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Wednesday, May 24, 2006

Europe Market Report 5/24/2006 BP, GSK, BCS, DCX, DT

Concerns about bird flu and commodities prices were the primary drivers of trading in Europe. Oil and commodities prices were down.

At 7:45 in New York, the FTSE 100 wsa off 1.7% to 5,583. BEA Systems was down 3% to 362. Barclays was down 2%to 598. BP was down 2.5% to 619. GlaxoSmithKline was down 1.5% to 1,462. And, Reuters was off 3.5% to 370.

The Daxx was down 1.5% to 5,592. Allianz was down 2.5% to 120. Bayer was down 2% to 34. DaimlerChrysler was off 1% to 40. Deutsche Telekom dropped 1% to 12.4. Siemens was off 2.6% to below 67.

The CAC 40 was down 1.8% to 4,845. And, the SMI Index was of 1.6% to 7,452.

Douglas A. McIntyre
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