Securities Industry Germany

Japanese stocks fell Monday, hit by continuing fears that the yen's strength against the dollar may hold, driving down futures. But the market partially recovered later in the day. In Germany, yields fell on expectations of an interest rate cut. Most markets worldwide traded thinly due to holidays in the United States and Britain. The 225-share Nikkei average lost 120.22 points, or 0.77%, to close at 15,574.03. It had been down more than 200 points in early trading.

Nasdaq and Germany's Deutsche Borse are planning a pan-European electronic stock market to take on London as Europe's major financial center, the Sunday Business newspaper said. The British capital is already under pressure from European exchanges, which have recently won futures market contracts that once routinely were traded in Britain.

Nasdaq and Germany's Deutsche Borse are planning a pan-European electronic stock market to take on London as Europe's major financial center, the Sunday Business newspaper said. The British capital is already under pressure from European exchanges, which have recently won futures market contracts that once routinely were traded in Britain.

Japanese stocks fell Monday, hit by continuing fears that the yen's strength against the dollar may hold, driving down futures. But the market partially recovered later in the day. In Germany, yields fell on expectations of an interest rate cut. Most markets worldwide traded thinly due to holidays in the United States and Britain. The 225-share Nikkei average lost 120.22 points, or 0.77%, to close at 15,574.03. It had been down more than 200 points in early trading.