Daily Spread Betting and Financial Market Round-up

Financial markets round-up
Wednesday December 12, 2007

The announcement by major global central banks, including the US Federal Reserve, the UK’s Bank of England, the European Central Bank, the Swiss National Bank and the Bank of Canada, of a plan to mitigate the impact of the ongoing credit crisis by injecting $100 billion into the global financial system helped provide some support to equity markets.

However, despite the initial bout of optimism, Wall Street posted only a minor recovery given the sharp pullback seen on Tuesday. By the closing bell, the leading equity market indices had given up most of the strong gains seen earlier in the trading session.

The Dow Jones Industrial Average was up 41.13 points to close at 13473.9, having traded as high as 13704.52 in the morning session. The Nasdaq Composite was the biggest major gainer, up 0.71%, adding 18.79 points to end at 2671.14. The S&P 500 index was up 8.94 points to finish at 1486.59 for the day.

Equities on the London Stock Exchange were generally mixed, although the strong open on Wall Street inspired a strong move off the intraday lows. The FTSE 100 index was up by 22.9 points, to close at 6559.8

FTSE 100 - winners

FTSE 100 - losers

FTSE 250 - winners

FTSE 250 - losers

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