Stock Trading News – US stocks rise on rate slash hopes – Sydney Morning Herald
NEW YORK – US stocks rose on Monday on hopes the Federal Reserve would keep slashing interest rates to prevent the housing slump from tipping the economy into a recession. LONDON – The FTSE 100 of Britain’s leading shares reversed earlier losses but ended down 1. FRANKFURT – The DAX index ended at 6,818. PARIS – The CAC-40 index closed at 4,848. HONG KONG – Stocks slid 4. WELLINGTON – The sharemarket broke its three day winning streak to close down on Monday, by 18. read more
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