29 May 2009

European stocks fall

6:49 am on 29 May 2009

European shares fell on Thursday amid renewed jitters over the health of the financial sector.

The FTSEurofirst 300 index of top European shares closed 1.2% lower at 860.21 points.

In Frankfurt, the DAX index ended at 4,932.88 points, down 67.89 or 1.36%. In Paris, the CAC-40 index closed at 3,263.7 points, down 31.16 or 0.95%.

The Swiss market index closed at 5,350.59 points, down 68.83 or 1.27%.

In London, the FTSE 100 was 28.69 points, 0.7%, lower at 4,387.54.

The index is down around 1.6% this year but has risen 26% since 9 March.

Asian markets

In Japan, the Nikkei rose 12.62 points, 0.13%, to 9,451.39.

The market in Hong Kong was closed on Thursday for the Dragon Boat Festival holiday and will reopen on Friday. On Wednesday the Hang Seng Index closed up 893.71 points at 17,885.27.

In Australia, the S&P/ASX 200 index fell 45.4 points, 1.2%, to 3,755.7, after having risen 1.7% in the past two days. The All Ordinaries fell 41.4 points, or 1.09%, to 3753.9.

In New Zealand, the NZX 50 closed down 48 points, or 1.7%, at 2721 on turnover of $95 million.

Telecom closed down 9 cents to $2.52, Contact Energy was down 13 cents to $5.72, Fletcher Building was down 10 cents to $6.30, Fisher & Paykel Appliances was up 3 cents to $1.06 and Mainfreight down 31 cents to $4.59.

In currency markets: the New Zealand dollar was at 61.75 US cents, 79.47 Australian cents, 38.77 pence, 59.52 yen and 0.4467 euro. The The Trade Weighted Index was at 59.13.