(Refiles to clarify this is the close, not early afternoon) * Economic contraction, poor earnings roil Wall Street
We have written about it a lot in Money Morning and we dare say you have read about it in the mainstream press as well. I write of the financial bail-outs.
As you know, it is happening on a global scale. The US, UK and Australian governments are all dipping into your pocket to hand executives [...]
* US Q4 GDP falls 3.8 pct, better than forecast; dlr gains * Euro tumbles on weak euro zone data, risk aversion
* Increased asset allocation into gold fuels rally * Indian gold, euro-priced gold hit records
* For related prices, Reuters Terminal users may click on – * UK stock report [.L] FTSE index: <0#.FTS6> techMARK 100 index: <.FTT1X> FTSE futures: <0#FFI:> Gilt futures: <0#FLG:> Smallcap index: <.FTSC> FTSE 250 index: <.FTMC> FTSE 350 index: <.FTLC> Market digest: <.AD.L> Top 10 by vol: <.AV.L> Top price gainers: <.NG.L> Top % gainers: <.PG.L> Top price losers: <.NL.L> Top % losers: <.PL.L> * For related news, click on – * UK hot stocks: [HOT&GB] Wall Street: [.N] Gilts report: [GB/] Euro bond report [GVD/EUR] Pan European stock report: [.EU] Tokyo stocks: [.T] HK stocks: [.HK] Sterling report: [GBP/] Dollar report: [USD/] * For company prices, click on – * Company
(Corrects attribution of quote in 10th paragraph, Potts notWinder) * FTSEurofirst 300 index up 0.4 pct
* Nikkei loses 3.1 pct but up 3.2 pct for week * Benchmark falls 9.8 pct for month, worst month since Oct
* Gold inches down on profit taking after 2 pct gain * ETF holdings hit new record above 843 tonnes
All data taken from Reuters calculated from the levels at 4:30p.m.(2130 GMT) in the previous New York session. Last US Close Pct YTD Pct 2008
(Adds comment, details) By Mette Fraende
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