Thu, Nov 26 2009
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European stocks calm as US readies for 4th of July PAN PYLASAP Business Writer "With New York shut for Independence Day the boys and girls in equity trading rooms are levitating two inches above the carpet in anticipation of the two Andys swapping rackets at 50 paces... and care little about the vagaries of the market place," said David Buik, a markets analyst at BGC Partners in London. Earlier, Japan's Nikkei 225 stock average dropped 60.08 points, or 0.6 percent, to 9,816.07, and Hong Kong's Hang Seng closed up 25.35 points, or 0.1 percent, to 18,203.40 after trading in the red most of the day. Australia's benchmark fell 1.4 percent, and Singapore's main index finished down 1 percent. China's Shanghai Composite index was largely flat. In Korea, the Kospi rebounded to close up 0.6 percent. Oil prices rose in light holiday trading volume after tumbling the day before as the disappointing U.S. job numbers raised concerns about demand. Benchmark crude for August delivery fell 48 cents to $66.25 a barrel. The dollar was up 0.1 percent at 96 yen, while the euro rose 0.3 percent to $1.3992. ____ 
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