Global stocks fell again Wednesday after yet more downbeat economic figures and the surprising news that Germany failed to raise as much money as it was looking for in an auction of its supposedly top-rated debt, Boston.com reports.
Following figures Tuesday that showed the U.S. economy grew less than anticipated in the third quarter, the bad news has piled up for investors. With China's economy suffering a fall in manufacturing activity as well, there are clear signs that the eurozone economy is heading back into recession and that's knocked sentiment in stock markets again.
...The grim round of news came amid ongoing stresses in Europe's debt crisis and mounting speculation that the U.S. may see its credit rating downgraded again in the not-too-distant future following lawmakers' failure to agree on a deficit reduction plan...
Read more at http://www.boston.com/business/markets/articles/2011/11/23/world_stocks_hit_by_signs_of_slowdown_in_china_us/
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