Dow retreats on Euro aid package doubts

News of a €750bn EU/IMF rescue package to prop up the euro sent the Dow climbing to a 14-month high yesterday and the FTSE also make impressive gains. But doubts about the effectiveness of the rescue package combined with rising inflation figures from China dampened investor confidence and sent the Dow 68 points into negative territory at the start of trading. Banking stocks are among the morning's losers, with JP Morgan Chase down 1.60% and Bank of America down 1.33%. By 15.00 GMT, the index had regained some ground and was down 0.49% to 10732. Meanwhile, the FTSE continued its...