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Preview from Europe: Stocks End Quarter with a Whimper

seekingalpha.com » 2009 » July » 1st » Preview from Europe: Stocks End Quarter with a Whimper

Tagged: c, nvo, fnm, nmr, anz, sdx, rbs, maksy pk, the mole, alnpy pk, tscdy pk

The Mole submits: The unexpected fall in US consumer confidence and a Fannie Mae (FNM) report showing a rise in mortgage delinquencies startled still-sleepy markets yesterday. The Conference Board’s measure fell by nearly six points in June to 49.3, as both the current conditions and expectations indices fell. That spooked equities, with the Dow Jones going from up about 20 points to down 85 … Continue Reading »

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