Asian Shares Rebound But Keeping Eyes on Dubai.

[elleng]

Source: nyt/reuters

Asian stocks recovered after last week's steep sell-off over the Dubai debt crisis on growing speculation the fallout from a potential default will be limited, while assurances from various authorities also helped calm nerves.

European stock index futures pointed to a higher open, futures for the Eurostoxx 50, German DAX and French CAC gaining 0.3-0.4 percent.

Banking shares, which bore the brunt of the selling on Friday on worries about banks' exposure to Dubai World and property group Nakheel, were at the forefront of Monday's rebound in Asia.



Read more: http://www.nytimes.com/reuters/2009/11/30/business/business-us-markets-global.html