Futures drop as Citi rekindles credit fears (Reuters)

By Pete Southern in Uncategorized | November 5, 2007 15:00 |

Futures drop as Citi rekindles credit fears (Reuters)

The floor of the New York Stock Exchange, November 1, 2007. (Shannon Stapleton/Reuters)Reuters – Stock futures slid on Monday as concerns about banks’ mounting credit losses swept global equities lower after Citigroup Inc said it may have to write off $11 billion for loan losses and that Chief Executive Charles Prince had quit.



Source: news.yahoo.com

Pete Southern About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.



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