Senate bailout vote fails to rally markets | G.O.O.D

Mountain House Freeze-Dried Food « UK house prices fall most on record Food shortage catastrophe creeping up on the world » Oct 02 2008 Senate bailout vote fails to rally markets Posted by: Joshuah in Economics, tags: bailout plan Source: CNN.com European and Asian shares fell Thursday despite the U.S. Senate’s approval of a modified $700 billion bank rescue plan intended to bolster the ailing financial system. In London the FTSE-100 index of leading shares opened but soon fell back. At 0730 GMT it was down 0.1 percent, a similar margin to shares in Paris and Berlin. In afternoon trading, Japan’s Nikkei Exchange was down nearly 1.7 percent while in Hong Kong the Hang Seng was down 0.2 percent. The Australian Securities Exchange was down 0.8 percent. “Investors are still concerned about the efficiency of this rescue plan and how it can help the global economy,” said Aric Au, marketing manager for institutional sales at Phillip Securities in Hong Kong. “But at this moment, nobody is sure about this. They need to have more information about the finalized plan,” The Associated Press reported. Full Story… This entry was posted on Thursday, October 2nd, 2008 at 6:58 am and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. Leave a Reply You must be logged in to post a comment. Login »
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Creative Commons Attribution 3.0 United States

Creative Commons Attribution 3.0 United States