Sun, May 16, 2004 - Page 10 News List

European markets turn defensive, miners lose

REUTERS , LONDON

Credit Agricole was another decliner, off 1.7 percent at 19.65 euros despite the French bank reporting a net profit ahead of market expectations, as revenues and operating profits came in lower than forecast.

As European markets shut, Wall Street was weaker, with the Dow Jones Industrial Average off 0.2 percent at 9,987 points, struggling to end the week above the psychologically important 10,000 point mark.

The tech-studded NASDAQ Composite shed 1.1 percent to 1,904 points.

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