Investors opt for safer assets

January 28, 2008

Markets are betting that the U.S. Federal Reserve will cut interest rates by as much as 50 basis points after the two-day policy meeting ending on Wednesday, following last week's hefty 75-basis-point cut in a rare move between scheduled meetings. But that did little to buoy sentiment in Europe and Asia. Matt Cowan reports.* Home data weighs* Asian stocks give up gains* Societe Generale plagues financial stocks* Get educated...at McDonalds!