Europe Markets Take On Water, US Plan Not Enough

Posted: September 29, 2008 at 4:35 am

95129cThe bailout plan proposed by Treasury and likely to pass Congress this week has not been nearly enough to calm world markets. The Heng Seng fell over 4%.

In Europe, at 5.35 AM, the FTSE is off 2.1%. The DAXX is down 2.7% and the CAC 40 is off by 2.6%.

Douglas A. McIntyre

Read more: International Markets
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