NEWS ABOUT: DAX
DAX stories: 9 news briefs
MARKETS
Hang Seng has best day in 4 months, Europe rallies
Wall Street Journal Apr 2, 09 4:50 AM CDT
(Newser Summary) -
Asian stocks soared and European exchanges opened strong, reports the Wall Street Journal , as investors expressed optimism for a G20 deal and prepared for a probable 50-point rate cut by the European Central Bank. The Hang Seng in Hong Kong rocketed 7.4%, its best day in four months, while in Tokyo the Nikkei closed up 4.4%. By mid-morning the main bourses in London, Paris and Frankfurt had all advanced by more than 3%.
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MARKETS
Nikkei drops 4.5%, Europe opens down
Wall Street Journal Mar 30, 09 5:35 AM CDT
(Newser Summary) -
Stocks in Asia and Europe plummeted today amid global fears for the auto industry and hesitation that this week's G20 summit in London might not deliver on ambitious goals. In Tokyo the Nikkei dropped 4.5%, with Toyota, Honda and Nissan all posting substantial falls. At midmorning stocks in London, Paris and Frankfurt were all down, with automakers and banks leading losses.
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MARKETS
Obama team's plan sends markets up
CNNMoney Mar 23, 09 5:11 AM CDT
(Newser Summary) -
Asian markets soared today and European exchanges opened higher as investors expressed optimism about the Obama administration's public-private asset purchase plan. In Hong Kong the Hang Seng rallied 4.1% to close at a five-week high, while the Nikkei in Tokyo closed up 3.4%. At midmorning bourses in London and Frankfurt were both up by about 1.5%, and in New York Dow and Nasdaq futures pointed to big gains.
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MARKETS
Asia, Europe soar on multibillion infrastructure proposals
Financial Times (UK) Dec 8, 08 4:53 AM CST
(Newser Summary) -
Asian and European stocks advanced substantially today amid hopes that Barack Obama's proposed US stimulus package could pull the world out of an economic dive. In Hong Kong the Hang Seng shot up 7.5%, while in Tokyo the Nikkei closed up 5.2%. Stock exchanges in London, Paris and Frankfurt all gained more than 6% in morning trading as returning confidence helped financials start to reverse recent declines.
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London, Paris, Frankfurt all dive at opening
Financial Times (UK) Oct 10, 08 3:40 AM CDT
(Newser Summary) -
Stock markets across Europe took a pounding this morning, following a dramatic market dive in Asia that saw the Tokyo exchange suffer its worst loss in 20 years. In London the FTSE opened down 10%, with similar losses in Paris and Frankfurt. Banking stocks were among the biggest losers in Europe.
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EU leaders' disagreements sow fear
Financial Times (UK) Oct 6, 08 4:36 AM CDT
(Newser Summary) -
Financial stocks led sharp declines across European markets this morning after the continent's finance ministers failed to agree on a joint effort to stem the crisis. By 10 a.m. in London the FTSE was down 5.2%, with troubled banking giant HBOS plummeting 15%. In Frankfurt the Dax was down 4.5%, while in Paris the CAC 40 fell 4.7%.
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The lack of resolution in Washington sends shudders around the globe
Wall Street Journal Sep 26, 08 7:14 AM CDT
(Newser Summary) -
European markets swooned on news of the US bailout troubles and the failure of Washington Mutual, the Wall Street Journal reports. The Dow Jones Stoxx 600 fell 1.5%, Germany’s DAX index slipped 1.4%, and the UK’s FTSE 100 and France’s CAC-40 each shed 1.3%. In Asia, Japan’s Nikkei index lost 0.9%.
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'Complicity' by others can't be ruled out
Washington Post Jan 28, 08 5:41 AM CST
(Newser Summary) -
Maverick trader Jérôme Kerviel gambled with $73 billion, twice the market value of Société Générale, by stealing computer access codes and setting up fake email accounts, the French bank revealed as new details emerged in one of the biggest scandals in history. One executive also conceded that the "complicty" of others could not be ruled out. Kerviel cost the company $7.14 billion as his "virtual losing position became huge," said the head of the bank, who called the scandal a "Greek tragedy."
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London, Frankfurt bourses swing wildly in early trading
Financial Times (UK) Jan 22, 08 5:30 AM CST
(Newser Summary) -
European markets went haywire in early trading Tuesday as investors reacted to a second straight day of Asian declines and awaited the reopening of Wall Street. After a disastrous showing for the Nikkei, Hang Seng and other Asian bourses, European markets plunged: the FTSE 100 dropped 200 points minutes after opening. Yet shares in London rallied amid rumors of emergency rate cuts by the three main central banks.
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