Tuesday, September 18, 2012

World markets dip as boost fades from Fed stimulus, European banking union faces long talks

Washington Post
September 16, 2012

Global stock markets were muted Monday as the boost faded from the Federal Reserve’s announcement last week of new measures to energize the U.S. economy.

Signs that European governments will take longer than expected to agree the details and set up their banking supervisor also weighed on sentiment

By the time the markets closed in Europe, Germany’s DAX was down 0.1 percent to 7,403 while France’s CAC 40 dropped 0.8 percent to 3,5553. Britain’s FTSE 100 index lost 0.4 percent to 5,893.

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