Stock markets worldwide continue their freefall

[marmar]

from MarketWatch:


Europe

London 4,716.00 -264.25
Paris 3,830.97 -249.78
Frankfurt 5,479.12 -317.91

Asia

Tokyo 10,473.09 -465.05
Hong Kong 17,682.40 -528.71
Sydney 4,544.70 -158.10


U.S. stock futures extend slide after bailout passage

By Steve Goldstein, MarketWatch

LONDON (MarketWatch) -- U.S. stock futures tumbled Monday as the world's financial crisis didn't appear to be repaired by the $700 billion troubled rescue plan, with Germany seeing the need to guarantee its retail deposits and Bank of America settling a regulatory dispute by cutting mortgages by $8.4 billion.

S&P 500 futures fell 29.7 points to 1,078.60 and Nasdaq 100 futures fell 34.5 points to 1,443.00. Dow industrial futures fell 264 points.

Yields on 10-year U.S. Treasury bonds fell 9 basis points, the yen rallied strongly against rival currencies and oil futures tumbled $4.95 to $88.93 a barrel. The euro skidded to $1.3590, trading around 13-month lows.

The FTSE 100 lost nearly 6% in London and the Nikkei 225 tumbled 4.2% in Tokyo.

The moves come after President Bush signed a $700 billion bailout package into law, at a time when a government report showed 159,000 jobs lost in September.

"These really are unforgiving times and it was a case of buy the rumor, sell the fact as the S&P 500 moved from being up more than 3% as the last few necessary 'yes' TARP bill votes were being registered, to a near four-year low at the close," said Jim Reid, a strategist at Deutsche Bank.

The Dow industrials fell 157 points, the S&P 500 lost 15 points and the Nasdaq Composite declined 29 points on Friday. ........(more)

The complete piece is at: http://www.marketwatch.com/news/story/us-stock-futures-extend-slide/story.aspx?guid=%7B1AB1E968%2D7B3A%2D408E%2DA112%2DD53E85CF489F%7D