Doubts on US Stimulus Plan Create Global Ripple; SHARE PRICES MARKET REPORT

The Birmingham Post (England), February 18, 2009 | Go to article overview

Doubts on US Stimulus Plan Create Global Ripple; SHARE PRICES MARKET REPORT


The FTSE 100 Index plunged deep into the red yesterday as doubts over the United States economic stimulus plan rippled through global markets.

Wall Street was closed yesterday but the Dow Jones Industrial Average swiftly fell more than three per cent on opening as US car giants rushed to meet deadlines for plans on how to repay huge public loans.

The Footsie followed the downbeat mood as President Obama prepared to sign his EURUS787 billion (pounds 548 billion) package into law. It closed 100.6 points lower at 4034.1 after briefly dipping below 4,000 for the first time since January.

Elsewhere in Europe, Germany's Dax lost 3.4 per cent andFrance'sCAC40shedmore than two per cent.

In the UK, figures showing that UK inflation eased at a slower-than-expected pace - falling from3.1 per cent to three per cent last month - also failed to boost investor sentiment.

The banking sector was a major casualty of the falls with Lloyds Banking Group coming under more pressure after last week's shock HBOS profits warning.

Under-pressure property firms were also suffering, with Land Securities dropping nine per cent after indicating on Monday it may follow its rivals in asking shareholders for additional cash.

As well as a fall of 53p to 568.5p for Land Secs, Hammerson was off 36p to 351.25p and British Land dropped 13.5p to 436.75p, a fall of five per cent.

Their FTSE 250 counterparts also felt the heat, with Brixton the worst hit in the second tier. The stock fell 19p to 48p, a fall of almost 40 per cent.

Back in the top flight, Standard Chartered and HSBC joined Lloyds on the fallers' board, sliding 69. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Doubts on US Stimulus Plan Create Global Ripple; SHARE PRICES MARKET REPORT
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.