Awaiting Crucial G7 Comments
The G7 is meeting here in Washington right now and a joint statement is expected at about 6 p.m. Treasury Secretary Hank Paulson will hold a press conference at 6:45 p.m.
The G7 is made up of the finance ministers from Canada, Italy, England, France, Germany and Japan, along with the U.S.--Paulson.
They are meeting in Washington this weekend and investors hope the G7 can come up with a coordinated effort to get credit flowing again, the lifeblood of the world economy.
"Markets and people the world over will be looking for a clear sign that governments of the largest economies in particular are prepared to act -- they are prepared to take firm measures that will make a difference," Alistair Darling, Britain's chancellor of the exchequer, told Reuters.
-- Frank Ahrens
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