This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/7656197.stm
The article has changed 33 times. There is an RSS feed of changes available.
Previous version
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
Next version
Version 0 | Version 1 |
---|---|
Europe shares up after sell-off | Europe shares up after sell-off |
(20 minutes later) | |
European markets moved ahead on Tuesday - a day after a huge sell-off in global stocks driven by a lack of confidence in financial institutions. | European markets moved ahead on Tuesday - a day after a huge sell-off in global stocks driven by a lack of confidence in financial institutions. |
London's FTSE 100 index added 2.2% in early trading, having shed 7.8% in the previous session, while France's leading shares moved 2.7% higher. | |
However, Asian markets were mixed as traders reacted to the turmoil. | However, Asian markets were mixed as traders reacted to the turmoil. |
Japan's Nikkei sank more than 5% - below the 10,000-point barrier - before recovering slightly to close 3% down. | |
Australia's financial markets rallied after the country's central bank cut its official interest rate by 1%. | Australia's financial markets rallied after the country's central bank cut its official interest rate by 1%. |
'Recession arrived' | 'Recession arrived' |
Current rough estimates are that the capital injection could be as much as £50bn in total for all British banks Robert PestonBBC business editor class="" href="http://www.bbc.co.uk/blogs/thereporters/robertpeston/2008/10/banks_ask_chancellor_for_capit.html">Read Robert's blog in full | |
The market moves came amid developments including:
| |
| In London, the FTSE 100 index was up 102 points at 4,691. |
Its 391-point drop on Monday had wiped £93bn from the value of London's leading shares. | |
France's Cac-40 index added 2.7% after losing more than 9% in the previous session, while Germany's Dax-30 gained 1.8% | |
The Nikkei index lost 317.2 points to end at 10,155, while Hong Kong's Hang Seng index was 5% lower in afternoon trading. | |
On Wall Street on Monday, the Dow Jones recovered from being more than 800 points down to end 370 points lower at 9,955.5 points - its first sub-10,000 finish since 2004. |