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Foreign Markets Open Lower

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Foreign Markets Open Lower

Economy

Foreign Markets Open Lower

Foreign Markets Open Lower

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Asian markets tumbled Monday and European markets are also down in trading. The losses suggest that last week's big cut in interest rates by the U.S. Federal Reserve wasn't enough to calm uncertainty about the U.S. economy.

STEVE INSKEEP, host:

NPR's business news starts with global markets still jittery about the U.S. economy.

Asian markets tumbled today and European markets are also down. It seems the big cut in interest rates by the U.S. Federal Reserve is not enough to calm uncertainty about the U.S. economy. In China, the main stock index fell more than 7 percent; leading indices in Japan and Hong Kong both fell about 4 percent.

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