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Market Update : 
Barnes & Noble Drops 10%
Author: 123jump.com Staff
123jump.com
Last Update: 3:32 PM EST March 05 2007

(Continued)

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Sharp and continued sell-offs in Asia and Europe, as well as lingering worries about the end of the yen carry trade and the health of the sub-prime mortgage industry, continued to weigh on the markets. Averages in the New York are trading side ways with a negative bias. Service industry index in February grew at the slowest level in four years.

 
Currencies

The euro dropped against the dollar on Monday, while the U.S. currency hit a three-month low against the Japanese yen as global stock markets remained nervous following last week sell-off. In morning European trading the euro bought $1.3129, down from $1.3191 late Friday in New York. The British pound fell to $1.9225 from $1.9433 in New York, while the dollar slipped to purchase 115.36 Japanese yen, down from 116.75 on Friday.
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