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Fri, Sep 14, 2001 - Page 21 News List

Some markets in US set to resume trading business

BACK TO BUSINESS After a two-day halt, bond trading began yesterday, and stock trading may be set to begin tomorrow

BLOOMBERG , NEW YORK

"We have to stay on the job," Chief Executive Larry Ellison said. "We cannot let these terrorists shut us down. Not the US, not Oracle."

The last time that US stock trading was suspended for more than one session occurred in March 1933, when President Franklin Delano Roosevelt called for a nationwide bank holiday. The NYSE halted trading for 10 days, according to its Web site. Trading also stopped for more than four months after World War I erupted in 1914, according to the exchange.

European exchanges were open today, and some observed one minute of silence at 8:45am New York time to commemorate the attack's victims.

The FTSE 100 in London gained 2.9 percent, the German DAX rose 1.4 percent and the CAC-40 in Paris added 1.3 percent. Each benchmark index lost at least 5 percent yesterday.

Earlier, Asian stocks tumbled, especially shares of companies most dependent on US sales.

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