Daily Equity Prices and Market Overview 29.09.2012
Today, on the anniversary of the 1929 stock market crash, a big hurricane named Sandy kept Wall Street closed. This was the stock market’s first weather-related closure in 27 years. U.S. equities and bond markets will be kept closed on Tuesday and depending on the weather conditions and the damages caused by Sandy it also may extend into Wednesday. European equities slipped, as markets were influenced by expectations that huge damage claims will occur due to the hurricane Sandy. Furthermore uncertainty over whether Greece can agree to a deal on austerity and with no sign of when Spain might request aid also affected the European market.
The CAC40 closed at 3,408.89, declining 26.20 points (-0.76%), FTSE100 closed at 5,795.10, declining 11.61 points (-0.20%) and DAX40 closed at 7,203.16, declining 28.69 points (-0.40%).
Apple Inc. (AAPL)’s iPad mini will now take about two weeks to ship to customers who order it from the company’s online store, giving feed to rumors that product may be temporarily sold out. The 7.9-inch iPad mini, which costs $329 to $659, is entering a tablet market crowded with cheaper alternatives from Amazon.com Inc., Google Inc. and Samsung Electronics Co. Rumors are been supported by the fact that last time Apple has experienced shipping delays and supply shortages with other products, was with iPhone 5.