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European stock exchanges grow significantly, oil price decreasing

de Radu Rizea
Miercuri, 30 iulie 2008, 12:31 English | Business

Stock exchanges in London, Paris and Frankfurt opened their sessions on Wednesday on a significant growing trend, following the trend set by NYSE. In London, Footsie-100 won 1.11%, in Paris, CAC 40 grew  0.85%, compared to Tuesday, while the German index, DAX, won 0.11% in Frankfurt.

The Japanese market was also closed on green. Nikkei grew 1.58%, up to 13,367.79 points, AFP informs.

The New York Stock Exchange (NYSE) closed on green on Tuesday, with a significant growth given by the strengthening dollar and the oil price decrease.

Dow Jones won 2.39%, while Nasdaq won 2.45%.The Standard & Poor's 500 indicator also won 28 points, up to 1,263.20 (+2.34%).

The price for a barrel of oil decreased on Wednesday morning on Asian markets. The light sweet crude oil lost 42 cents, down to 121.77 dollars, while the Brent oil lost 29 cents, down to 122.42 dollars.

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