Feb. 11 (Bloomberg) -- Stocks in Europe and Asia fell as Credit Suisse Group AG and PSA Peugeot Citroen posted losses and speculation grew that the proposed U.S. bank rescue won’t revive credit markets and the global economy.
Credit Suisse, Switzerland’s second-largest bank, and Peugeot, France’s biggest carmaker, sank more than 3 percent. HSBC Holdings Plc, which gets a quarter of its revenue in the U.S., dropped 4.8 percent in Hong Kong after Treasury Secretary Timothy Geithner said he’s still “exploring a range of different structures” to bail out banks.
The MSCI World Index declined for a second day, losing 0.5 percent to 842.33 at 9:24 a.m. in London. The gauge of 23 developed countries had posted a 5.8 percent rally in the previous five days on optimism that measures by U.S. President Barack Obama and interest-rate cuts would help lift economies in the U.S., Europe and Japan out of recession. more...
Tidak ada komentar:
Posting Komentar