Global Equities Mixed After Mubarak Vows Not to Stand Down

US Market Close: 10th February 2011

Global equity markets finished in mixed territory today after Egypt president Hosni Mubarak defied his detractors and in a much anticipated speech, vowed not to resign as president in the immediate future.

The DOW finished 10.6 points lower, closing at 12,229.29, after posting 8 consecutive days of gains.  Earlier in the day after global indexes had retreated, markets rebounded slightly at the close on rumours Mubarak was about to make a speech suggesting he would step dowm immediately.

The NASDAQ also rose 1.38 points, to end at 2,790.45 and the S&P500 gained 0.99 points, to finish at 1,321.87.

In London the FTSE100 closed at 3025.68, 5.94 lower, and the DAX finished in positive territory at 7340.28, up 19.38 points.

Gold made a modest gain of $2.40 an ounce to $1364. Oil (WTI) was also up on unrest in Egypt to close $87.62 per barrel, up 1.03%.

In Asia, halway through todays session, the Nikkei and Hangseng are down between 0 and 1%, and the S&P/ASX200 in Australia is down 15 points at midday.

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