Thursday, December 8, 2011

Asian shares, euro drift lower as EU summit jitters weigh

Asian shares and the euro drifted down on Thursday as investors fretted over whether European leaders can agree a plan to tackle the euro zone's two-year-old debt crisis at a make-or-break summit this week.
A report that the G20 was preparing a $600 billion lending facility for the International Monetary Fund to help Europe gave a late lift to U.S. stocks and briefly boosted the euro, but the effect faded after it was denied by G20 and IMF officials.
With big set-piece events looming -- the European Central Bank's final monetary policy meeting of the year on Thursday and the EU summit on Friday -- investors were unwilling to commit new funds. Riskier assets such as commodities lost ground.

Dow Jones Industrial Average

 (DJI: ^DJI )
Index Value:12,196.37
Trade Time:4:03PM EST
Change:Up 46.24 (0.38%)
Prev Close:12,150.13
Day's Range:12,060.37 -12,257.67
52wk Range:10,362.30 -12,928.50

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