Friday, August 17, 2007
Slip, Sliding away…..
European markets had a mixed start to trading on Friday, following heavy falls on Asian stock markets. The interesting bits are near the bottom of the article "US shares were helped by rumours that Bear Stearns, which is heavily exposed to the mortgage sector, could get funding from a Chinese bank. There was talk that the Federal Reserve could cut interest rates to help support the troubled housing market."