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World markets subdued amid economic gloom
By PAN PYLAS
AP Business Writer
(AP:LONDON) World stocks were mixed Thursday amid light end of year trading as ongoing concerns about the global economy continued to offset any relief provided by this week’s decision by the U.S. Federal Reserve to cut interest rates to near zero percent.
On Wall Street, the Dow Jones industrial average rose 20.07 points, or 0.2 percent, to 8,844.41 while the broader Standard & Poor’s 500 index was up 1.88 points, or 0.2 percent, at 906.30.
In Europe, Britain’s FTSE-100 was down 0.5 percent at 4,304.39, while Germany’s DAX rose 0.8 percent to 4,745.77. The CAC-40 in France was…
18Dec2008 | INO | 0 comments | Continued
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