Financial crisis at-a-glance: 7 Oct

[vince08]

Financial crisis at-a-glance: 7 Oct
All times in BST.

0936: Russian regulator delays start of trading on Moscow exchanges until 1300 local time (1000 BST), two-and-a-half hours after normal opening.

0935: The Icelandic government takes control of Landsbanki, the country's second largest bank, which owns Icesave in the UK.

0922: Royal Bank of Scotland shares are down 39%.

0921: The pound hits a two-and-a-half year low against the US dollar.

0900: The FTSE retreats, leaving the index just 20.1 points higher at 4609.3 after an hour of trading.

0857: Royal Bank of Scotland shares slump 30% on reports that it is in talks to secure government funding. Other top banking shares drop between 14% and 24%.

0843: Frankfurt's DAX 30 is up 1.47% and the Paris Cac 40 climbs 3.08%.

0810: London's FTSE 100 rises 1.5%, recovering some of the losses from Monday when it fell by 7.86%.

0720: Moscow's two stock exchanges say they will stay closed for the morning.

0700: Japan's Nikkei 225 share index finishes above 10,000, but is still down 3% on the day at 10,155.9.

0500: Japan's central bank says it is keeping its key interest rate unchanged at 0.5%.

Japanese rates on hold
0500: Australia's central bank cuts its key interest rate to 6% from 7% - a much greater cut than had been expected.

Australia cuts rates
0120: Japan's benchmark Nikkei 225 share index falls below 10,000 for the first time since December 2003.






MARKET DATA - 10:56 UK
FTSE 100 4580.70down -8.49 -0.18%
Dax 5352.06down -34.95 -0.65%
Cac 40 3729.98up 18.00 0.48%
Dow Jones 9955.50down -369.88 -3.58%
Nasdaq 1862.96down -84.43 -4.34%
BBC Global 30 5070.91down -7.97 -0.16%

Data delayed by at least 15 minutes
Marketwatch ticker


http://news.bbc.co.uk/1/hi/business/7656212.stm