World stocks routed on fears for economy
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World stocks nosedived and demand for safe-haven bonds and currencies soared on Monday as fears gripped investors that a deteriorating U.S. economy would drag others down with it.
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Asian markets plunged Wednesday after a steep drop on Wall Street overnight fanned investors' fears the U.S. economy was sliding into a recession
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Stocks tumbled on Tuesday after a weaker-than-expected economic report and a sharp fall in China's main stock index unnerved investors after two consecutive days of Wall Street losses.
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U.S. stocks slid on Monday as a worldwide flight from riskier assets moved into a second week, fed in part by heightened concerns about the flagging health of the subprime mortgage market.
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Volatile trading dogged world stock markets on Friday ahead of a key announcement from US President George W. Bush aimed at stimulating the battered US economy.
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Global stock markets fall again following Wall Street's lead on worries about the state of some of the banks.
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NEW YORK -- Stocks pulled back sharply and bonds jumped Friday as rising oil prices and lackluster profit reports stirred concerns about the ability of the economy to continue to push ahead.
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Global stocks tumbled on Wednesday as fears about the impact of U.S. home owners falling behind with mortgage payments hit financial shares, prompting money to flow into safe-haven government bonds.
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Stocks tumbled across Asia as panicky investors feared a U.S. recession could derail global economic growth, and a sharp drop in U.S. stock index futures pointed to heavy selling in New York later on Tuesday.
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World stocks made small gains and currency markets traded in a narrow range on Monday as many investors avoided taking strong positions during the U.S. Labor Day holiday with its accompanying lack of key economic news.
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Worries about the global economy rattled stock markets around the world this week, paring billions from the value of investorsâ holdings.
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European and Asian stock markets took another beating Wednesday, although losses in Europe were not as steep as the previous day, on lingering fears that a US recession could have far-reaching global implications.
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Business & money: Shares in London fall sharply following a plunge in Asia overnight amid growing fears over US economy
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Global stock markets suffered a fresh bout of turbulence on Monday as concerns about a slowdown in the US economy and the fallout from the credit squeeze continued to unnerve investors.
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Investors looked ahead to U.S. reports on housing and producer prices on Friday for guidance on the state of the world's leading economy after a raft of soft data, while red-hot equities cooled a bit in both Europe and Asia.
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Stocks looked set to sink at the open on Monday as a reduced appetite for riskier assets hit overseas equities overnight, partly reflecting worries about the global economy.
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World stock markets cranked back into gear on Tuesday, recovering some of their recent heavy losses as investors pinned their hopes on another US interest rate cut.