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December 2, 2008 9:54:03 PM CST


European stocks

European stocks news stories

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Global Stock Markets Mixed After Obama Win

Asia sees credit thaw, Europe dips on weak earnings reports

(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. More »

More about:  Barack Obama Financial Crisis US dollar Asian stocks European stocks

 Rate Cut Sparks 
 Global Market Rally 

Investors pour back into markets looking for bargains with cheap money

(Newser) - World markets rode the back of yesterday’s Fed rate cut to huge gains as investors began looking for bargains and flooded the exchanges with cash, reports the Guardian . Hong Kong was up 12.8%, Seoul rose 11.95%, and Tokyo saw a jump of 9.6%, its fourth largest one-day gain ever. European markets opened higher as well. More »

More about:  Financial Crisis US dollar Asian markets yen European stocks

 Global Stocks Pounded, 
 Dollar Hits Record Highs 

Greenback soars to 5-year high against the pound

(Newser) - Stocks in Asia and Europe dove once again today, with banks leading losses as the continuing economic downturn hit corporate profits. The Nikkei in Tokyo closed down 6.8%, and London's FTSE opened down 2.3% after the Bank of England said that the country is in a recession. Meanwhile the dollar soared to $1.62 against the pound—a 5-year high—and hit new levels against the euro. More »

More about:  US dollar euro Nikkei Bank of England FTSE Asian stocks pound European stocks Mervyn King

 Global Stocks Skid 
 Amid Recession Fears 

New rash of selling in Europe and Asia despite mammoth bailout packages

(Newser) - The global market rally lost steam today as fears of a deepening recession prompted investors to resume looking for cover after profit taking—despite more than $2 trillion being pledged by governments to help thaw frozen credit markets, reports Bloomberg. Markets closed lower in Hong Kong, Seoul and Sydney. London, Frankfurt, Paris, Madrid and Zurich all were down in early trading. More »

More about:  stock market recession Asian stocks European stocks stock futures

 Euro Stocks Follow Asia Plunge 

London, Paris, Frankfurt all dive at opening

(Newser) - 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. More »

More about:  Lehman Brothers Nikkei financial stocks bear market FTSE European stocks DAX CAC 40

IBM Forecast Rallies Asian, European Markets

Big Blue's outlook erases some gloom

(Newser) - After five straight trading days of losses, investors may have regained a touch of confidence as markets in Asia and Europe bounced back from their beatings today, reports Bloomberg. The rebound, fueled in part by IBM’s reaffirmation of its profit forecast, comes after the worst five-day selloff since 1987. “IBM's numbers show that it's not all doom and gloom out there,” said one expert. More »

More about:  stock market IBM Asian stocks European stocks Dexia

MARKETS

 Reeling Dow Closes Below 10K 

Bailout doesn't provide quick relief for stocks

(Newser) - Stocks saw heavy losses today as investors lost faith in the bailout’s ability to quickly reverse the slumping economy, MarketWatch reports. The Dow closed below 10,000 for the first time since 2004 after managing to claw back from an 800-point intraday loss. The final tick was down 369.88 at 9,955.50. The Nasdaq fell 84.43 to 1,862.96, while the S&P 500 lost 42.34, settling at 1,056.89. More »

More about:  Financial Crisis Dow Jones bailout S&P 500 Nasdaq European Central Bank European stocks

Banking Jitters Send
European Shares Down

Experts remain skeptical a $700 billion US bailout will ease credit woes

(Newser) - Investors drove share prices down across Europe and Asia as bank emergencies multiplied  and news of the $700-billion US bailout deal failed to loosen up frozen credit markets, reports Bloomberg. British mortgage lender Bradford & Bingley was taken over by regulators and a trio of European governments jumped in to pull financial-services firm Fortis back from the brink.  More »

More about:  Financial Crisis bailout credit market chaos Asian stocks European stocks Dexia

MARKETS

 Global Stocks Surge 
 on Credit-Market Moves 

New Treasury plans also boost market

(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 Macquarie surged 38% after the US proposed a new institution to take the troubled assets off the balance sheets of financial firms and the UK banned short selling for the year. More »

More about:  stock market regulation Deutsche Bank short selling futures market Credit Suisse European stocks HBOS

Yen Pounds Dollar as Markets Fall

Markets in worldwide retreat as dollar drops on subprime worries

(Newser) - The dollar’s skid accelerated today, taking it to a three-year low against the Japanese yen, and pushing the free-falling greenback to a record bottom against the Swiss franc and other currencies amid worries that subprime woes will worsen, Reuters reports. Worldwide, stocks dove lower on broad concerns about the US economy. More »

More about:  subprime crisis stocks US dollar yen currency exchange European stocks

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