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Article: World markets mixed as US stimulus rally fades
- Article from:
- AP Online
- Article date:
- February 9, 2009
- Author:
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World stock markets were mixed Monday, with Tokyo's index down more than 1 percent, as a recent rally over the $827 billion plan to resuscitate the U.S. economy began to fade.
Stocks have advanced strongly lately on expectations the U.S. measures, expected to pass the Senate Tuesday, will reverse the country's deepest recession in decades by stemming massive job losses and increasing spending.
A coming overhaul of the government's $700 billion financial bailout program, to be detailed by Treasury Secretary Timothy Geithner on Tuesday, also has given sentiment a lift. Among new measures under consideration are guarantees to help banks limit losses from their souring assets.
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