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CAC 40 Declines As Banks Drag After Credit Suisse Rescue
(RTTNews) - French stocks opened lower on Monday amid fears of a deepening banking crisis.
Risk aversion gripped markets despite global central banks announcing measures to provide dollar liquidity in a bid to stem fallout from panic in the banking sector.
Concerns mounted about the health of the global financial system despite UBS Group AG, Switzerland's largest banking group, agreeing to buy the crisis-hit Credit Suisse Group AG in a historic, government-brokered deal.
The benchmark CAC 40 was down 0.7 percent at 6,875 after declining 1.4 percent on Friday.
Banks led losses, with BNP Paribas, Credit Agricole and Societe Generale falling 3-6 percent.
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Taiwan Stock Market May Hand Back Thursday's Gains
The Taiwan stock market has moved higher in two of three trading days since the end of the two-day losing streak in which it had slipped more than 270 points or 1.2 percent. The Taiwan Stock Exchange now sits just above the 24,000-point plateau although it's likely to turn lower again on Friday.
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vor 27 Minuten
Japan Overall Bank Lending Climbs 3.2% On Year
The value of overall bank lending in Japan was up 3.2 percent on year in July, the Bank of Japan said on Friday - coming in at 644.396 trillion yen.
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vor 42 Minuten
Japan June Current Account Surplus Y1.348 Trillion
Japan posted a current account surplus of 1.348 trillion yen in June, the Ministry of Finance said on Friday - down 23.6 percent from a year earlier.
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vor 47 Minuten
Singapore Bourse Due For Profit Taking On Friday
The Singapore stock market has climbed higher in four straight sessions, gathering more than 100 points or 2.4 percent along the way. The Straits Times Index now sits just beneath the 4,260-point plateau although investors may lock in gains on Friday.
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vor 57 Minuten
Japan Household Spending Slumps 5.2% In June
The average of household spending in Japan was down a seasonally adjusted 5.2 percent on month in June, the Ministry of Internal Affairs and Communications aid on Friday - coming in at 316,085 yen.
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vor 1Std 21 Minuten
Malaysia Stock Market May Be Stuck In Neutral On Friday
The Malaysia stock market has moved higher in three straight sessions, collecting more than 20 points or 1.5 percent along the way. The Kuala Lumpur Composite Index now sits just beneath the 1,550-point plateau although it's due for consolidation on Friday.
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vor 1Std 27 Minuten
Win Streak May End For Japan Stock Market
The Japan stock market has moved higher in three consecutive sessions, advancing more than 760 points or 1.9 percent along the way. The Nikkei 225 now sits just shy of the 41,060-point plateau although it may spin its wheels on Friday.
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vor 1Std 42 Minuten
South Korea Shares May Run Out Of Steam On Friday
The South Korea stock market has moved higher in four straight sessions, advancing almost 110 points or 3.6 percent along the way. The KOSPI now sits just above the 3,225-point plateau although the rally may stall on Friday.
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vor 1Std 57 Minuten
