Europe, Asia Lower
European stock markets was were lower Thursday. In London, the Financial Times-Stock Exchange 100 index lost 71.30 points to 5158.30 after terrorists bombed London's transportation system but finished well up from its 5022.10 low. British Airways, Hilton Group, MyTravel Group, and Stagecoach fell on worries global travel industry would be disrupted. Arriva and Prudential fell on worries about insurance claims. Prime Minister Blair, who returned to London, linked the bombings to the beginning of the G8 in Scotland. 99 FTSE stocks fell, 2 rose on turnover of 2,819,000,000 shares. Yields on 10-year gilts fell to 4.19% from 4.27% yesterday but were up from the 4.14% morning level. Sterling fell to $1.7408 as Bank of England left rates unchanged at its policy meeting.
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