World stocks fall on skepticism over US bank plan
By LOUISE WATT, Associated Press Writer Louise Watt, Associated Press Writer Wed Feb 11, 8:26 am ET
LONDON – World stock markets were lower Wednesday following a steep sell-off on Wall Street, as investors reacted with skepticism to the U.S. government's latest plan to rescue the ailing financial industry with as much as $2 trillion in funding.
In European afternoon trading, Britain's FTSE 100 was down 0.5 percent at 4,192.97, France's CAC 40 dropped 0.6 percent to 3,001.75, and Germany's DAX slipped 0.4 percent to 4,488.34.
U.S. stock futures pointed to a slightly higher start after markets plummeted the day before as investors were not reassured by the financial rescue. Dow futures were up 0.1 percent at 7,883 and Standard and Poor's futures were up 0.1 percent at 826.7.
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