Entries tagged "FTSE 100"
European investors welcomed the news that the White House will consider using money from the $700 billion financial bailout to help the Big Three. Indexes that had fallen steeply on the Senate's defeat of the auto rescue bill had pared their losses by late afternoon Friday. The U.K.'s FTSE 100 was down 2.96% to 4,258.97. France's CAC was off 3.7%, to 3,183.95, and Germany's DAX was down 3.06%, to 4,621.42....
A raft of downbeat earnings reports sent European markets sharply lower Wednesday, offsetting the euphoria over the election of Barack Obama, most certainly the Continent's preferred candidate....
The rhythm has become familiar: Asian stock markets tank, Europe follows, and the Dow drops as markets open in New York. On Monday, Japan's Nikkei index fell 6.4% to a 26-year low, which preceded a 2.3% decline in the FTSE 100 and a 3.1% drop in Germany's DAX index in midday trade. After about an hour of trading, the Dow had pared opening losses and was up a few points....
Global stock markets kept surging on Tuesday, as the U.S. confirmed it will spend about $250 billion buying stakes in banks....
The freeze in global credit markets deepened on Monday even as European stock investors remained hopeful that the U.S. Congress would pass a revised financial bailout package. The LIBOR rate on overnight loans between banks surged to an all-time high of 6.88%, up from 2.57% the day before, as banks have virtually stopped lending to each other. ...
