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Article: World markets stung by banking worries
- Article from:
- AP Online
- Article date:
- November 3, 2009
- Author:
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World stock markets mostly fell Tuesday amid renewed concerns about the banking sector after Britain's Royal Bank of Scotland got more government help and Switzerland's UBS AG booked another massive charge.
Uncertainty about a raft of key economic announcements later this week, culminating in Friday's crucial U.S. payrolls report, kept a lid on sentiment, too, though the $34 billion takeover of Burlington Northern Santa Fe Corp. by Warren Buffett's Berkshire Hathaway Inc. helped ease the selling pressure.
In Europe, Britain's FTSE 100 index of leading British shares closed down 60.00 points, or 1.2 percent, at 5,044.50 while Germany's DAX fell 66.36 points, or 1.2 percent, ...