European markets

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Global Shares Sink After Major Dow Decline

Asian markets saw the sharpest falls

(Newser) - Global stock prices sank Friday after the Dow Jones industrials on Wall Street plummeted more than 1,000 points , deepening a week-long sell-off. Markets followed US stocks down after the Dow, coming off a record high, entered a correction—or a 10% decline from its latest peak—for the first...

Stocks Sputter, Gold Soars
 Stocks Sputter, 
 Gold Soars 

Stocks Sputter, Gold Soars

Markets still buffeted by uncertainty, looking for good news

(Newser) - Asia stock markets were mostly down today, European markets look set to follow, and gold hit new highs as world markets continued to be rocked by investor nerves, reports Reuters . The Nikkei hit a five-month low, finishing 1.04% down, Korea's Kospi was off 1.96%, and Australia's...

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...

Next Up: Italy's Cratering Economy

Spreads on 10-year bonds between Germany, Italy hit 14-year high

(Newser) - With the US debt ceiling crisis finally sort of resolved, the markets are turning their attentions to Europe, and they don't like what they see, reports Reuters . Italy is being hit especially hard, with the yield gap between Italian and relatively stable German 10-year bonds reaching 3.7 percentage...

As Crises Spread, Europe Scrambles for an Answer
As Crises Spread, Europe Scrambles for an Answer
analysis

As Crises Spread, Europe Scrambles for an Answer

Even healthier countries now feeling pinch

(Newser) - Financial crises in Greece, Ireland, and Portugal have stoked fears for Italy, Belgium, and the more robust Germany as Europe struggles to find a solution, the New York Times reports. Worry that Germany may have to pay the brunt of bailout costs have prompted the sale of its debt; investor...

Crisis at Dubai Flagship Roils World Markets

In surprise, government takes over Dubai World; bank stocks pounded

(Newser) - A move today by the government of Dubai to take over its flagship company, Dubai World, caused ripples of panic throughout the region, and translated into a selloff in bank stocks in Europe and Asia. The government also aims to delay payments on $60 billion in debt, a request that...

Asian Stocks Hit 7-Month High
 Asian Stocks Hit 7-Month High 
MARKETS

Asian Stocks Hit 7-Month High

Taipei leads region's markets on another bullish day

(Newser) - Asian stocks hit a 7-month high today as investors put aside swine flu fears and and seized on good news from China. In Taiwan the main index soared 5.6%, its second straight major gain, while in Hong Kong the Hang Seng index closed up 5.5%. European markets started...

Swine Flu Sends Travel Stocks Falling
 Swine Flu Sends 
 Travel Stocks Falling 
MARKETS

Swine Flu Sends Travel Stocks Falling

Airlines decline while drugmakers advance; Mexican peso tumbles

(Newser) - Stocks declined worldwide today, with travel companies leading losses as investors gave their first reaction to the outbreak of swine flu. Airlines took a pummeling—Lufthansa fell more than 12%, British Airways 8.7%—and tour operators like Carnival also suffered sharp drops. But pharmaceutical companies did well: drugmaker Roche,...

G20 Hopes Send World Stocks Soaring
 G20 Hopes Send 
 World Stocks Soaring 
MARKETS

G20 Hopes Send World Stocks Soaring

Hang Seng has best day in 4 months, Europe rallies

(Newser) - 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...

Automakers Lead Sharp Selloff Worldwide
 Automakers Lead 
 Sharp Selloff Worldwide 
MARKETS

Automakers Lead Sharp Selloff Worldwide

Nikkei drops 4.5%, Europe opens down

(Newser) - 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,...

Asia, Europe Rally, US Futures Soar
 Asia, Europe Rally, 
 US Futures Soar 
MARKETS

Asia, Europe Rally, US Futures Soar

Obama team's plan sends markets up

(Newser) - 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...

Obama Plan Boosts World Stocks
 Obama Plan Boosts 
 World Stocks 
MARKETS

Obama Plan Boosts World Stocks

Asia, Europe soar on multibillion infrastructure proposals

(Newser) - 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...

Asian Stocks Hammered, Europe Opens Down

Nikkei and Hang Seng plunge on grim economic figures

(Newser) - Stocks in Asia plummeted again today as further economic data from Japan and the US spooked investors. In Tokyo the Nikkei dove nearly 7%, while in Hong Kong the Hang Seng slipped 6.6% in a massive sell-off of financial and real estate stocks. This morning in London the FTSE ...

World Shares Rise After Wild Dow Swing
 World Shares Rise 
 After Wild Dow Swing 
MARKETS

World Shares Rise After Wild Dow Swing

Tokyo, London advance after Wall Street's crazy day

(Newser) - Asian and European markets rose today, reacting to the sharp swing from negative to positive in New York yesterday. In Tokyo the Nikkei gained 2.7%, while  the FTSE in London was up 3.3% in mid-morning trading. Bargain-hunting investors pounced on undervalued financial stocks: Anglo American jumped nearly...

Asia Stocks Rocket; Europe Up at Open

Hang Seng soars, Nikkei closes up after dreadful Monday

(Newser) - Asian markets posted dramatic gains after a punishing Monday, as investors reacted to favorable moves in the currency markets. In Hong Kong the Hang Seng surged in afternoon trading to close up 14.4%—its biggest one-day gain in 11 years—while in Tokyo the Nikkei ended up 6.5%...

World Stocks Crash Again
 World Stocks Crash Again 

World Stocks Crash Again

Nikkei dives to 1982 levels, Hang Seng plummets 12%

(Newser) - Japanese stocks hit a 26-year low as markets in Asia and Europe plunged again amid tenacious fears of a prolonged global recession. The Nikkei fell 6.4% and Hong Kong's Hang Seng index dropped a staggering 12%—its biggest single-day tumble since 1997. In London the FTSE opened down more...

Fed Joins 5 Central Banks in Shock Rate Cut

US, EU, UK, others offer 50-point reduction to reverse diving markets

(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...

Dow Down 700, Hits 4-Year Low
 Dow Down 700, Hits 4-Year Low 
UPDATED

Dow Down 700, Hits 4-Year Low

'This is just about fear right now'

(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...

Banks Lead Europe Market Plunge

EU leaders' disagreements sow fear

(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...

IMF to US: Do Something NOW
IMF to US: Do Something NOW

IMF to US: Do Something NOW

Monetary fund chief pressures Congress to pass bailout, Europe to make plans

(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...

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