by Calculated Risk on 11/26/2009 09:39:00 PM
Thursday, November 26, 2009
Some Turkey Night reports and futures ...
From The Times: Dubai in deep water as ripples from debt crisis spread
Fears of a dangerous new phase in the economic crisis swept around the globe yesterday ... Shares plunged, weak currencies were battered and more than £14 billion was wiped from the value of British banks on fears that they would be left nursing new losses.The French CAC-40 was down 3.4% and the German DAX index was down 3.3%.
Although the scale of Dubai’s debts is comparatively modest at $80 billion (£48 billion), the uncertainty spooked the markets ... The FTSE 100 plunged by 171 points to 5,194 — its biggest one-day fall in eight months ...
In Asia, the Hang Seng is off about 3%, and Nikkei is off 1.8%.
In the U.S, the S&P futures are off about 25 points (Dow futures off 200). Some sources:
Best to all.
Posted by Calculated Risk on 11/26/2009 09:39:00 PM