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USA UK and Malta News
04/11/2008 - 19:18

UK Today Editoweb 4 november 2008

Stocks up sharply as US presidential vote stirs investor hopes - Sinking profits heighten recession fears - Merkel details economic 'bridge' to 2010 recovery.



Stocks up sharply as US presidential vote stirs investor hopes

Wall Street and European stock markets posted sharp gains Tuesday as voting got underway in a historic US presidential election, with investors hoping a new leader will provide a fresh start out of the financial crisis.

Sinking profits heighten recession fears

BMW became the latest auto giant to be hit by the financial crisis Tuesday, announcing a profits dive while a key European official admitted the continent failed to read recession warning signs.

Merkel details economic 'bridge' to 2010 recovery

Chancellor Angela Merkel gave details on Tuesday of measures she hopes will help Europe's biggest economy mitigate the effects of a sharp global slowdown and confidently predicted an upswing in 2010.

Wheels Come Off Car Maker's Profits

Luxury German car maker BMW has reported a massive 63% drop in third quarter profits - blaming the global economic turndown.

Hot Small Caps: China Goldmines down on production fear

The following is a round-up of key small cap movers on the London stock market on Tuesday.

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