S&P Downgrades Shake Asia And Europe Markets
The downgrade of the sovereign debt of nine EU nations, including France, battered stock markets in Asia and Europe. The Nikkei 225 dropped 1.43% to 8,378. The Hang Seng was off 1% to 19,012. In Europe, the FTSE 100 was off…
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The downgrade of the sovereign debt of nine EU nations, including France, battered stock markets in Asia and Europe.
The Nikkei 225 dropped 1.43% to 8,378. The Hang Seng was off 1% to 19,012.
In Europe, the FTSE 100 was off by .33% to 5,617. The DAX reverse and was slightly higher by .37% to 6,167. As might be expected, the hardest hit stocks were those of banks, many of which hold the sovereign debt of troubled nations in the region
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
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McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.