U.S: U.S. stocks posted the first weekly gain of 2008 after a surprise interest-rate cut and government plan to revive growth improved prospects the economy may skirt a recession, helping shares rebound from their worst yearly start.
Europe: European stocks fell for a seventh week on concern efforts by U.S. policy makers and regulators to stem credit-market losses won't be enough to keep the world's largest economy from sliding into a recession. Societe Generale SA dropped the most in more than five years after saying bets on stock-index futures by a rogue trader caused a 4.9 billion-euro ($7.1 billion) trading loss, the biggest in banking history.
Asia: Asian stocks fell for a fourth week, on concern the global economy was slowing, sending the region, along with Europe, into a bear market. Sony Corp. and Hon Hai Precision Industry Co. paced declines among exporters.
Source: Bloomberg
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