Stock exchanges across Europe paused for a moment of silence at 2:45 p.m. CET (8:45 a.m. EDT) in memory of those killed in the terrorist attacks.
Also, a number of European money managers today suspended trading in a large number of investment funds. WestAM and Citigroup Asset Management suspended trading of some of their Luxembourg-based funds. ABN AMRO also suspended trading in many of its funds listed in Luxembourg and Amsterdam. And Robeco suspended trading in a large number of its Luxembourg funds, saying in a statement that the closure of a number of stock markets made it impossible to determine "well-founded net asset value.”
Officials from the SEC, the Nasdaq and New York Stock Exchange were meeting this afternoon in New York to determine whether to reopen the stock markets Friday. Results of the meeting were unavailable at press time.
