Agoracom Blog

Breaking Financial News – 6:30 AM EST – Buckle Up. World Markets Battered.

Posted by AGORACOM at 5:48 AM on Monday, October 6th, 2008

If the bailout bill was supposed to stabilize markets, somebody forgot to tell investors around the world.  I woke up this morning to find the following:

  • Asian Markets – > Down 4 %- 5%
  • Euro Exchanges – > Down 5.5%
  • US Futures – > Dow, S&P, Nasdaq down 2.1 – 2.5%
  • Overnight Dollar Libor – > 2.37% vs 2%

On the green side, gold is up $15 to $851.

On the green side (for the economy) oil has fallen below $90.

Regards,
George

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