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Last Updated: Wednesday, 7 March 2007, 22:44 GMT
Markets mixed in wake of sell-off
New York traders
Overnight gains in New York lifted sentiment across much of Asia
Stock markets were mixed on Wednesday in the wake of last week's global sell-off.

The German and French exchanges rose, with London's main index reversing earlier losses to finish ahead.

On Wall Street the Dow Jones and Nasdaq were stable but both closed lower after struggling for direction.

The global shares slide was triggered last Tuesday by a slump in Chinese stocks, although broader fears about the US economy added to the sell-off.

Investors dumped stocks amid concerns that they were overvalued and that US economic growth could slow.

"Although a lot of people, such as policy makers, keep saying the US economy is fine, investors remain worried," said Koichi Ogawa, chief portfolio manager at Daiwa SB Investments.

"The scenario that the US economy would see a soft landing has been somewhat destroyed."

The FTSE 100 put on 18 points to close at 6156.5.

The Dow Jones ended 15.14 points, or 0.12% lower at 12,192.45 while the Nasdaq slipped 0.44% to 2,374.64.

Earlier China's Shanghai Composite index closed up 1.9%, but Tokyo's benchmark Nikkei 225 index closed down 0.5% as investor sentiment remained nervous.




MARKET DATA - 11:36 UK

FTSE 100
5429.64up
23.70 0.44%
Dax
5733.05up
19.54 0.34%
Cac 40
3784.02up
14.48 0.38%
Dow Jones
10403.79up
78.53 0.76%
Nasdaq
2273.57up
35.31 1.58%
S&P 500
1115.71up
11.22 1.02%
BBC Global 30
5707.15up
20.65 0.36%
Data delayed by at least 15 minutes

SEE ALSO
Global stock markets close higher
06 Mar 07 |  Business
US joins latest global stock drop
05 Mar 07 |  Business
Chinese market gold rush goes on
04 Mar 07 |  Business

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