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Foreign Markets

Global markets fell in reaction to the selloff in the U.S. In Europe, the FTSE 100 index of leading British shares was down 41.70 points, or 1.1 %, at 3,809.03, while Germany’s DAX slid 99.10 points, or 2.5 %, to 3,837.35. The CAC-40 in France was down 50.48 points, or 1.9 %, to 2,677.39.

Indices in Asia closed the day significantly lower. Japan’s Nikkei is at levels not seen in a quarter century; down 107.60 points, or 1.5 %, to 7,268.56, while Hong Kong’s Hang Seng index sank 376.58, or 2.9 %, to 12,798.52.

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Foreign Markets

Global stocks rallied, continuing Wall Street’s momentum into the second trading day of the week despite Japanese figures showing that the world’s second biggest economy slumped by a quarterly rate of 0.5% in the third quarter of the year, more than the previous estimate of 0.1%. Japan’s Nikkei 225 Stock Average rose 0.8% overnight to 8,395.87. In Europe, the FTSE 100 index of leading British shares was up modestly at 1.65% to 4,370.96, while Germany’s DAX gained 49.25 points, or 1.04%.

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Foreign Markets

Asian markets plummeted after the United States, the world’s largest economy, fell into a recession in December of 2007. The MSCI Asia Pacific index dropped 4.2%; Japan’s Nikkei 225 Stock Average tumbled 533.53 points, or 6.4%. Hong Kong’s Hang Seng index lost 5%. In Europe, markets were calmer; the FTSE 100 index was even at 4,065.68 while the Germany’s DAX advanced 1.2%. Will the reversal in Europe translate into the domestic market?

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Foreign Markets

Asian markets rose overnight in response the Citigroup deal and the rally in the U.S. markets. Japan’s Nikkei 225 Stock Average rose 413.14, a 5.22% gain. European stocks rose for a second day as well, with the Dow Jones Stoxx 600 Index adding 1%; the FTSE 100 gained 1.3%.

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Foreign Markets

The global markets fell for a second straight day setting the stage for the opening in the U.S. Japan’s Nikkei 225 Stock Average dropped 2.28%; the MSCI Asia Pacific Index slipped 3%. In Europe, the Dow Jones Stoxx Read the rest of this entry »