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European Stock Markets Close Lower

April 4, 2002

LONDON (AP) _ European stock markets fell Thursday as recent demand for oil stocks cooled off.

The rally in crude oil prices had been sparked by escalating tensions in the Middle East.

The decisions by the European Central Bank and the Bank of England to keep their key rates at current levels had little impact on markets.

The Dow Jones Stoxx Total Market Index of shares in European companies fell 2.53 points to 285.04 points. The Dow Jones Euro Stoxx Total Market Index, which tracks companies in countries that joined the single currency, was down 3.62 points at 280.62 points.

The Dow Jones Euro Stoxx 50 Index fell 58.7 points to 3,689.8 and the Dow Jones Stoxx 50 Index was down 39.2 points at 3,624.6.

In domestic markets, The Financial Times-Stock Exchange 100-share index fell 38.30 points, or 0.73 percent, to 5,209.50; the CAC 40 Index in Paris tumbled 93.95 points, or 2.03 percent, to 4,538.31; and Frankfurt’s Xetra DAX lost 26.89 points, or 0.51 percent, at 5,254.95.

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