Author: 123jump.com Staff
123jump.com
Last Update: 11:27 AM EST February 20 2006
For the most part market ignored the rise in core PPI as reported by the government. Rise in oil price and mixed earnings in the tech sector dominated stock-specific trading. Reinsurer, PXRE Group tumbled 65% on higher charges related to Hurricane Katrnina. Global markets, especially markets in Japan, India declined by 2% and 1%. European markets closed higher, near four year high. European miners led rally across the region. Markets in Brazil and Canada lead averages higher in the Americas.
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