Tuesday's Trading: London Shares Fall Slightly; Mexico Plan Lends Support

The Financial Times-Stock Exchange 100 Share Index fell 4.3 points to 2991.6. The broader Financial Times-Stock Exchange Mid 250 Share Index fell 11.9 points to 3370.4. Volume surged to 477.1 million shares from 396.4 million shares on Monday. The market received a boost from Mr. Clinton's anno...

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Bibliographic Details
Published inWall Street journal. Europe
Main Author This article was prepared by Suzanne Miller, Sarah Sloat, Charlene Lee and Vito Racanelli Of the AP-Dow Jones News Service
Format Newspaper Article
LanguageEnglish
Published Brussels Dow Jones & Company Inc 01.02.1995
EditionEurope
Subjects
Federal Reserve monetary policy
Interest rates
Settlements & damages
Stock exchanges
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Summary:The Financial Times-Stock Exchange 100 Share Index fell 4.3 points to 2991.6. The broader Financial Times-Stock Exchange Mid 250 Share Index fell 11.9 points to 3370.4. Volume surged to 477.1 million shares from 396.4 million shares on Monday. The market received a boost from Mr. Clinton's announcement that he was abandoning his original rescue package for Mexico of $40 billion because it seemed headed for certain failure in the U.S. Congress. In its place, he announced a new package that will draw on $20 billion of U.S. sources. It also emerged that the Basel-based Bank for International Settlements is studying the possibility of doubling the $5 billion in credits subscribed for Mexico by member nations to $10 billion. At the same time, Mexico said the International Monetary Fund is expanding its credit package to $17.76 billion. The DAX Index, compiled at the close, fell 13.76 points to 2021.27. The FAZ Index, tallied at midsession, fell 4.64 points to 756.53. The broader-based CDAX composite index slipped 0.99 point to 197.38 points.
ISSN:0921-9986