UK Money blog provides news and comment on the world of money, finance and investment. We cover mortgages, loans, leasing, insurance, credit cards, property, savings and taxation.
28 October 2008
Dow Jones Climbs 10.9%
Could this be the end of the beginning? After weeks of really bad news the Dow Jones Industrial Average shrugged off data regarding poor consumer confidence to record a 10.88% rise to 9065. The prospect of a 0.5% cut in US interest rates appears to have over ridden the negative sentiment. It will be interesting to see how Asian and European stock markets reacts during the early part of Wednesday.
Labels:
Dow Jones Index,
Stock markets
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