Paced by major oils, shares in Europe resume recent pullback

Date: Mon, 12 Jan 2009 12:03:10 -0500
Paced by major oils, shares in Europe resume recent pullback

European shares decline for a fourth straight session on Monday, as
worries over the world economy send shares of oil-sector companies
lower. Financials trade mixed.

HONG KONG, MUMBAI DRAG ON REGIONAL MARKETS

Asian shares were mostly a little lower Monday as investors looked for
Alcoa Inc. to kick off an expected rough earnings season later in the
U.S., with resource and airline stocks the main decliners.

ECONOMIC PREVIEW: AMERICAN CONSUMERS CRUSHED BY JOB LOSSES

With almost 2.6 million job losses last year, American consumers, once
seen as unflappable, have been pulling back.