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Citigroup Inc. (NYSE: C) has seen its share price slowly decline over the past month from a high of $4.19 per share to its most recent price of $3.71. Citigroup who was once one of the high powered financial firms and a regular in Fortune Magazine’s Fortune 500, has been all but crushed by the recent economic meltdown, and taxpayer bailout. Adding to Citigroup’s problems is their consumer financial branch CitiFinancial whose recent loan delinquency rate came in a quarter of 1% higher than expected. Read the rest of this entry »

Foreign Markets

Cases of the disease have sprung up around the globe, with the World Health Organization raising its alert 2 steps away from an all out pandemic. For a second day equities fell in the global marketplace as investors fear a delay in the global recovery if the Swine flu continues to infect, stalling travel, tourism and deflating global movement of goods and services. In Europe, the FTSE 100 of leading British shares was down 84.75 points, or 2 %, at 4,082.26 while Germany’s DAX fell 119.11 points, or 2.5 %, to 4,574.96. The CAC-40 in France was down 69.32 points, or 2.2 %, at 3,033.22. Asian markets plummeted overnight, with the Nikkei index closing down 232.57 points, or 2.7 %, to 8,493.77 and Hong Kong’s Hang Seng ending 285.31 points, or 1.9 %, lower at 14,555.11

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Foreign Markets

Overnight in Asia, equities advanced following the up day on Wall Street. Japan’s Nikkei 225 stock average added 152.32, or 1.7 %, to 8,907.58 while Hong Kong’s Hang Seng pared gains to close up 18.28 points, or 0.1 %, at 15,601.27. Stocks rose in Europe after earnings released by Citigroup, and General Electric, who both beat the street. In Europe, the FTSE 100 index of leading British shares was up 36.78 points, or 0.9 %, at 4,089.76 while Germany’s DAX rose 46.20 points, or 1 %, to 4,655.66. The CAC-40 in France was 42.68 points, or 1.4 %, at 3,080.86.

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