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Market Update : 
Commodites Drag UK, Financials Drop in Europe
Author: 123jump.com Staff
123jump.com
Last Update: 3:46 PM ET September 05 2008

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UK stocks fell 2.3% after commodities and crude oil prices in the region declined. Informa rejected a lowered offer from a consortium of private equity investors and held out for a higher offer. The troubled mortgage lender HBOS plc is exploring a possible sale of its Australian units. Johnson Matthey led decliners in the FTSE 100 index shares with a fall of 8.5% followed by losses in Kazakhmys Plc of 8.2%, in Eurasian Natural of 7.6%, in Ferrexpo Plc of 7.1%, and Antofagasta of 7%.

 
In London FTSE 100 Index closed lower 121.40 or 2.26% to 5,240.70, in Paris CAC 40 Index decreased 107.35 or 2.49% to close at 4,196.66 and in Frankfurt DAX index lower 152.13 or 2.42% to close at 6,127.44. In Zurich trading SMI decreased 108.06 or 1.53% to close at 6,976.59.


$22.57
 -0.35%
$77.80
 -1.94%
$221.85
 -2.56%
$51.17
 -1.95%
$21.66
 -0.28%
$3.72
 9.09%
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