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India On Media |
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| Money
News |
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| US shares fall in opening trading |
| US shares have fallen in early trading ahead of a key vote in the US Senate on a revised version of the $700bn (£380bn) bank rescue plan
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| UNITED STATES OF AMERICA
, 1-October-2008
6:53:49 AM |
| Despite hopes that enough changes have been made to get the bill passed, investors remain nervous.
If the Senate does approve the bill it will still have to go to the House of Representatives, which voted against the first version on Monday.
Wall Street's main Dow Jones index was down 119 points in initial exchanges.
In Europe shares were mixed, with the UK's FTSE 100 rising while Germany's Dax fell.
Mixed picture
As the Senate prepares for the crucial vote, the markets have reacted as follows:
Dow Jones down 119 points or 1.1% to 10,732 in early trading on Wall Street
Nasdaq down 20 points or 1% to 2,073
The UK's FTSE 100 was up 77 points, or 1.6%, at 4,977 in afternoon trading in London
Germany's Dax was down 22 points, or 0.4%, at 5,809, although the fall was intensified by carmaker Daimler dropping 4.5% on fears of a profit warning
France's Cac 40 was down six points, or 0.15%, at 4,026, after earlier posting minor falls
Earlier on Wednesday, Japan's Nikkei index had ended up 1%, while Australia's main index closed up 4%
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