Stock Markets

Tokyo stocks rise in early trading

Tokyo stock marketTokyo - The Tokyo stock market was higher in early trading Wednes

Eid el-Fitr saves Egyptian market 'for the time being'

Eid el-Fitr saves Egyptian market 'for the time being'Cairo  - While world markets were going up and down on Tuesday, in the wake of US Congress defeat of a 700-billion- dollar plan to ease trouble in the financial industry, the Egyptian stock market was safe from all the turmoil.

It was closed - marking the Eid al-Fitr holiday.

The Egyptian Stock Exchange, along with other Arab bourses, were not open due to the three-day feast holiday, which marks the end of the fasting month of Ramadan.

London market steadies after uncertain start

London market steadies after uncertain start London - After a wobbly start, the London stock market held its nerve Tuesday with the Financial Times Index up by lunchtime while bank shares were among the biggest fallers in a mixed session.

The FTSE-Index was up by 26.03 points - or 0.54 per cent - to reach 4844.80 points in mid-trading.

Analysts said that after the initial shock about the US failure to adopt the bail-out plan, investors were clearly hopeful that a package would eventually be agreed.

Nordic bourses regain some ground

Stockholm  - The main stock exchanges in Europe's Nordic region recovered some ground in late morning trading Tuesday.

Although the Stockholm bourse dropped almost 3 per cent just after opening, continuing Monday's slide, it settled and was almost flat in late morning trading.

The Stockholm index closed at a low of 5.4 per cent on Monday, before the US House of Representatives voted against a 700-billion- dollar rescue plan.

Shares in the four main Swedish banking groups regained territory Tuesday, including Swedbank, which had been hammered Monday.

The benchmark indexes in Copenhagen and Helsinki were also up Tuesday after Monday's losses.

Spanish stock market continues on downward trend

Spanish stock marketMadrid - The Madrid stock mar

German stocks slide after US bail-out setback

German stocks slide after US bail-out setbackFrankfurt - German stocks eased Tuesday after the US Congress rejected Washington's bail-out plans.

The slide on the Frankfurt Stock Exchange was more moderate that in some other markets, with the bellwether DAX index falling 2 per cent from Monday's close before settling at 5761, down 0.8 per cent.

Bank stocks remained weak, a day after a German mortgage lender, Hypo Real Estate, won a financial lifeline from other banks and the German government.

It was the first German company to need help in the current crisis.

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