Crisis Legal NewsClick here to add this website to your favorites
Crisis News Search >>>

European and U.S. stock markets fell Friday amid low trading volumes before the weekend as investors remained cautious about chasing a three-month rally much higher without further signals of economic recovery.

In midday trading in New York, the Dow Jones industrial average was down 0.2 percent to 8,750.28 and the broader Standard & Poor's 500 index fell 0.6 percent to 939.23.

Germany's DAX closed 0.7 percent lower at 5,069.24, while the CAC-40 in France lost 0.4 percent at 3,326.14. The FTSE 100 index of leading British shares was down 0.5 percent at 4,441.95, with Barclays PLC falling 4 percent after it confirmed the sale of its global investment unit to U.S. fund manager BlackRock Inc. for $13.5 billion.

"This was, of course, far from being a surprise, and the weakness seen in the share price of Barclays is a reflection of investors taking money off the table when it comes to the banking sector in general," said David Jones, chief market strategist at IG Index.

In Europe, stocks fell after the European Union's statistics office Eurostat revealed that industrial production in the 16 countries that use the euro slumped by 1.9 percent in April from the previous month. That was more than the 1 percent decline expected in the markets and stoked worries that the recession in the euro zone may not yet have bottomed out, as some had hoped.

© Crisis Legal News - All Rights Reserved.

The content contained on the web site has been prepared by Legal Crisis News
as a service to the internet community and is not intended to constitute legal advice or
a substitute for consultation with a licensed legal professional in a particular case or circumstance.
 Law Firm Web Design Information
Law Promo can construct your law firm a brand new responsive website, or help you redesign your existing site to secure your place in the mobile world. We believe our work speaks for itself by showcasing quality design while reflecting our extensive experience in the online legal marketing industry. Law Firm Website Designs by Law Promo.| Law Firm Logo Design
   Latest Crisis Legal News
   Sponsored Links
Chicago Business Law Attorney
Corporate Litigation Attorneys
Fort Lauderdale Criminal Defense Lawyer
Miami Sex Crimes Lawyer
Fort Washington Employment Law Firm
Attorney Marc E. Weinstein
Santa Ana Workers' Compensation Lawyers
Car Accidents Attorneys
New Rochelle Personal Injury
Eugene Criminal Defense
Law Office of Max J Mizejewski
Family Law. Call 541.505.9872
CPA Accounting Web Design
Finanace Office Web Designs
Lorain Elyria Divorce Lawyer
New York Adoption Lawyers
New York Foster Care Lawyers
Adoption Pre-Certification
Cobb County Criminal Attorney
Georgia Criminal Defense Lawyer
San Francisco Trademark Lawyer
San Jose Trademark Lawyer
Eugene Chapter 7 Bankruptcy Lawyer
Oregon Chapter 7 Bankruptcy Lawyer