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GLOBAL OUTLOOK



.DUBLIN ISEQ 7317.73 Down 0.1% on week Ireland's ISEQ index was little changed, gaining 0.1% to 7317.73 on Friday. After heavy falls at the start of the week, which saw the ISEQ drop below the 7000 level for the "rst time in six months, the market rebounded on Thursday. A drop in the price of Elan stocks held the market back. Shares in the company fell 25c to 12.65. C&C was boosted by news that private equity group, BC Partners, has sold E15.5m shares in the snacks and drinks group. Shares in C&C rose 8c to 6.70. Financial shares "nished the week strongly with shares in AIB up 19c to 18.34 and Anglo Irish Bank up 1c to 11.28.

.LONDON FTSE 100 5597.4 Down 1% on week UK stocks fell for the week, along with shares in Europe, amid concern that central banks will keep raising interest rates to contain in"ation. BHP Billiton and Xstrata led mining stocks lower after China moved to curb expansion in the world's fastest-growing major economy. BHP Billiton fell 2.2% to 960p, while Xstrata, which is making a bid for nickel miner Falconbridge, lost 1.6% to 1,934 pence. Marks & Spencer gained, limiting Friday's drop, after Deutsche Bank called Britain's largest clothing store its "top pick" among European non-food retailers. Marks & Spencer rose 3.3% to 573p. Amec slumped 9.6% to 312.5p.

.EUROPE EuroStoxx 50 3247.14 Down 1.3% on week European stocks fell for a third week on speculation that the outlook for higher interest rates worldwide will hurt economic growth and earnings.

European Aeronautic, Defence & Space, the parent of Airbus, plunged after the aircraft maker delayed delivery of the A380 superjumbo for a second time. Veolia and Axa also fell on Friday.

.NEW YORK DOW 11014.55, unch NASDAQ 2129.95, down 0.1% S&P 500 1251.54, down 0.1% The Standard & Poor's 500 Index fell for the "rst time in three days, erasing gains for the week, as a Federal Reserve of"cial reignited concern the central bank will keep raising interest rates. The S&P 500 Index failed to build on Thursday's advance, the biggest in two years, as General Electric declined.




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