6 Feb 2009

Europe stocks little changed

8:44 am on 6 February 2009

Stock markets in Europe closed little changed on Thursday.

The pan-European FTSEurofirst 300 index closed 0.1% lower at 810.49 points.

Earlier, the European Central Bank on Thursday left its rates unchanged at 2%, as expected.

In Frankfurt - the DAX index ended at 4,510.49 points, up 17.7 or 0.39%.

In Paris - the CAC-40 index closed at 3,066.29 points, down 2.7 or 0.09%.

The Swiss market index closed at 5,106.85 points, down 118.61 or 2.27%.

In Britain, the FTSE 100 index ended up 0.33 points at 4,228.93.

Earlier, the Bank of England cut its base rates by 50 basis points to an all-time low of 1%. The cut was widely expected.

Other markets

In Japan, the Nikkei fell 89.29 points, 1.1%, to 7,949.65.

In Hong Kong, the Hang Seng Index ended up 115.01 points. 0.9%, at 13,178.90.

In Australia the S&P/ASX 200 slipped 9.3 points, 0.3%, to close at 3,428.6.

The All Ordinaries fell 9.7 points, or 0.29% per cent, to 3372.6.

In New Zealand, the NZX 50 closed 5 points up at 2773 on turnover of $64 million.

There is no market trading in New Zealand on Friday.