Roberto Abraham Scaruffi: Global markets shudder after new worries about U.S. financial institutions

Tuesday, 8 July 2008

Global markets shudder after new worries about U.S. financial institutions

Global markets shudder after new worries about U.S. financial institutions
By CHARLES DUHIGG AND DAVID JOLLY
Shares fell in Asia and Europe on Tuesday after Fannie Mae and Freddie Mac came under selling pressure, reflecting a growing conviction among investors that the U.S. housing slump will last longer, and prove more severe, than initially feared.