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Market Update : 
Berlusconi Returns, Banks Fall Again
Author: 123jump.com Staff
123jump.com
Last Update: 5:11 PM EDT April 14 2008

European markets fell across the region on new worries related to the banking sector. Wachovia Corp, the fourth largest bank in the U.S., reported $2 billion in asset write down and forced to raise $7 billion. Banks in Germany, France, and UK fell. Royal Philips reported earnings of 219 million euros, lower than expectations. Volkswagen first quarter sales increased 7% on sharp rise in sales in China and Brazil. Berlusconi leads in the race to be the next Prime Minister.

 

 

 
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