Archive for November 5th, 2008

Obama victory sparks profit-taking in US, European stocks (AFP)

A giant symbol of the European Union's currency outside the headquarters of the European Central Bank in Frankfurt. Wall Street and European stocks fell back Wednesday as investors buckled down for an expected gloomy economic ride after the euphoria of Democrat Barack Obama's US presidential election victory.(AFP/File/John Macdougall)AFP - Wall Street and European stocks fell back Wednesday as investors buckled down for an expected gloomy economic ride after the euphoria of Democrat Barack Obama's US presidential election victory.

AFP

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London FTSE down steeply (AFP)

The UK's FTSE 100 Index slipped back Wednesday, ending six consecutive days of gains as investors mulled the implications of Barack Obama's decisive US presidential election victory and judged recent market strength as disproportionate.(AFP/File/Shaun Curry)AFP - The FTSE 100 Index slipped back Wednesday, ending six straight days of gains as investors mulled the implications of Barack Obama's US presidential election victory and judged recent market strength as overcooked.

AFP

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US, European stocks falter as Obama wins US presidency (AFP)

A giant symbol of the European Union's currency outside the headquarters of the European Central Bank in Frankfurt. The European Central Bank is also set to cut its main lending rate sharply at a meeting on Thursday.(AFP/File/John Macdougall)AFP - Wall Street and European stocks fell Wednesday as investors took profits despite gains earlier in Asia as Democrat Barack Obama was elected the first black president of the United States.

AFP

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Obama faces dangerous crises from day 1 (AP)

President-elect Barack Obama waves after giving his acceptance speech at Grant Park in Chicago Tuesday night, Nov. 4, 2008. (AP Photo/Morry Gash)AP - Two difficult wars in Iraq and Afghanistan. A simmering nuclear crisis with Iran. Renewed rivalries with Russia and China. A global financial meltdown spawned on Wall Street. Terrorists almost certainly looking for ways to mount a fresh attack in the U.S.

AP

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EU says it must examine German aid for Commerzbank (AP)

AP - EU regulators refused Wednesday to give Commerzbank AG an immediate all-clear for a German government capital injection that would help it ride out losses from the financial crisis.

AP

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  • Europe markets down ahead of expected US sell-off (AP)