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European markets close in red; US opens in red too

June 11th, 2008

The European Markets closed the day in the red. Russell 1000 is down 8.38 points or 1.12%. The FTSE 100 closed 104 points down or 1.78%. The FTSE 250 too is down, by about 1.96%. The FTSE All Share is down 40.08 points or 1.35%. The UK unemployment numbers are out and they showed a raise for the fourth month.

Leading gainers of the day include Sibir Energy plc, Lamprell Plc, SOCO International plc, Capita Group plc and Centrica Plc. The losers list include HBOS plc, Royal Bank of Scotland Group plc, Alliance & Leicester Plc, Inchcape plc and Daily Mail and General Trust amongst others.

Meanwhile the US markets too opened in the red.

NASDAQ is at 2414.96 down by 33.98 points or 1.39%. The DJIA is at 12129.37 down by 160.39 points or 1.31%. The S&P 500 is at 1342.44 down by 16.00 or 1.18%. Fed Reserve Vice Chairman Kohn said that anchoring inflation expectations “is critical” and that the gain in oil prices is raising consumer inflation expectations. Looking at the sectoral indices, the Energy sector is looking good while the Transporation is in deep red at the moment.

Entry Filed under: Global Markets