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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: global market

global market stories: 11 news summaries

 Oil Slips Below $35 a Barrel 

Prices drop almost 8%; stocks down early on Wall Street

Feb 17, 09 11:47 AM CST
(AP) - A new batch of lousy economic news dragged oil prices down nearly 8% today as signs from across the globe pointed to a prolonged and painful recession. Light, sweet crude for March delivery fell $2.87 to $34.64 a barrel on the New York Mercantile Exchange after settling at... More »

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stock market • Wall Street • global market • crude oil • economic stimulus package • oil prices

The Markets

 Stocks Even 
 Worse Overseas 

US investors rush out of foreign markets

Nov 29, 08 9:30 AM CST
(Newser) - The US stock market has seen its worst year in decades—but things have been even worse in Europe and Asia, the Wall Street Journal reports. While the Dow is down 33% for the year, Germany’s DAX index has fallen 42% and China’s Shanghai Composite has plummeted 64%.... More »

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stock market • foreign market • global market • financial crisis

MARKET opener

 Stocks Dip Amid Global Selloff 

It's deja vu, all over again

Oct 27, 08 8:58 AM CDT
(Newser) - Stocks pointed downward this morning, as big overseas selloffs spooked investors, the Wall Street Journal reports. The Dow dropped 134 points shortly after its open, while the S&P dropped 1.7% and the Nasdaq 1.6%. There were positive signs overseas, including an IMF rescue plan for Hungary... More »

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stock market • Dow Jones • recession • Nasdaq • global market • S&P 500

(Newser) - Under the shadow of the deteriorating global economy, the US is considering two more steps to assuage markets, the Wall Street Journal reports: guaranteeing billions in bank debt and insuring all US bank deposits. Either move is an aggressive step, and in tandem they would mark Wasington's largest intervention yet... More »

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markets • global market • credit crisis • Alistair Darling • bailout • banks • financial crisis • financial meltdown

UPDATED

 Dow Down 700, Hits 4-Year Low 

'This is just about fear right now'

Oct 6, 08 1:58 PM CDT
(Newser) - Stocks continued downward today, with the Dow falling a record 782 points, the Wall Street Journal reports, and settling mid-afternoon around 9,571, below 10,000 for the first time since October 2004. “This is just about fear right now, and whether stocks are going to close down 200... More »

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stock market • Citigroup • Federal Reserve • Dow Jones • Wachovia • Wells Fargo • global market • European markets • FTSE • bailout • HBOS • financial crisis

SEC Halts Short Selling
on Financial Stocks

SEC suspends practice blamed for downward market pressure

Sep 19, 08 6:56 AM CDT
(Newser) - The SEC temporarily banned short-selling of 799 financial companies today, an “emergency action" aimed at slowing sliding stock prices that have rattled investors’ confidence in recent weeks, CNNMoney reports. The practice, in which in investors borrow stock and sell it, hoping to buy it back cheaper and pocket the... More »

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stock market • markets • global market • short selling • stock price • stock buyback

$1.50 Euro Sparks Biz
Plea for Help

Pricey currency crushing competition
for European industry

Feb 28, 08 4:39 AM CST
(Newser) - Now that its common currency is trading above the $1.50 barrier, eurozone industry is calling for action to remain competitive in global markets. BMW, which has already laid off 5,600 employees, will have to take further action in the event of a "sustained rise" of the euro,... More »

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exchange rate • Nicolas Sarkozy • euro • European Central Bank • global market • US dollar • BMW • Dassault

Asian Markets Soar After
 Fed's Rate Cut

Stocks see biggest jump in 5 years as panic
gives way to optimism

Aug 20, 07 1:00 AM CDT
(Newser) - The global equities sell-off ground to a halt today as Asian stocks had their biggest gains in five years. Responding to Friday’s cut in the US Federal Reserve’s discount rate, Japan’s Nikkei 225, Hong Kong's Hang Seng and South Korea's Kospi indexes all saw huge gains as... More »

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South Korea • Japan • Federal Reserve • Hong Kong • stocks • Singapore • Nikkei • Hang Seng • Asian markets • global market • Kospi index

Fed Shaves
Half- Point Off Discount Rate

Surprise cut boosts futures trading and Euro markets

Aug 17, 07 8:14 AM CDT
(Newser) - In a surprise move, the Fed cut its discount rate, which it charges on direct loans to banks, from 6.25% to 5.75% this morning. The central bank acted to calm fears about uncertainty in the global markets surrounding the worsening credit crunch and underlying subprime-loan crisis. The federal... More »

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economic growth • Federal Reserve • subprime mortgages • loans • finance • bank • markets • global market • discount rate

BlackBerries Save Vacations for Bankers
With Sand

It's required beach reading in a crisis

Aug 12, 07 6:45 AM CDT
(Newser) - As the volatile global markets continue to burn investors, tan-fan investment bankers are managing to keep tabs on crisis-threatened portfolios and still rack up required hours on the beach—with the help of their BlackBerries. The devices have become as de riguer as umbrellas and suntan oil on sands from... More »

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investors • beach • BlackBerry • market • global economy • vacation • European Central Bank • investment bankers • global market

US Stocks Plunge
at Open

Three-digit Dow drop reflects uncertainty infecting global market

Aug 10, 07 9:36 AM CDT
(Newser) - Uncertainty ruled Wall Street and the global markets today, with the Dow skidding over 100 points at the open 1 day after the second-largest decline of the year. Central banks around the world acted to stem the unrest that continues to accompany the widening subprime mortgage crisis, but big-picture machinations... More »

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stock market • Dow Jones • subprime mortgages • stocks • Nasdaq • global market

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