World equity markets fell heavily again on Tuesday on scepticism that a dramatic US government rescue of the two mortgage giants had put a stop to a financial crisis, dealers said.
European equities sank lower after more steep losses on Wall Street and earlier in Asia, despite a US rescue on Sunday to increase credit lines for Fannie Mae and Freddie Mac, and amid the failure of IndyMac bank in California. "Given the ongoing turmoil -- and let's not forget IndyMac, the third largest bank failure in US history -- the ability of Chairman Bernanke to 'talk up' the dollar will be very limited today (Tuesday)," Halpenny added.
