Archive for August 16th, 2011

New Overnight Developments Abroad - Daily Update

European Stocks Slump After GDP Data Are Released

August 16, 2011

The German Dax, Paris Cac and British Ftse are down 2.1%, 1.4%, and 0.7%.  Euro area 2Q GDP results were softer than feared.  Expectations are low on the outcome of a meeting today between French President Sarkozy and German Chancellor Merkel. In the Pacific Rim, stocks had rallied 4.8% in South Korea but fallen by […] More