HEADLINE: World markets dogged by recovery fears
CAPTION: World markets slumped Monday, as investors remained dogged by worries over the state of the global economic recovery. The euro managed to claw back ground despite the weekend arrest of the IMF chief. (16 May 2011)
Tokyo – 16 May 2011
1. Close-up of Tokyo stock exchange electronic trading board
2. Wide of trading board
3. Close-up of graph
4. Wide tilt down of Tokyo Stock Exchange trading floor
5. Various of traders
Hong Kong – 16 May 2011
6. Wide of Hong Kong Stock Exchange trading floor
7. Medium of electronic share price display board
8. Close-up of board
9. Wide of traders at desks
10. Close-up of trader talking on phone
11. Close-up of electronic display showing Hang Seng Index, in first half hour of afternoon session, down 290.62 points to 22985.65
12. SOUNDBITE (English) Martin Hennecke, Senior manager of Tyche Group:
“He was supposed to solve all the Europe crisis, debt problems in near future. So the eurozone, sovereign debt crisis, the US sovereign debt crisis are lingering risks out there that globally investors are concerned about.”
Athens – 16 May 2011
13. Newspapers on display in shop in Plaka district near Acropolis, all picturing IMF chief Dominique Strauss-Kahn on front
14. Close-up of picture of Dominique Strauss-Kahn holding his head with headline reading (Greek) “Dominique Strauss-Kahn’s Waterloo: A chamber maid drags Europe and the US through chaos”
15. Tilt down of newspapers with Dominique Strauss-Kahn on all front pages, with first headline reading (Greek) “Sex, loans, and collateral” and ending on headline reading (Greek) “The chamber maid resisted the IMF rapist”
Lisbon – 16 May 2011
16. Wide of monitors showing news of IMF chief Dominique Strauss-Khan’s arrest and stock market fluctuations (at offices of GoBulling, Banco Carregosa trading company)
17. Monitor showing video of Strauss-Kahn getting into car, pan right monitor showing wire reporting news of arrest
18. Wide of traders at work
19. Hands working with mouse and computer keyboard
20. Stock market indexes on monitors
21. Wire line running on monitor reading (English): “Euro zone finance ministers seen approving Portugal bailout with conditions”
World stock markets were sagging Monday. The drops follow a loss of momentum on Wall Street, sliding commodity prices and worries over Europe’s debt problems.
In Japan the Nikkei index was down 0.9 percent. Banking shares there incurred losses after chief cabinet secretary Yukio Edano suggested the company that runs the crippled Fukushima Dai-ichi nuclear plant will need help paying its debts.
In Hong Kong, the Hang Seng shed 1.4 percent to close under 23,000. South Korea’s Kospi lost ground, as did indexes in Australia, Singapore, Indonesia, mainland China and Taiwan.
Martin Hennecke, senior manager of the Tyche (tysh) group says the arrest of the International Monetary Fund chief for alleged sexual offenses HAS had an impact…
In Greece, the recipient of a 110 billion euro financial rescue last year, the legal troubles of Dominique Strauss-Kahn made all of the newspaper front pages, although the prevailing view seems to be that his arrest isn’t likely to alter discussions about whether the country will need more aid.
And investors also don’t seem to think his arrest will derail a 78 billion euro bailout of Portugal. The euro currency has rebounded from a six week low against the dollar, and although European stock indexes, including the PIS 20 in Lisbon, opened lower and were still down at midday, traders were saying that the bailout is on track and its impact has already been factored into the market.
VIDEO PRODUCER/VOICER: Karen Sloan
WIRE SOURCE: AP
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