Overseas Markets Continue Downward Slide
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Asian and European stock markets headed down again Wednesday after a broad global sell-off the day before that included a more than 3 percent drop in the Dow Jones industrial average and the loss worldwide of an estimated trillion dollars in equity.
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The US dollar has continued its record-breaking slide and has tumbled to a new low against the euro.
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Japan&#39;s stock benchmarks fell, paced by companies tied to overseas sales such as Kyocera Corp. and Canon Inc., as a drop in US shares underscored concern earnings growth in the world&#39;s largest economy is slowing.
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The dollar continued its decline in global currency markets Thursday, intensifying worries among some economists that mounting U.S. budget and trade deficits could send the U.S. currency into a tailspin.
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Stock markets took another hit on Wednesday as European equities ended lower, after indices plunged overnight in Asia and the US.
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European equity markets erased the gains made this year as the global sell-off continued with major stock indices falling sharply across Asia and the US.
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Asian and European stock markets plunged Monday following declines on Wall Street last week amid investor pessimism over the US government's stimulus plan to prevent a recession
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Asian and European markets slid Monday after signs of accelerating inflation in the U.S. dampened hopes that the Federal Reserve will cut interest rates further to shore up the struggling American economy.
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NEW YORK -- Stocks fell in early trading Friday as bond yields remained elevated and stocks fell overseas.
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Asian and European markets slid Monday after signs of accelerating inflation in the U.S. dampened hopes that the U.S. Federal Reserve will cut interest rates further to shore up the struggling American economy.
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Americans have been stepping up their purchases of foreign stocks and bonds as the dollar&#39;s decline has accelerated and foreigners have slowed their buying of securities in the United States.
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European and Asian Markets fell again Monday, extending their slide into a second week as investors worried about a possible global slowdown and dumped stocks that had surged in recent weeks.
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U.S. markets opened lower today, extending Friday's losses after an overnight sell-off in Asia and across-the-board declines in Europe.
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European and Asian stock markets saw further heavy falls on Monday as worries about a US recession continued to erode investor confidence.
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Asian markets plunged Wednesday on growing speculation the U.S. economy Â a vital export market Â is sliding into a recession that could lead to a global slowdown.
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Shares in Asia fell on Monday, with Japan down around 2.5 percent and Hong Kong down more than 3 percent, as concerns over the health of the U.S. economy returned to haunt stock markets, sending investors to seek safe haven government bonds.
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European and Asian stock markets suffered further heavy falls on Monday as worries about a US recession continued to erode investor confidence.