Global stocks finished down on Friday, as concerns returned about the state of the worldwide financial sector.
With analysts saying some investors were also profit taking after two days of solid rises, Wall Street's main Dow Jones index lost 171 points to 12,207.
The Nasdaq ended 35 points lower, while London's FTSE fell 6.8 points to 5,869, and Frankfurt's Dax lost 4.3 points.
Analysts said sentiment was hit by rumours of more big losses to be reported in the global banking sector.
Dutch banks ING and Fortis were mentioned in some reports. Both said they declined to comment on market speculation.
There was also rumours that one of the main US hedge funds was in financial difficulty.
http://news.bbc.co.uk/2/hi/business/7208316.stm
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment