Most European and Asian shares have shown increases as investors absorbed news of a co-ordinated interest rate cut.
Banking shares helped push the UK's FTSE 3 percent higher in early trading, while France's CAC rose 2.9 percent and Germany's Dax added 2.4 percent. Russian stock markets climbed strongly after reopening following a suspension in trading on Wednesday. Japan's Nikkei index however, closed lower after its prime minister called for more action to boost the country's economy. In Sydney, Australia's main share index fell 1.8 percent, but Hong Kong's Hang Seng index closed up 3.3 percent higher. Meanwhile, the European Central Bank said it would offer an unlimited amount of euros in one-week loans at a fixed rate of 3.75 percent. The decision was taken in line with Markets still uneasy after rate cuts ...
Dow slides 5.1 percent on fears of deeper crisis ...
Bank uncertainty hits UK shares ...
Russian Foreign Minister says Georgia can "forget territorial integrity" ...
Pope Benedict starts Australia visit ... changes to bank lending policies announced late on Wednesday.
(Deutsche Welle)
more info >>
<< Back