Asian markets fall after slide on Wall Street sparks recession fears (Live mint.com 6th Feb 2008)European stocks shrugged off sharp drops on Asian markets on Wednesday after a steep drop on Wall Street overnight fanned investors’ fears that the US economy was sliding into a recession that would sap demand for Asian exports. US futures also rose ahead of the start of trading in New York. In Europe, stocks were up modestly. In the UK, the benchmark FTSE 100 index rose 0.1% to 5,873.5, while Germany’s DAX climbed 0.3% to 6,782.91. France’s CAC gained 0.5% to 4,799.2, helped by a strong earnings report by France Telecom SA. In Asia, investors dumped shares after figures released on Tuesday showed that the US services sector shrank last month for the first time since March 2003. That wiped out some renewed confidence about the American economy after the US Federal Reserve’s two big rate cuts late last month. “It’s unbridled pessimism,” said Francis Lun, general manager at Fulbright Securiti...
This is my investment scrapbook. My request to viewers would be to use their own judgment before taking call on any shares mentioned here. Moreover, although I always try to be accurate and correct , there is no guarantee of the accuracy and correctness of the information provided here. Viewers would be using information provided here at their own risk. I won't be liable for any loss whatsoever for transaction based on the information provided here.