Sunday, 10 July 2005

London bombings fail to sink stock markets

Did bombs explode in London recently? Just looking at the performances of stock markets in the past week, you wouldn't have guessed so.

 8 July
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6 July
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2-day
% chg
1 July
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1-week
% chg
S&P 5001,211.861,194.941.41,194.441.5
Nikkei 22511,565.9911,603.53-0.311,630.13-0.6
FTSE 1005,232.205,229.600.05,161.001.4
DAX4,597.974,615.49-0.44,617.07-0.4
CAC 404,300.314,279.950.54,269.620.7
Hang Seng13,964.4714,149.93-1.314,201.06-1.7
Straits Times2,215.992,234.13-0.82,209.950.3

It does look as though the bulls are in control of stock markets at the moment. And it seems fitting too, in the context of the typical bulldog spirit being shown by the British in the wake of the incident.

Barry Ritholtz has more on stock market reactions to terrorism. Start from here.

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