Credit woes plaguing markets (26-03-2008)

The reading on consumer sentiment pushed shares down initially on Tuesday, but markets later rose somewhat to end mixed  

Asian markets were also mixed, as exporters were declining in Japan, while resource sensitive stocks gave support to Hong Kong and Australian markets. The dollar, which had managed to remain above 100 yen for a few short days, has declined below that level, settling at 99.45, while oil prices, which usually move in the opposite direction, edged up again. 

European stocks were mixed in early morning trading, failing to gather momentum after the previous session’s rally, as Deutsche Bank stated that the near-term outlook continues to be "very challenging" and that conditions will “adversely effect our ability to achieve our pretax profitability objective.” 

Back in the U.S., uneasiness reared its ugly head once more, as the possible collapse of the Clear Channel deal was attributed to credit issues and brought jitters back in the market. Futures were pointing downward at 8:30 GMT as investors were awaiting reports on durable goods and new home sales.

Source ISFM