Network News

X My Profile
View More Activity
2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Another Rough Morning Ahead

Following a dismal day on Wall Street yesterday, with the Dow closing down about 5 percent, it has been a rough night and morning for overseas trading.

Japan's Nikkei was down 6.5 percent. The FTSE 100 index in London is off 4 percent.
And things don't look much better for U.S. trading today. Dow futures are down 107 points, or 1.1. percent. S&P futures are also down: 12.9 points, or 1.4 percent.

Most traders seem to be reacting to more sour earnings news, this time from Toyota, Cisco, and Adidas. Toyota is forecasting its biggest drop in profit in at least 18 years.

Also this morning, all eyes are focused on the European Central Bank for the results of its rate-setting decision. Many economists are forecasting a hefty cut.

The Ticker will continue updating news throughout the day.

-- Michael S. Rosenwald

By Michael S. Rosenwald  |  November 6, 2008; 7:29 AM ET
Categories:  The Ticker  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: Paulson: Way To Go, Obama
Next: Dow Opens Weakly

No comments have been posted to this entry.

The comments to this entry are closed.

RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company