Global Stocks Surge on Credit-Market Moves

New Treasury plans also boost market

By Matt Cantor, Newser Staff

Posted Sep 19, 2008 4:33 AM CDT

(Newser) – World stocks jumped today on government measures to stop the credit-market meltdown and news that the US and the UK were getting tough on short sellers, Bloomberg reports. Deutsche Bank and Credit Suisse climbed 15% after four days of decline in Europe, while Australia’s... Read full story »

COMMENTS

Read the comment policy

You need to Log in to Newser to comment. Don't have an account yet? Sign up now!

There are no comments

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

What's Popular Now on Facebook

Cops Shoot Naked Guy Eating Man's Face on Highway

Japanese Artist Serves Up Own Cooked Genitals

Bloomberg (Source Grid »)
Bloomberg (Source Grid »)

Markets jump worldwide
CNN

Government proposal lifts dollar
Bloomberg

World • Money

stock market • Credit Suisse • Deutsche Bank • futures market • regulation • short selling • European stocks • HBOS

More Newser Stories

Risk-Averse Euro Markets Retreat

Subprime mortgage damage, uncertainty continue to spread

(NEWSER) - European markets plunged today over worries about the spreading subprime mortgage crisis. Analysts downgraded UBS and Deutsche Bank, which dropped, and all 14 open Western European exchanges lost ground, echoing the Asian markets' earlier retreat. "There's a lot of uncertainty about what's going on and who has lost money from the credit-market debacle," says a Swiss strategist. More»

European Markets Plunge at Open

German, French indexes drop more than 3%; Asian stocks down at close

(NEWSER) - European stock markets opened markedly lower today over continued misgivings about the situation in the US and Europe, the New York Times reports. Germany’s main index fell 3.9% this morning, while France’s fell 3.4%—on the heels of yesterday's 5% drop; Britain’s benchmark index was down 2.8%. Meanwhile, Asian stocks tumbled, with Japan’s Nikkei 225 closing down 2.5%, South Korea’s Kospi falling 6.2%, and Tawain’s Taiex dropping 3.6%. In Australia, the market closed down 3.5%. More»

European Countries Ban Short Selling

First Western ban on practice since Lehman fall

(NEWSER) - European markets are up today following the decision by four countries to ban short-selling of some stocks. After stumbling this morning, London’s FTSE 100, Frankfurt’s Dax, and Paris' Cac rose between 1.5% and 2.5%, the BBC reports. The last major Western short-selling ban came in the US and UK after the fall of Lehman Brothers. There are no plans to expand the current temporary bans beyond France, Italy, Spain, and Belgium, said a top European regulator—but he wouldn’t rule it out. More»

Feds Sue Big Oil Traders for Goosing Prices

Regulators say they scored $50M by manipulating '08 spike

(NEWSER) - Federal regulators have charged a pair of big-time traders and their firms with illegally manipulating oil prices during the 2008 oil crisis. According to the Commodity Futures Trading Commission, the firms made $50 million in “unlawful profits” by hoarding nearly two-thirds of the oil available in one major US trading hub, creating the impression of scarcity and driving up prices. Then they allegedly took big short positions and dumped their barrels back onto the market all at once, crashing prices, the New York Times reports. More»

GDP Grows 2% in Q3

Growth fits economists' predictions

(AP) - The economy grew slightly faster over the summer as Americans spent a little more freely: The GDP grew at a 2% rate during the third quarter, in line with what economists had forecast. It marks a slight improvement over last quarter, when the GDP grew at a 1.7% rate. Consumers helped boost last quarter's economic growth with 2.6% growth in spending, the biggest quarterly increase since the end of 2006, before the recession hit. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

Global Stocks Surge on Credit-Market Moves

New Treasury plans also boost market

stock market • Credit Suisse • Deutsche Bank • futures market • regulation • short selling • European stocks • HBOS

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Risk-Averse Euro Markets Retreat

Subprime mortgage damage, uncertainty continue to spread

European Markets Plunge at Open

German, French indexes drop more than 3%; Asian stocks down at close

European Countries Ban Short Selling

First Western ban on practice since Lehman fall

Feds Sue Big Oil Traders for Goosing Prices

Regulators say they scored $50M by manipulating '08 spike

GDP Grows 2% in Q3

Growth fits economists' predictions

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?