Wednesday, January 16, 2008

Recession fears batter stocks

Asian stock markets plunge


Asian markets plunged Wednesday on growing speculation the U.S. economy — a vital export market — is sliding into a recession that could lead to a global slowdown.

Read all -;_ylt=AujYd4oh_b51M2_aP3qq_riyBhIF

Dow, Nasdaq and S&P 500 fall to more than 9-month lows on Citigroup's almost $10 billion loss and a weak Dec. retail sales report. Intel earnings and forecast disappoint after the bell.
By Alexandra Twin, senior writer
January 15 2008: 6:55 PM EST

NEW YORK ( -- Stocks tumbled Tuesday after Citigroup's steep quarterly loss and a big drop in retail sales exacerbated fears of a recession

European shares slide, London FTSE 100 below 6,000 points
1 hour, 4 minutes ago
LONDON (AFP) - Europe's main stock markets extended losses in early trade on Wednesday amid widespread gloom over the US economy, with London's leading index below 6,000 points for the first time since mid-August.;_ylt=Aq5g1ShsBLJCtxyybbZZ8AuyBhIF

US recession fears hammer Asian stocks
By Lindsay Whipp in Tokyo 2 hours, 12 minutes ago
Stock markets tumbled across Asia on Wednesday and the dollar fell to a 2½-year low against the yen amid heightened fears that the US is falling into a recession;_ylt=AuAq9xHvj1HQefMnYLIcd3myBhIF

More Economy News on Yahoo:

Tue Jan 15, 4:19 PM ET
NEW YORK - Fresh signs emerged Tuesday that the U.S. economic slowdown may be intensifying, increasing the odds of a recession:;_ylt=Au2KSeKYeYjJLxvvatZOOaPv5rEF

Tue Jan 15, 1:45 PM ET

Dollar under pressure as market bets on big US rate cut. The dollar came under heavy pressure Tuesday, falling against the euro to near record lows on the view that sharp cuts to US interest rates will be needed to keep the US economy on track, dealers said.;_ylt=An5jMB3WaqHtX2DbMP4J9JDv5rEF

Japan stocks seen falling on U.S. economy worries
Tue Jan 15, 2008 6:21pm EST

European shares drop as US worries hit banks, techs
Wednesday January 16 2008

Global shares dive on US recession fears

No comments: