Stock Market News today December 13 2011

Stock Market News today December 13 2011 : Asian share markets dropped Tuesday amid fresh doubts about Europe's latest plan to contain the region's debt crisis, but several bourses came off their lows as many investors took to the sidelines ahead of the U.S. Federal Reserve rate-setting meeting later in the global day. Financial and exporter stocks were generally lower, while tech names also sold off after Intel Corp.'s profit warning on Monday.

Investor sentiment soured after ratings firms sharply criticised last week's European Union summit, underscoring rising skepticism that an accord struck by European leaders had done enough to contain the debt crisis. Fitch Ratings predicted a "significant" economic downturn in Europe and said that the sovereign-debt crisis was likely to continue throughout 2012, while Moody's Investors Service said the crisis remains in a "critical and volatile stage.

-- Market jitters over Europe's sovereign-debt crisis rise after ratings agencies criticize last week's European Union summit.
-- Technology stocks broadly lower following Intel's profit warning Monday
-- U.S. dollar continues to benefit from safe-haven flows, and hits a fresh all-time high against the Indian rupee

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