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After Steadying In Europe, Will Markets Have Better Day In U.S.?

Aug 11, 2011

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Reported by

Mark Memmott

Good morning.

Yesterday, we began with financial markets on the rise in Asia and Europe and ended with another dizzying drop on Wall Street.

Today, while Asian markets were mostly in decline during their trading day, European markets are rebounding. Will Wall Street also have a better day? The Wall Street Journal's MarketBeat blog says that "U.S. stock futures rose early Thursday, but trading remained very volatile after the previous session's plunge."

On Morning Edition, NPR's Chris Arnold reported about "some very successful investors [who] don't appear to be concerned" by the markets' wild gyrations. "They're out buying stocks while everybody else panics."

But as NPR's Tom Gjelten reports for our Newscast Desk, "each day brings a new focus of concern in Europe. Today it's France. The country still has a triple-A credit rating, but analysts see it as the next logical candidate for a downgrade" (as the U.S. was, by Standard & Poor's, last week).

Other stories making headlines include:

— "British Police Out In Force As Violence Subsides." (The Associated Press)

Related: Prime Minister David Cameron tells Parliament "we will not allow a culture of fear to exist on our streets. And we will do whatever it takes to restore law and order and to rebuild our communities."

— "Syria Defiant As Diplomatic Pressure Grows." (Al-Jazeera)

Related: "Like It Did For Beer, Syria Tries To Rebrand Its Government." (GlobalPost)

— "Energy Panel Wants Answers On Gas Fracking." (Morning Edition)

Related: "A key Energy Department advisory panel will issue a qualified endorsement of shale gas exploration Thursday, saying that hydraulic fracturing, or 'fracking,' can continue safely as long as companies disclose more about their practices and monitor their environmental impact." (The Washington Post)

— "Eight GOP Candidates On Final Lineup For Thursday's Debate In Iowa." (Des Moines Register)

Related: Debate to be broadcast and webcast by Fox News, starting at 8:45 p.m. ET. Expected to be on stage:

Rep. Michele Bachmann of Minnesota.

Business executive Herman Cain, of Georgia.

Former House Speaker Newt Gingrich, of Georgia.

Former Utah Gov. Jon Huntsman.

Rep. Ron Paul of Texas.

Former Minnesota Gov. Tim Pawlenty.

Former Massachusetts Gov. Mitt Romney.

Former Pennsylvania Sen. Rick Santorum.

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