FINANCIAL NEWS - Banks Shares Lead Declines as Europe Tracks U.S. Losses - Wall Street Journal FINANCIAL NEWS - Banks Shares Lead Declines as Europe Tracks U.S. Losses - Wall Street Journal

Wednesday, February 11, 2009

FINANCIAL NEWS - Banks Shares Lead Declines as Europe Tracks U.S. Losses - Wall Street Journal

European markets Wednesday tracked Wall Street's sharp overnight losses, with financial stocks leading the declines. The pan-European Dow Jones Stoxx 600 declined 0.9%. Of national indexes, London's FTSE 100 Index lost 0.4%, Frankfurt's DAX shed 0.6 in STOCKMARKET NEWS >

Reckitt Benckiser topped forecasts with a 26 percent rise in 2008 profits on Wednesday and despite the global slowdown set ambitious 2009 sales and profit targets, which helped to boost its shares. The household cleaning products group which makes in STOCKMARKET NEWS >

LONDON, Feb 11 (Reuters) - Britain's Reckitt Benckiser topped forecasts with a 26 percent rise in 2008 profits on Wednesday and despite the global slowdown set ambitious 2009 sales and profit targets, which helped to boost its shares. The household in STOCKMARKET NEWS >

HONG KONG, Feb 11 (Reuters) - Asian stocks fell, led by financials and energy shares, and the yen strengthened on Wednesday, with scepticism rife about a new plan from Washington to fix banks that could cost as much as $2 trillion. Major European in STOCKMARKET NEWS >

By Prashant Mehra MUMBAI, Feb 11 (Reuters) - Indian shares snapped a three-day rally and dropped 0.3 percent on Wednesday, but the fall was far less than in world markets as investors clung to hopes for a domestic economic stimulus package early next in STOCKMARKET NEWS >

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