European Stocks Fall on Anti-Crisis MeasuresQBy Sarah Jones -...

European Stocks Fall on Anti-Crisis Measures
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By Sarah Jones - Dec 9, 2011 5:03 PM GMT+0800


European stocks advanced as the region’s leaders convened in Brussels for a second day to tackle the debt crisis. U.S. index futures rose, while Asian shares fell.
Carmakers and insurance companies gained, while health-care and food companies declined.
The Stoxx Europe 600 Index added 0.5 percent to 238.79 at 9:02 a.m. in London, having earlier dropped as much as 0.9 percent. The December contract on the Standard & Poor’s 500 Index (SPX) rose 0.5 percent, while the MSCI Asia Pacific Index retreated 2.1 percent.
European leaders at the two-day summit in Brussels added 200 billion euros ($267 billion) to their crisis-fighting war chest and tightened anti-deficit rules, seeking to lure the ECB into stepping up its rescue operations.

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Seriously? this is a report from Bloomberg, you just have to laugh.