Global Markets News

Wall St sinks as European debt plight worsens

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NEW YORK - Stocks tumbled 3 percent on Wednesday in the market's worst day since mid-August as a spike in Italian bond yields signaled the European debt crisis had worsened. | Video

Euro drops most in 15 month as Italy worries grow

NEW YORK - The euro fell the most in 15 months against the U.S. dollar on Wednesday, and fears Italy could be the next euro zone country to seek a financial bailout suggested more losses to come. | Video

4:31pm EST

Crude falls on Europe woes, shrugs U.S. draws

NEW YORK - Crude oil futures slumped more than 2 percent Wednesday as Europe's debt crisis worsened, outweighing U.S. government data that showed unexpectedly large drawdowns in domestic crude and product stockpiles.

2:55pm EST

Gold slips as Wall Street sinks, dollar surges

NEW YORK/LONDON - Spot gold held to a slight loss on Wednesday in a global market sell-off, but losses were limited as investors sought safety amid doubts economic reforms in Italy and fears that euro zone leaders may be too late to resolve the region's debt crisis.

3:22pm EST

European shares hit as Italian debt risk surges

LONDON - European shares fell on Wednesday as rising tensions around Italy's debt situation pushed its bond yields into the danger zone, hitting riskier assets across the board and sending shares in financials sharply lower. | Video

12:55pm EST

German "wise men" warn ECB is risking credibility

BERLIN - Germany's "wise men" panel of economic advisers warned the European Central Bank it risks losing credibility by buying the bonds of heavily-indebted euro zone states, and that monetary and fiscal policy are becoming worryingly blurred.

9:01am EST
World Markets

US STOCKS-Wall St sinks as European debt plight worsens

NEW YORK, Nov 9 - U.S. stocks tumbled 3 percent on Wednesday in the market's worst day since mid-August as a spike in Italian bond yields signaled the European debt crisis had worsened.

FTSE sinks as Italian debt yields spook investors

LONDON, Nov 9 - Britain's top shares sank to their lowest close for a week on Wednesday on spiralling concerns over Italy's debt as the country's bond yields raced to dangerous levels.

Financials, Stocks, 12:51pm EST

European shares hit as Italian debt risk surges

* FTSEurofirst 300 ends down 1.8 pct; volatility up 5.2 pct

Stocks, European Markets, 12:54pm EST

Nikkei climbs more than 1 pct, Italy PM eyes exit

* Benchmark regains its 25-day moving average * Olympus skids 20 pct, down by its daily limit * Nomura regains some ground, denies Olympus involvement * SMFG ends up in heavy trading after fall to record low By Lisa Twaronite TOKYO, Nov 9 - The Nikkei stock average rose on Wednesday following news that Italy's prime minister would resign, paving the way for austerity reforms to ease the euro zone's debt crisis, while scandal-hit Olympus Corp skidded another 20 pe

Hong Kong, Shanghai shares up as China inflation eases

* Mainland developers continue to lag in Shanghai (Updates to close)

4:19am EST

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