bolstering the wider stock market as many stocks hit multi-year peaks.
The strong showing in financials helped lift the all share index to a positive result after slipping into the red on Monday. It rose 41.87 or 0.39 percent to 10,904.04 points, bringing the year's gains to around five percent.
The All Gold index closed at 2,172.91 points, up 10.75 or 0.50 percent, while the Industrial index closed at 7,448.23 points, up 49.13 or 0.66 percent.

Copyright Reuters, 2004

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