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07.10.2008 - European stock markets slip back into the red

European stock markets have started to fall back into the red after posting modest gains shortly Three Sisters ...
Man charged with French murders ...
after the opening of this Tuesday's trading sessions.

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Frankfurt's DAX is down by around one percent, while both the FTSE 100 in London and the CAC 40 in Paris have also slipped into negative territory after initial gains. This comes a day after all three lost seven percent of their value or more. Earlier in the day, Asian markets also continued to suffer. Tokyo's Nikkei index temporarily dropped more than five percent shortly after the opening of the session, before bouncing back somewhat. This took the Nikkei below the 10,000 point mark for the first time in five years. A bold move by Australia's central bank spurred some Asian markets to bit of a recovery. The Reserve Bank of Australia cut a full percentage point off of its key interest rate. The main indices in Australia, Singapore, Taiwan and South Korea all ended trading in positive territory.

(Deutsche Welle)


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