Archive for November 4th, 2008

Record Election Day rally for stocks, credit thaws (Reuters)

People arrive at the Reserve Bank of Australia building in central Sydney November 4, 2008. (Daniel Munoz/Reuters)Reuters - U.S. stocks had their biggest Election Day rally ever on Tuesday as investors looked forward to the end of the uncertainty surrounding the long fight for the White House, while global credit markets showed more signs of a thaw.

Reuters

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US, European stocks rally as US vote stirs relief hopes (AFP)

Stocks index figures are shown at a local securities firm in Taipei. Wall Street and European stocks rallied as Americans voted Tuesday, with investors hoping that a new president will bring relief from the global financial crisis.(AFP/Sam Yeh)AFP - Wall Street and European stocks rallied as Americans voted Tuesday, with investors hoping that a new president will bring relief from the global financial crisis.

AFP

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Dollar down, gold up in Europe (AP)

AP - The U.S. dollar was down against most other major currencies in European trading Tuesday. Gold rose.

AP

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World markets surge as America votes (AP)

A specilaist works at his post on the floor of the New York Stock Exchange Tuesday, Nov. 4, 2008. (AP Photo/Richard Drew)AP - World markets surged higher Tuesday as the uncertainty about who will be the next U.S. president neared an end and a leading U.S. investment bank told its clients in Europe to buy stocks after the savaging they have taken in the last few weeks.

AP

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Credit markets show signs of thaw, EU presses reform (Reuters)

People arrive at the Reserve Bank of Australia building in central Sydney November 4, 2008. (Daniel Munoz/Reuters)Reuters - Global credit markets showed more signs of a thaw on Tuesday and Australia cut interest rates sharply ahead of expected reductions in Europe this week, but the deep freeze in bank lending appeared far from over.

Reuters

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