European, Asian stocks — in a mirror move — slide in wake of Wall Street's tumble |
| International Herald Tribune - Jul 27, 2007 |
World markets slid on Friday, echoing plunges the day before by their American counterparts as fears about a widening crisis in the U.S. economy proved contagious from Tokyo to New Delhi to London.
Europe's major indices turned lower after starting the day on a positive note, with Germany's benchmark DAX-30 Index down 1.2 percent to 7,417.46, well off its record highs of only a few days ago. In Paris, the CAC-40 was down nearly three-fourths of a a percent to 5,633.54 while in London, the FTSE 1000 was down more than half a percent to 6,215.40.
"Traders are well and truly worried over the U.S. credit issues, whilst mixed earnings data are adding to the general level of concern," CMC Markets' Matt Buckland said of the aversion that European and Asian markets were showing in light of U.S. concerns.
Investment house and financial services firm USB said that the risk aversion levels were reaching levels last seen in September 2001.
Read Full Article from International Herald Tribune
- Posted: 2007-07-27 11:30:28
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