US and European shares drop seriously!

US and European shares drop seriously!
Jun 27, 2008 03:47
ZOEY Points: Join Date: Nov 29, 2004 Status: offline	FT reports, US and European shares slumps greatly due to the investors' fears of financial crisis esclated yesterday. It is estimated that the banks and brokerages will cut the dividends and raise more money. GM, GE and CBS's shares all hit their lowest levels. General Moters' shares sank to its 53 years low. Citi-bank's shares fell about 5 percent, dropping to their lowest level in recent 10 years. The Dow Jones Industrial Average and the S&P 500 both fell down greatly. In Europe, the FTSE Eurofirst 300 went down to its lowest level since November in 2005. Discouraged by the record oil prices and the enduring effects of credit crisis, people have little expection on the prospect of the US economy recovering in the second of this year.

Jun 27, 2008 03:47

ZOEY
Points:
Join Date: Nov 29, 2004
Status: offline

FT reports, US and European shares slumps greatly due to the investors' fears of financial crisis esclated yesterday. It is estimated that the banks and brokerages will cut the dividends and raise more money. GM, GE and CBS's shares all hit their lowest levels.

General Moters' shares sank to its 53 years low. Citi-bank's shares fell about 5 percent, dropping to their lowest level in recent 10 years. The Dow Jones Industrial Average and the S&P 500 both fell down greatly. In Europe, the FTSE Eurofirst 300 went down to its lowest level since November in 2005.

Discouraged by the record oil prices and the enduring effects of credit crisis, people have little expection on the prospect of the US economy recovering in the second of this year.

Post a Reply to: US and European shares drop seriously!