Significant fall on NYSE and Tokyo Exchange. Europe opens on growth

Miercuri, 21 mai 2008, 12:54 English | Business

The stock exchange in London and the one in Paris opened today on an ascending trend, despite the fact that New York and Tokyo saw significant decrease. The CAC index in Paris increased on Tuesday 0.21%, up to 5,065.28 points, while the London Footsie-100 won 0.22%, up to 6,205 points.

The New York Stock Exchange ended the Tuesday session with a significant fall, given the oil price rise and the increasing inflation risk. Dow Jones dropped 1.53%, while Nasdaq lost 0.95%.

Dow Jones Industrial Average (DJIA) has 199.48 points less than the previous session, reaching 12,828.68 points. The Standard and Poor's 500 index fell 0.93%, down the 1,413.40 points.

In Tokyo, the Nikkei index closed the session with a 1.65% decrease, following the Wall Street trend. Nikkei lost 233.79 points, down to 13,926.30 points.