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| Version 4 | Version 5 |
|---|---|
| Markets mixed on credit concerns | Markets mixed on credit concerns |
| (about 2 hours later) | |
| US markets ended higher but European shares dropped, amid fears that the credit crisis may yet get worse. | |
| The Dow Jones index, which fell earlier on Friday after Thursday's 2.6% drop, rose after strong employment data for October, edging up 0.20% to 13,595.10. | The Dow Jones index, which fell earlier on Friday after Thursday's 2.6% drop, rose after strong employment data for October, edging up 0.20% to 13,595.10. |
| The Nasdaq added 0.56% to end at 2,810.38, while Standard & Poor's 500 Index gained 0.08% at 1,509.65. | The Nasdaq added 0.56% to end at 2,810.38, while Standard & Poor's 500 Index gained 0.08% at 1,509.65. |
| But European stocks ended lower - the FTSE 100 lost 0.8%, France's CAC 40 lost 0.2% and Germany's Dax shed 0.4%. | But European stocks ended lower - the FTSE 100 lost 0.8%, France's CAC 40 lost 0.2% and Germany's Dax shed 0.4%. |
| Earlier, Asian shares took a hammering with Japan's Nikkei index losing 2.1%, while Hong Kong's Hang Seng fell 3.3%. | Earlier, Asian shares took a hammering with Japan's Nikkei index losing 2.1%, while Hong Kong's Hang Seng fell 3.3%. |
| Analysts said US figures released on Friday indicated that the economy was weathering woes in both the housing and credit markets. | Analysts said US figures released on Friday indicated that the economy was weathering woes in both the housing and credit markets. |
| Figures from the US Labor Department showed that 166,000 jobs had been created in October, while the Commerce Department said new orders at US factories unexpectedly rose by 0.2% in September, boosted by gains in machinery and computer orders. | Figures from the US Labor Department showed that 166,000 jobs had been created in October, while the Commerce Department said new orders at US factories unexpectedly rose by 0.2% in September, boosted by gains in machinery and computer orders. |
| Oil nerves | Oil nerves |
| European and Asian shares had earlier fallen - largely on the back of Thursday's Wall Street losses. | European and Asian shares had earlier fallen - largely on the back of Thursday's Wall Street losses. |
| There were also concerns that US interest rates might not drop further after the Federal Reserve warned of inflationary risks after its latest cut. | There were also concerns that US interest rates might not drop further after the Federal Reserve warned of inflationary risks after its latest cut. |
| The price of oil, which climbed above $96 a barrel on Thursday and was trading at about $93.50 on Friday, had also made investors nervous, analysts said. | The price of oil, which climbed above $96 a barrel on Thursday and was trading at about $93.50 on Friday, had also made investors nervous, analysts said. |
| Elsewhere, shares in Shanghai shed 2.3%, Australian stocks dropped 1.9% and Singapore's leading index fell back 2.5%. | Elsewhere, shares in Shanghai shed 2.3%, Australian stocks dropped 1.9% and Singapore's leading index fell back 2.5%. |
| The BBC Global 30, which tracks stocks worldwide, slipped 0.9%, having fallen 1.6% on Thursday. | The BBC Global 30, which tracks stocks worldwide, slipped 0.9%, having fallen 1.6% on Thursday. |