European stock markets remain jittery but in mid-day trading most major indices have made gains after morning losses.
Frankfurt's DAX is up by around one percent. The FTSE 100 in London and the CAC 40 in Paris are also in positive territory. But bank stocks are all suffering heavy sell-offs as the extent of their toxic assets continue to scare investors away. Earlier in the day, Tokyo's Nikkei index temporarily dropped more than five percent shortly after the opening of the session, before bouncing back somewhat. A bold move by Australia's central bank spurred other Asian markets to a bit of European stock markets open with modest gains ...
ECB to inject 70 billion into money markets ... a recovery. The Reserve Bank of Australia cut a full percentage point off of its key interest rate. The main indices in Australia, Singapore, Taiwan and South Korea all ended trading in positive territory.
(Deutsche Welle)
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