Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Euro Stocks, US Futures Rise, Asia Dips

Big exporters still trembling over possible US slowdown

By Sam Gale Rosen,  Newser Staff

Posted Aug 29, 2007 7:44 AM CDT

(Newser) – European stocks and US futures advanced overnight, as traders waxed optimistic that the credit crisis won't spread to affect the broader economy. But Asian markets are more concerned about the general prospect of a US slowdown—which could hit Asia's export-heavy economy hard.

The Stoxx 600 was up .3%, while the Nikkei was off 1.7%, and the Yen lost some of its recent steam, falling to over 114 to the dollar. "Things may not be as bad as they seem as the crisis so far is a question of liquidity not solvency,'' says an Edinburgh investment manager. In Asia, things don't look so rosy. "The market is suffering from a trust problem, it's a lack of confidence." says an Asian equity expert.

A pedestrian passes an electric stock board in Tokyo, Wednesday, Aug. 29,  2007.  Japan's benchmark Nikkei 225 stock index plunged 2.52 percent Wednesday morning after the Dow Jones fell 280 points overnight on Wall Street. The Nikkei was 15,876.60 points, down 410,89 points, or 2.52...
A pedestrian passes an electric stock board in Tokyo, Wednesday, Aug. 29, 2007. Japan's benchmark Nikkei 225 stock index plunged 2.52 percent Wednesday morning after the Dow Jones fell 280 points overnight...   (Associated Press)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Be the first to comment on this story.

Related Coverage

Asian market wrap
Wall Street Journal Subscription

A global view from Brisbane
Brisbane Times (Australia)

And the dollar slips
Associated Press

More Newser Stories

Investors Might Reap Rewards of Dollar's Slide

Automakers Lead Sharp Selloff Worldwide

Fed Joins 5 Central Banks in Shock Rate Cut

World Economy May Dodge US Downturn

Asian Markets Stumble on Political News


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne