Global Stock Markets Mixed After Obama Win

Asia sees credit thaw, Europe dips on weak earnings reports
By Jim O'Neill,  Newser User
Posted Nov 5, 2008 5:39 AM CST
A man looks at an electronic stock board showing President-elect Barack Obama making a victory speech in front of a securities firm in Tokyo today.   (AP Photo/Shizuo Kambayashi)
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(Newser) – The dollar gained ground on the euro following Barack Obama’s presidential election win, as investors sensed a glimmer of hope in the US battle to turn around its economy under a new administration. Asian markets were up as credit worries eased slightly, reports Bloomberg. But poor earnings reports sent European stocks lower for the first time in a week, and US index futures index slid.