Stocks Extend Losses on Concern Over Europe Bank Capital to Weather Crisis
Dec. 8 (Bloomberg) -- Scott Wren, senior equity strategist at Wells Fargo Advisors, talks about the outlook for global markets and financial stocks. Wren speaks with Betty Liu and Dominic Chu, on Bloomberg Television's "In the Loop." (Source: Bloomberg)
Dec. 9 (Bloomberg) -- Komal Sri-Kumar, chief global strategist at Los Angeles-based TCW Group Inc., talks about his expectations for the European leaders' summit and the impact of the region's debt crisis on global financial markets. Sri-Kumar speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)
U.S. stocks extended losses after the European Banking Authority said the region’s banks will need to raise 114.7 billion euros ($152.7 billion) in fresh capital to weather the sovereign debt crisis.
The Standard & Poor’s 500 Index lost 1 percent to 1,248.59 at 11:03 a.m. in New York.
To contact the editor responsible for this story: Michael P. Regan at mregan12@bloomberg.net
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