Skip to: Content
Skip to: Site Navigation
Skip to: Search

October 12, 2008 9:17:54 AM CDT

Learn about Newser Points »

Stories related to: European markets

Stories

20 Stories

  • October 2008

    • Fed Joins 5 Central Banks in Shock Rate Cut

      Bloomberg  |  Oct 8, 08 7:04 AM CDT

      Fed Joins 5 Central Banks in Shock Rate Cut

      (Newser) - The Federal Reserve and five other central banks cut interest rates by 50 basis points in an emergency attempt to stem the economic effects of the credit crisis, reports Bloomberg. The move brings the American benchmark rate to just 1.5%, while the European Central Bank and the monetary authorities of the UK, Canada, Switzerland, and Sweden all joined in the action. China also cut rates by more than a quarter-point. More »

      Tags

      Federal Reserve  • credit crisis  • interest rate cut  • Asian markets  • European Central Bank  • European markets  • Bank of England  • central bank

    • Dow Down 700, Hits 4-Year Low

      Wall Street Journal  |  Oct 6, 08 1:58 PM CDT

      Dow Down 700, Hits 4-Year Low

      (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 or 900 points,” said one trader. All 30 of the index's stocks were in the red. More »

      Tags

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

    • Banks Lead Europe Market Plunge

      Financial Times (UK)  |  Oct 6, 08 4:36 AM CDT

      Banks Lead Europe Market Plunge

      (Newser) - 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%. More »

      Tags

      Financial Crisis  • UBS  • European markets  • Deutsche Bank  • FTSE  • Societe Generale  • HBOS  • DAX  • CAC 40

    • IMF to US: Do Something NOW

      Guardian (UK)  |  Oct 1, 08 7:30 AM CDT

      IMF to US: Do Something NOW

      (Newser) - The US must act swiftly to avoid economic meltdown and Europe's banks need to be ready with emergency plans of their own, IMF's managing director warns. European and Asian markets have bounced back on the prospects of a revived US bailout deal, but JP Morgan analysts warned yesterday that Europe's banks face another $45 billion in losses before the end of the year, the Guardian reports. More »

      Tags

      Financial Crisis  • bailout  • financial markets  • European markets  • IMF  • central bank  • Dominique Strauss Kahn

  • September 2008

    • Stocks Drop in Europe, Asia Amid Recession Fears

      Bloomberg  |  Sep 23, 08 4:44 AM CDT

      Stocks Drop in Europe, Asia Amid Recession Fears

      (Newser) - Stocks were down in Europe and Asia today amid fears of a global recession despite the massive government bailout being arranged in the US. Europe's Dow Jones Stoxx 600 Index dipped for a second day, falling 1.8% in early trading, Bloomberg reports. Barclays fell 3.6% and Australia's Macquarie Group Ltd.dipped 4.5%. The MSCI Asia Pacific Index dropped .6%, ending a two-day rally. "The problems aren't resolved," warned one analyst. More »

      Tags

      Financial Crisis  • Dow Jones  • stock market  • recession  • Asian markets  • European markets

    • World Markets Mixed: 'Fasten Your Seatbelts'

      New York Times  |  Sep 18, 08 5:34 AM CDT

      World Markets Mixed: 'Fasten Your Seatbelts'

      (Newser) - A huge cash injection into global money markets by central banks and the buyout of British lender HBOS by Lloyds-TSB eased some investor worries and pushed European stocks slightly higher today, reports the New York Times . But concerns about the ongoing crisis in the US continued to batter Asian stocks and prompted Russian exchanges to suspend trading until tomorrow. More »

      Tags

      credit market  • Asian markets  • European markets  • banking industry  • London markets

    • Europe's Markets Dive Despite Intervention

      Financial Times (UK)  |  Sep 16, 08 7:15 AM CDT

      Europe's Markets Dive Despite Intervention

      (Newser) - Europe's central banks pumped huge amounts of cash into markets today as stock exchanges dove and interbank lending slowed to a trickle. Just after midday in London, the FTSE 100 was down by nearly 2%, with investment banks and insurers leading declines. The Bank of England injected $35.8 billion into the markets, while the European Central Bank released nearly $100 billion in emergency funds. More »

      Tags

      Lehman Brothers  • European Central Bank  • European markets  • Bank of England  • bear market  • FTSE 100  • Libor

    • Lehman Crash Triggers Global Market Tumble

      Bloomberg  |  Sep 15, 08 3:40 AM CDT

      Lehman Crash Triggers Global Market Tumble

      (Newser) - Lehman Brothers’ bankruptcy, along with news that mammoth insurer AIG is seeking a $40 billion Federal Reserve loan, has sent European and Asian markets, US futures and the dollar sharply downward, Bloomberg reports. Swiss-based UBS AG, Europe’s bank most hurt by the subprime crisis, plunged 7.2%. Australia’s biggest investment bank, Macquarie, fell 10%, and S&P futures expiring in December fell 2.9%. More »

      Tags

      Financial Crisis  • stock market  • Lehman Brothers  • US dollar  • bankruptcy  • Asian markets  • European markets  • futures market

  • July 2008
  • January 2008

    • Did Fed Freak With Emergency Rate Cut?

      Reuters  |  Jan 23, 08 10:13 AM CST

      Did Fed Freak With Emergency Rate Cut?

      (Newser) - Yesterday's steep interest rate cut—just a week ahead of a scheduled policy meeting—made the staid Federal Reserve come across as spooked and jumpy, leaving many to wonder if the Fed knows of worse news to come, Reuters' Ros Krasny writes. The surprise .75-point cut "is a declaration of a state of emergency for the US markets and the economy," a market strategist said. More »

      Tags

      Federal Reserve  • recession  • Ben Bernanke  • interest rate cut  • Asian markets  • financial markets  • European markets

    • Europe Sees Biggest Stock Plunge Since 9/11

      MarketWatch  |  Jan 21, 08 4:10 PM CST

      Europe Sees Biggest Stock Plunge Since 9/11

      (Newser) - Amid continuing concerns about a US recession, European stocks took their biggest single-day plunge since 9/11 today, reports MarketWatch. Losses from financial institutions appeared to be the biggest culprit in the day's 5.4% drop, which added to a crippling trend: The Dow Jones Stoxx 600 index has dropped 23% since mid-2007. On American shores, Dow futures dropped, sparking fears of a nosedive tomorrow. More »

      Tags

      George W. Bush  • Dow Jones  • stock market  • European markets  • futures market

  • October 2007

    • Court Overturns Volkswagen Law, Takeover Likely

      Bloomberg  |  Oct 23, 07 8:31 AM CDT

      Court Overturns Volkswagen Law, Takeover Likely

      (Newser) - The EU’s highest court today overturned a 47-year-old German law that protected Volkswagen AG from takeover, opening the door for a long-rumored Porsche coup. Porsche already owns 31% of VW, but the law capped their voting rights at 20%. With that impediment gone, “I see Porsche flexing its muscles and going for outright control,” one analyst told Bloomberg. More »