European Stocks Lower as Investors Book Profits

By: Associated Press Email
By: Associated Press Email

London (AP) European stock markets took no encouragement from their Asian counterparts today, moving lower in trading.

Investors, instead, cashed in on two days of robust gains and digested grim economic and corporate news. Relief that U.S. lawmakers are close to a rescue deal for carmakers limited losses and helped Asian shares close higher. The only exchange in the region showing a loss was New Zealand.

Markets in Britain, Germany and France are all lower today.

Wall Street futures pointed to gains when U.S. Markets open this morning.

Fears of a possible implosion of the U.S. Auto industry have weighed on stock markets in recent weeks.

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