Home
Investment
Top Stories
Foreign Markets
European midday: Shares down in global sell-off
Mon, 01 Dec, 2008
INVESTMENT NEWS
Company Search
Search QCK.COM
Investment Home
News & Views
Top Stories
Charting
Company Search
Watchlist
Press Round Up
Press Tips
Broker Tips
Director Dealings
Stocks to Watch
Hot / Cold Sectors
Week Ahead
Foreign Markets
European midday: Shares down in global sell-off
Fri, 10 Oct 2008, 12:02:00
More Chart Options
Related Market Prices
Name
Value
Percent
Change
Gleeson (M J) Group
73.50p
-3.61%
Edinburgh New Income Trust
46.50p
+0.00%
Royal Dutch Shell 'A'
1646.00p
-5.29%
Related Articles
European close: Stocks drop sharply
Mon, 1 Dec 2008
European midday: Economic data disappoints
Mon, 1 Dec 2008
European open: Banks drop
Mon, 1 Dec 2008
London close: Strong results fail to lift Footsie
Wed, 26 Nov 2008
London afternoon: Stocks steady at lower levels
Wed, 26 Nov 2008
European shares have slid even further as fears that the global economy is heading for a severe recession sparked a world-wide global sell-off.<br /><br />The Dow Jones slumped by more 670 points overnight, while the Nikkei also suffered a colossal decline with the benchmark marking its seventh day of consecutive losses.<br /><br />Banks are once again leading the fallers, with <b>Santander</b>, <b>Societe Generale</b>, <b>BNP Paribas</b> and <b>Credit Agricole</b> among the worst performing stocks. <br /><br />Elsewhere in the sector, a fierce diplomatic row broke out between Prime Minister Gordon Brown and his Icelandic counterpart Geir Haarde over Reykjavik's banking crisis.<br /><br />The meeting follows sharp exchanges between the two politicians, with Gordon Brown threatening legal action against the Icelandic authorities over the island's failure to guarantee British savers' deposits following the collapse of <b>Landsbanki</b>, <b>Glitnir</b> and <b>Kaupthing</b>. <br /><br />Brown is demanding the return of the cash belonging to British savers and local councils, criticising the "completely unacceptable" and "effectively illegal" behaviour of the Icelandic authorities. "This is a problem that has been caused by Iceland. It is totally unacceptable behaviour," Brown said. <br /><br />Geir Haarde for his part denounced the use of anti-terrorist laws to freeze Icelandic banking assets in the UK. "I told the Chancellor that we were not pleased with that," he said.<br /><br />Across the markets, the German DAX is down 411 points to 4,475, the French CAC is 263 points lower at 3,178, while the Swiss market fell 427 points to 5,371.<br /><br />Energy companies are also in the red after crude dropped to around $86 barrel. <b>Royal Dutch Shell</b>,<b> Eni</b> and<b> Total</b> are all lower.<br />
©2004-2006 QCK.com
Tax Guides
|
Top 10 Tips
|
Financial News
|
Sitemap
|
Terms
|
About us
|
Contact
