European Countries Ban Short Selling

Tokyo, London advance after Wall Street's crazy day

(NEWSER) - Asian and European markets rose today, reacting to the sharp swing from negative to positive in New York yesterday. In Tokyo the Nikkei gained 2.7%, while the FTSE in London was up 3.3% in mid-morning trading. Bargain-hunting investors pounced on undervalued financial stocks: Anglo American jumped nearly 10% in early trading while Man Group advanced 6.5%. More»

But volatility ensures we'll need to update this in no time

(NEWSER) - Stocks saw a strong open this morning, with the Dow rising 135 points after a positive quarterly report from IBM and a rally in European stocks, the Wall Street Journal reports. But investors were also mulling a worse-than-expected jobs report. Though new jobless claims fell by 20,000 last week, moving off a 7-year high, analysts had expected a slightly bigger decline. More»

'This is just about fear right now'

(NEWSER) - Stocks continued downward today, with the Dow falling a record 782 points, the Wall Street Journal reports, and settling mid-afternoon around 9,571, below 10,000 for the first time since October 2004. “This is just about fear right now, and whether stocks are going to close down 200 or 900 points,” said one trader. All 30 of the index's stocks were in the red. More»

(NEWSER) - Stocks were down in Europe and Asia today amid fears of a global recession despite the massive government bailout being arranged in the US. Europe's Dow Jones Stoxx 600 Index dipped for a second day, falling 1.8% in early trading, Bloomberg reports. Barclays fell 3.6% and Australia's Macquarie Group Ltd.dipped 4.5%. The MSCI Asia Pacific Index dropped .6%, ending a two-day rally. "The problems aren't resolved," warned one analyst. More»

Temporary ban on short-selling causes fundamental shifts

(NEWSER) - Stocks roared back to life yesterday on the government’s actions to stabilize the markets, but many traders expressed uncertainty about the new rules of the game, the New York Times reports. The temporary ban on short selling and the new requirement to disclose such trades have wreaked havoc with core mechanics of the market, causing computer glitches and erroneous trading prices in some instances. More»