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FRIDAY, NOVEMBER 27, 2009
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Global Stock Markets Mixed After Obama Win

Asia sees credit thaw, Europe dips on weak earnings reports

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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.

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.
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)
Traders talk inside a booth as the electronic board flashes the market trends around the world today in Manila's financial district of Makati Wednesday.
Traders talk inside a booth as the electronic board flashes the market trends around the world today in Manila's financial district of Makati Wednesday.   (AP Photo/Pat Roque)
A trader reads a newspaper inside her booth today at the Philippine Stock Exchange.
A trader reads a newspaper inside her booth today at the Philippine Stock Exchange.   (AP Photo/Pat Roque)
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The election in the U.S. removes one uncertainty, but we have some earnings disappointments today that reminds us the economic path ahead of us won't be an easy one.'' - Lawrence Peterman, London analyst

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