Antwort auf Beitrag Nr.:
30.972.948 von nonkeynes2 am 01.08.07
Vielen könnte das Lachen noch vergehen, vor
die 2000 noch nicht an der Börse aktiv waren...
Stocks Fluctuate Amid Home Loan Jitters
Wednesday August 1, 3:10 pm ET
By Tim Paradis, AP Business Writer
Stocks Zigzag As Wall Street Faces Concerns on Home Loans, Credit
NEW YORK (AP) -- Wall Street careened through a difficult session
Wednesday, changing directions several times as investors were
beset by ongoing concerns about U.S. home loans and the credit
Stocks had for a time seemed to be holding their gains, but the
market resumed its zigzags, suggesting that any advance was perhaps
tenuous and could be punctured by further bad news about soured
subprime home loans, those made to borrowers with poor credit.
The back-and-forth session revealed the fractious nature of the
stock market after a series of triple-digit swings in the Dow Jones
industrials over the past week. On Tuesday, Wall Street gave back a
big early gain and resumed the sharp slide it began last week, as
concerns about home loan defaults and their fallout re-emerged when
American Home Mortgage Investment Corp. reported troubles with its
Economic news -- including a better-than-expected report on pending
home sales -- as well as record oil prices failed to peel
investors' focus from credit.
"We've got a tug-of-war going on," said Arthur Hogan, chief market
analyst at Jefferies & Co. He contends Wednesday's trading
represents a microcosm of the market's performance of recent weeks,
when investors alternately focus on concerns like subprime loans
and rising energy prices and positives like low unemployment, low
interest rates and corporate profits.
U.S. Crisis Sends World Markets Tumbling
Wednesday August 1, 12:38 pm ET
By Matt Moore, AP Business Writer
European, Asian Markets Fall Again, Spurred by Mounting Fears Over
U.S. Subprime Market Crisis
FRANKFURT, Germany (AP) -- European and Asian markets tumbled again
Wednesday, spurred by mounting fears that the crisis in the U.S.
subprime market could start engulfing banks and other companies
around the world.
In Germany, the DAX-30 Index fell 1.5 percent to close at 7,473.93
as banking stocks slid on news that American Home Mortgage
Investment Corp. had missed margin calls from its lenders and was
mulling several options, including the strategic liquidation of its
The company said the turbulent conditions in the mortgage market
forced it to mark down the value of its portfolio of home loans and
That caused shares to drop as persistent concerns that woes in the
U.S. housing loan market could spread and drag on global growth.
The U.K. FTSE 100 index fell 1.7 percent to 6,250.60 and the French
CAC-40 index lost 1.7 percent to 5,654.30.
In Asia, Japanese stocks sank 2.2 percent to a four-and-half-month
low, Hong Kong's market fell 3.2 percent, and South Korean shares
plunged 4 percent. Indian stocks also sank 4 percent.
Chinese stocks, which had shrugged off the global market turmoil
until now, retreated from record highs. The benchmark Shanghai
Composite Index fell 3.8 percent.
Jimmy Yates, a dealer at CMC Markets in London, said the drop in
European markets was due to the subprime mortgage crisis in the
United States, particularly in the wake of Tuesday's announcement
by American Home Mortgage.
"A lot of this stuff has been talked about and now people are
starting to really factor it in and thinking it could have an
effect on GDP and a U.S. slowdown," Yates told The Associated
Press. "The knockdown effect on the global economy can never be
He said traders are curious and cautious about what kind of
amounts of money could be involved, adding that some estimates have
run as high as US$250 billion (euro182.98 billion).
"No one knows what kind of effect it's going to have," he said. "We
could be talking massive amounts of money."