Stock markets are still low despite measures

Stock markets are still low despite measures
# 09 October 2008 12:38 (UTC +04:00)
Baku. Vahab Rzayev - APA-Economics. he Dow Jones industrial average fell 189.01 points, off 2 percent, to 9,258.10. The Standard and Poor’s 500 fell 1.13 percent, or 11.29 points, to 984.94. The Nasdaq composite index lost 14.55 points, 0.83 percent, to 1,740.33.
On the New York Stock Exchange, 749 stocks advanced and 2,451 declined on a volume of 8.42 billion shares traded.
The benchmark 10-year U.S. Treasury bond fell 1 12/32 to yield 3.672 percent.
The euro rose to $1.3663, compared to $1.3615 Tuesday. Against the Japanese yen, the dollar fell to 99.68 yen from 101.32 yen.
Major central banks launched an exceptional joint effort to battle the global financial crisis, simultaneously slashing interest rates on three continents.
In London the FTSE 100 index of leading shares shed 5.18 percent in turbulent trade to finish at 4,366.69 points while in Paris the CAC 40 fell 6.39 percent to 3,493.70 points.
The Frankfurt DAX lost 5.88 percent to 5,013.62 points.
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