"Federal Reserve Chairman Ben Bernanke pledged Friday that the central
bank will "act as needed" to keep the credit crisis that has unhinged
Wall Street from hurting the national economy."
- In obrolan-bandar(*)yahoogroups.com, "Dean Earwicker"
<dean.earwicker@...> wrote:
>
> This is not good for Monday. Not good at all. Oh well...
>
>
> Regards,
> DE
>
>
http://www.reuters.com/article/marketsNews/idINL3174070420070831?rpc=44
>
> European shares pare gains on Bernanke comments
> Fri Aug 31, 2007 10:13AM EDT
>
>
> LONDON, Aug 31 (Reuters) - European shares pared gains on Friday after
U.S.
> Federal Reserve Chairman Ben Bernanke failed to offer clear clues on
the
> direction of interest rates.
>
> At 1408 GMT, the FTSEurofirst 300 (.FTEU3: Quote, Profile, Research)
was up
> 1 percent at 1530.09 points, after rising briefly to 1,537.98 points
soon
> after Bernanke started speaking.
>
> Bernanke said that it was not the Fed's responsibility to protect
lenders
> and investors from the consquences of their decisions.
>
> Across the Atlantic, U.S. stocks also gave up some gains, with the Dow
Jones
> industrial average (.DJI: Quote, Profile, Research) up 0.6 percent,
the
> Nasdaq (.IXIC: Quote, Profile, Research) up 0.9 percent and the S&P
500
> (.SPX: Quote, Profile, Research) up 0.8 percent.
>
Received on Fri Aug 31 2007 - 12:20:25 EDT