Most European and Asian shares have shown increases as investors absorbed news of a co-ordinated interest rate cut.
Banking shares helped push the UK's FTSE 3 percent higher in early trading, while France's CAC rose 2.9 percent and Germany's Dax added 2.4 percent. Russian stock markets climbed strongly after reopening following a suspension in trading on Wednesday. Japan's Nikkei index however, closed lower after its prime minister called for more action to boost the country's economy. In Sydney, Australia's main share index fell 1.8 percent, but Hong Kong's Hang Seng index closed up 3.3 percent higher. Meanwhile, the European Central Bank said it would offer an unlimited amount of euros in one-week loans at a fixed Japanese stocks plunge by nine percent ...
Europe worries dent stock markets ...
German KfW bank axes two directors over Lehman transfers ...
Asian shares down after US deal ...
Hong Kong democrats retain veto ...
Lufthansa to Bid for Austrian Air Stake, Named in Alitalia Deal ... rate of 3.75 percent. The decision was taken in line with changes to bank lending policies announced late on Wednesday.
(Deutsche Welle)
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