By using this website, you agree to our use of cookies to enhance your experience.
We have 1 guests online 
Sign up

Markets edge up after stocks plunge 3pc on week

Monday 25th January 2010
By Mike Jones

Global stock indexes fell more than 3% last week as markets reacted to the announcement by US President Barack Obama to limit risk-taking by banks.

Fears that the proposals would cut profits and possible uncertainty about Ben Bernanke taking another term as Federal Reserve chairman saw US stocks record their worst three-day slide in 10 months.

However, UK losses appear to have stopped this morning as the FTSE moved into positive territory in early trading, rising 5 points to 5308, with major banking stocks which had all been hit hard last week now starting to edge upwards.

Have your say on this story using the comment section below

blog comments powered by Disqus
View Comments

(0) Comments | Report Abuse

If you have any questions or suggestions about this article or our news section, please don't hesitate to contact us.

Editorial Contact Details - Conor Shilling
0845 672 6000
Related News Stories
Most Read News Stories