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SUNDAY, NOVEMBER 8, 2009
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Stocks Drop in Europe, Asia Amid Recession Fears

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(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.

Traders on the floor of the New York Stock Exchange yesterday.
Traders on the floor of the New York Stock Exchange yesterday.   (AP Photo/Richard Drew)
A trader scurries to a post at the New York Stock Exchange yesterday.
A trader scurries to a post at the New York Stock Exchange yesterday.   (AP Photo/Richard Drew)
Visitors watch traders working on the floor of the Brazilian Mercantile and Futures Exchange in Sao Paulo yesterday.
Visitors watch traders working on the floor of the Brazilian Mercantile and Futures Exchange in Sao Paulo yesterday.   (AP Photo/Andre Penner)
Traders watch the numbers at the New York Stock Exchange yesterday.
Traders watch the numbers at the New York Stock Exchange yesterday.   (AP Photo/Richard Drew)
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