| 10.10.2008 | 14:00 UTC
New York Stock Exchange opens with more losses
There's still no end in sight to the carnage on the world's stock markets. Shares in the United States are down sharply just minutes after Wall St. opened for the last trading day of the week. European stock markets have also had another rough day, suffering heavy losses. Frankfurt's DAX index has plunged by almost 10 percent, as has the CAC 40 in Paris. In London, the FTSE 100 hasn't done much better, it's lost around nine percent of its value. And trading has been suspended in South America's biggest stock market, Sao Paulo after it lost more than 10 percent. Meanwhile, US President George W. Bush is expected to make another statement about the crisis in the credit markets that has sparked this global sell-off. The $700-billion bailout of major US banks that Bush signed into law one week ago has done nothing to halt the slide on Wall St.
