Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

World stocks fall as Europe debt crisis festers

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Topic Forums » Economy Donate to DU
 
Dover Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-30-11 04:27 AM
Original message
World stocks fall as Europe debt crisis festers
Edited on Wed Nov-30-11 04:30 AM by Dover
BANGKOK (AP) — World stocks fell Wednesday after a meeting of Europe's finance ministers failed to stem fears that the euro currency union is hurtling toward a breakup. Banking stocks slumped after some of the world's top financial institutions were slapped with a credit rating downgrade.

European shares headed south in early trading. Britain's FTSE 100 fell 0.8 percent to 5,296.40. Germany's DAX shed 0.7 percent to 5,760.28 and France's CAC-40 lost 0.6 percent to 3,007.73. Wall Street was also headed for a lower opening. Dow Jones industrial futures fell 0.6 percent to 11,501 and S&P 500 futures were 0.6 percent lower at 1,189.40.

Sluggish trading began earlier in the day in Asia, where Japan's Nikkei 225 index dropped 0.5 percent to close at 8,434.61. South Korea's Kospi dropped 0.5 percent to 1,847.51. Hong Kong's Hang Seng dipped 1.5 percent to 17,989.35. Australia's S&P/ASX 200 swung back and forth until settling 0.4 percent higher at 4,119.80.

Mainland Chinese shares plummeted ...


http://www.boston.com/business/markets/articles/2011/11/30/asia_stocks_fall_as_europe_debt_crisis_festers/
Refresh | +4 Recommendations Printer Friendly | Permalink | Reply | Top
CoffeeCat Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-30-11 04:32 AM
Response to Original message
1. Wow! Just two days ago...
...the entire cast and crew of CNBC declares that "Happy Days Are Here Again" because
a ton of Americans went out and shopped on Black Friday. Supposedly, the DOW rose 250+
points because consumer confidence was skyrocketing and Europe was looking fine and dandy.

I think the "actors" on CNBC should just give it up. They look like fools, trying to prop
up a house of rotting cards.
Printer Friendly | Permalink | Reply | Top
 
Dover Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-30-11 04:37 AM
Response to Reply #1
3. They are the band on the Titanic...n/t
Printer Friendly | Permalink | Reply | Top
 
golfguru Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-01-11 02:17 AM
Response to Reply #1
4. Stocks gaining big on Thursday, world wide.
I am getting ready to cash out.
Printer Friendly | Permalink | Reply | Top
 
Dark Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-30-11 04:33 AM
Response to Original message
2. This will continue until the ECB acts as a lender of last resort. Which it said won't happen.
So, we're fucked.
Printer Friendly | Permalink | Reply | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Wed Dec 11th 2024, 06:14 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Topic Forums » Economy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC