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Global markets surge in value

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Monday, October 13, 2008

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Markets worldwide have surged in value following efforts by governments to ease the effect of the ongoing financial crisis, which has recently caused a massive decline in the value of stock markets.

On Sunday, the fifteen countries from the Eurogroup – that is, those countries which use the euro as official currency – had agreed on a joint plan to face the crisis, which would consist in supporting financial institutions and by guaranteeing interbank loans.

The Eurogroup meeting was the last of many which took place during the weekend. The G7 nations had met in Washington at the same time that the International Monetary Fund and the World Bank held their Autumn meetings.

The Dow Jones Industrial Average index is one of the indexes that have done particularly well today, and it closed up 11.08%, well over 9,000 points. General Motors was the best performer in this index, with its value rising by 31.49%. The Nasdaq rose by 11.81%.

The FTSE 100 has today gone up in value by 8,26%, to take the index back over the four thousand mark. TUI Travel was the best performing company in this index. It went up by 41.25 points (21.48%), to take it to a new share price of 233.25. Some shares in the FTSE, however, have continued to fall dramatically. HBOS today dropped in value by 31.48%.

The Brazilian Bovespa index today went up by 14,66%, while the Hang Seng and Singapore Straits Times went up by 10.24% and 6.57% respectively.

Stocks exchanges in Tokyo, Buenos Aires and Toronto were closed due to national holidays.

Market data

22:00, Monday, October 13, 2008 (UTC)
  • DJIA
    		•  9.387,61 Profit 936,42 Profit 11,08%
  • Nasdaq
    		•  1.844,25 Profit 194,74 Profit 11.81%
  • S&P 500
    		•  228,14 Profit 23,30 Profit 11,37%
  • S&P TSX
    		•  9.065,16 Steady 0,00 Steady 0.00%
  • IPC
    		•  22.095,90 Profit 2.190,62 Profit 11,01%
  • Merval
    		•  1.215,990 Steady 0.00 Steady 0,00%
  • Bovespa
    		•  40.829,13 Profit 5,219.63 Profit 14,66%
  • FTSE 100
    		•  4.256,90 Profit 324,84 Profit 8,26%
  • DAX
    		•  5.062,45 Profit 518,14 Profit 11,40%
  • CAC 40
    		•  3.531,50 Profit 355,01 Profit 11,18%
  • SMI
    		•  5.956,32 Profit 609,10 Profit 11,39%
  • AEX
    		•  285,27 Profit 27,22 Profit 10,55%
  • BEL20
    		•  2.324,80 Profit 201,36 Profit 9,48%
  • MIBTel
    		•  17.125,00 Profit 1.687,00 Profit 10,93%
  • IBEX 35
    		•  9.955,70 Profit 958,00 Profit 10,65%
  • All Ordinaries
    		•  4.141,90 Profit 202,40 Profit 5,14%
  • Nikkei
    		•  8.276,43 Steady 0,00 Steady 0,00%
  • Hang Seng
    		•  16.312,20 Profit 1.515,29 Profit 10,24%
  • SSE Composite
    		•  2.073,57 Profit 73,00 Profit 3,65%


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    Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

    Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

    Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

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