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Europe shares up after sell-off
australia's financial markets rallied after the country's central bank cut its official interest rates from 7% to 6% .
france's cac-40 ind ,which lost more than 9% in the previous sharession, added 51 points to 3,764 while germany's dax-30 gained 1.8% to 5,437 .
the markets moves came amid developments including: the british chamber of commerce saying that the uk was already in recession uk economy 'already in recession' the bbc's business editor robert peston learning that a trio of leading uk banks had met with chancellor alistair darling and told him they were disappointed he had not presented a fully elaborated banking rescue plan australia's central bank trimming interest rates from 7% to 6% - despite inflation being well ahead of government targets australia slashes interest rates a report saying that moscow's two main stock exchanges were to remain closed on tuesday morning .
Generated 2008-10-9_8:6
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