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Wall Street set to follow global sell-off (AP)

A share trader blows his nose while on the trading floor of the Frankfurt stock exchange, October 6, 2008. (Kai Pfaffenbach/Reuters)AP - Financial markets around the world had a rocky start Monday after European governments took steps to limit the damage from the growing global financial crisis. U.S. stocks looked to have a steep drop at the opening, and the credit markets remained under strain.


Panic engulfs global stock markets (AFP)

Traders at the Hong Kong Stock Exchange on October 3. World markets have suffered massive losses, striking four-year lows, as panic-stricken investors doubted whether a Wall Street bailout package would stem the global financial crisis(AFP/File/Mike Clarke)AFP - World markets suffered massive losses Monday, striking four-year lows, as panic-stricken investors doubted whether a Wall Street bailout package would stem the global financial crisis.


European, Asian markets plunge on crisis fears (AP)

A Japanese businessman looks back a digital stock indicator in Tokyo Monday, Oct. 6, 2008. Japanese stocks sank Monday to their lowest finish in nearly five years on growing worries about a global economic slump despite the passage of a U.S. financial bailout package. The benchmark Nikkei 225 index lost 465.05 points, or 4.25 percent, to close at 10,473.09 — its lowest finish since February 2004. (AP Photo/Koji Sasahara)AP - Asian and European stock markets plunged Monday as government bank bailouts in the U.S. and Europe failed to alleviate fears that the global financial crisis would depress world economic growth.


Stock futures tumble as credit woes fan global rout (Reuters)

A share trader blows his nose while on the trading floor of the Frankfurt stock exchange, October 6, 2008. (Kai Pfaffenbach/Reuters)Reuters - Stock futures slid on Monday as concerns about the widening fallout from the credit crisis fueled a global equities sell-off and bank rescues in Europe heightened fears about the stability of major financial institutions.


London stocks plummet 6% to lowest point since 2004 (AFP)

The London stock market dived by more than 6.0 percent to hit a four-year low, as banking stocks were battered by heightened concerns over the global financial crisis.(AFP/File/Shaun Curry)AFP - The London stock market dived by more than 6.0 percent to hit a four-year low on Monday, as banking stocks were battered by heightened concerns over the global financial crisis.


Global stocks plunge, yen leaps as credit fears dominate (Reuters)

A foreign currency dealer reacts as he monitors a screen displaying exchange rates between the dollar and the Korean won at the Korea Exchange Bank (KEB) in Seoul October 6, 2008. (Jo Yong-Hak/Reuters)Reuters - World stocks plunged to three-year lows on Monday as investors fled to government bonds, gold and the low-yielding yen, fearing policymakers' efforts to contain the credit crisis might not be enough to prevent a recession.


Investors expect volatility as credit woes persist (AP)

Trader David O'Day works on the floor of the New York Stock Exchange before the closing bell, Friday  Oct. 3, 2008. Stocks ended a volatile week with another sell-off Friday while credit markets remained strained after enthusiasm over the government's $700 billion financial rescue plan gave way to worries about obstacles still facing the economy. (AP Photo/Richard Drew)AP - The world's financial markets face an uncertain and possibly volatile week as investors await details about how the Treasury will implement the government's financial rescue package — and watch for any further fallout from the credit crisis around the globe.


Israeli stock market drops despite US bailout (AFP)

Colorful bull statues on Rothchild Avenue in Tel Aviv to mark the 70th anniversary of Israeli Stock Exchange in 2005. The Tel Aviv stock exchange, one of the few world markets open on Sunday, has taken a dive despite Washington's approval of a $700bln bailout aimed at forestalling a global financial meltdown.(AFP/File/Yoav Lemmer)AFP - The Tel Aviv stock exchange, one of the few world markets open on Sunday, took a dive despite Washington's approval of a 700 billion dollar bailout aimed at forestalling a global financial meltdown.


China to allow margin trading, short selling on trial basis: govt (AFP)

A Chinese stock investor looks on at a security firm in Beijing in September 2008. China will soon allow margin trading and short selling of securities on a trial basis, the China Securities Regulatory Commission (CSRC) said Sunday.(AFP/File)AFP - China will soon allow margin trading and short selling of securities on a trial basis, the China Securities Regulatory Commission (CSRC) said Sunday.


Stocks to struggle despite rescue plan (Reuters)

A trader speaks on a phone outside the New York Stock Exchange in New York, October 3, 2008. (Shannon Stapleton/Reuters)Reuters - Wall Street's mood will likely remain dark this week as fallout from the credit crisis continues to corrode the U.S. economy and questions linger about the likely effectiveness of the newly passed bailout plan in shoring up the financial system.


Cloud lifts, but Wall Street outlook still grim (AFP)

Traders pause to watch the U.S. House of Representatives vote on television on the floor of the New York Stock Exchange (NYSE) October 03, 2008 in New York City. A brutal week on Wall Street ended with the approval of a massive US government lifeline for the troubled financial sector, but investors are still searching for a reason to cheer.(AFP/Getty Images/File/Spencer Platt)AFP - A brutal week on Wall Street ended with the approval of a massive US government lifeline for the troubled financial sector, but investors are still searching for a reason to cheer.


SEC short-selling ban to expire Wednesday night (Reuters)
Reuters - The U.S. Securities and Exchange Commission announced on Friday its ban on financial stock short-selling will expire at 11:59 p.m. ET on Wednesday, October 8.
Congress passes bailout, focus shifts to fallout (Reuters)

US Rep. Spencer Bachus (R-AL) waves to reporters as he departs a meeting with fellow Republicans about a bill to provide a $700 billion bailout for the current financial and banking crisis, on Capitol Hill in Washington, October 3, 2008. (Jonathan Ernst/Reuters)Reuters - The U.S. government enacted a landmark $700 billion bank bailout on Friday, but investors questioned whether it could contain a panic that began on Wall Street and spread to become a global financial crisis.


Bank-Rescue Plan Wins Approval as House Reverses Vote (Bloomberg)
Bloomberg - Oct. 3 (Bloomberg) -- Congress passed a $700 billion financial-market rescue plan designed to unlock credit markets, reversing a rejection that sent global stock markets plunging and threatened to worsen an economic slowdown.
Markets rally on hopes for bailout, Wachovia takeover (AFP)

Traders work on the floor of the New York Stock Exchange on October 2. Stock markets have rallied as investors looked to the US Congress for quick and final action on a 700-billion-dollar Wall Street bailout and took heart from a new US bank takeover.(AFP/Getty Images/Spencer Platt)AFP - Stock markets rallied Friday as investors looked to the US Congress for quick and final action on a 700-billion-dollar Wall Street bailout and took heart from a new US bank takeover.


Citigroup falls on Wachovia-Wells Fargo deal (Reuters)

A man walks out of a Citigroup banking branch in New York September 29, 2008. (Shannon Stapleton/Reuters)Reuters - Shares of Citigroup fell 8 percent to $20.69 in pre-market trade after a merger deal was announced between Wachovia Corp and Wells Fargo & Co .


Wachovia soars on news of Wells Fargo merger (Reuters)

People eat lunch outside Wachovia Plaza Two at their headquarters in Charlotte, North Carolina September 29, 2008. (Jason Miczek/Reuters)Reuters - Shares of Wachovia Corp jumped 64 percent to $6.42 before the bell on Friday after news that the bank had agreed to merge with Wells Fargo & Co .


Economic rescue swiftly signed into law (AFP)

US President George W. Bush walks out from the White House to greet Treasury Secretary Henry Paulson at the Treasury Department in Washington, DC. Bush Friday signed an economic rescue bill just hours after the US House of Representatives reversed course and approved the historic 700-billion-dollar Wall Street bailout.(AFP/Yuri Gripas)AFP - US President George W. Bush Friday signed an economic rescue bill just hours after the US House of Representatives reversed course and approved the historic 700-billion-dollar Wall Street bailout.


Toronto stocks dive as commodities retreat (Reuters)
Reuters - The Toronto Stock Exchange's main index fell nearly 7 percent on Thursday to its lowest level in more than two years, battered by concerns over the outlook for fertilizer producers and a drop in oil and gold prices.
GE falls before stock offering (Reuters)

Jeffrey R. Immelt, chairman and chief executive of General Electric leads a discussion at Universal Studios in Los Angeles, California May 24, 2007. (Fred Prouser/Reuters)Reuters - General Electric shares fell 8.7 percent to $22.38 before the bell on Thursday before of an expected stock offering.


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