Economy woes batter global stocks
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Persistent fears about the world economy battered global stocks again on Monday and drove investors towards safer assets despite expectations of more interest cuts from the Federal Reserve to bolster growth.
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Fear was back on global stock markets last week as investors worried about the financial and trade imbalances that have built up during years of strong growth for the world economy.
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European and US shares fall sharply as poor economic and corporate news adds to fears of a US recession.
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U.S. markets seesawed this morning after another day of declines on stock markets in Asia and Europe and ahead of an important round of new economic data scheduled to be released this week.
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Asian and European stock markets headed down again Wednesday after a broad global sell-off the day before that included a more than 3 percent drop in the Dow Jones industrial average and the loss worldwide of an estimated trillion dollars in equity.
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US stocks failed to emulate solid gains across global markets as investors focused on worries about tight conditions in the money markets.
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Wall Street stocks fell sharply on Friday after weak employment data raised fears that the US economy could tip into recession, capping a torrid start to 2008 for US equities.
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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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Worries about the world-leading U.S. economy and fears over bank credit rippled across financial markets on Monday, sending stocks sharply lower and dragging the dollar to a record low against the euro.
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Markets in Asia and Europe fell again today as investors dumped stocks that had surged in recent weeks.
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Business & money: Asian markets took a battering overnight on growing fears that the US, the world's biggest economy, may be heading for recession.
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European equity markets erased the gains made this year as the global sell-off continued with major stock indices falling sharply across Asia and the US.
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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 A lackluster report on US gross domestic product sent stocks lower Friday as Wall Street worried that a lack of jobs and high energy prices were holding back economic growth.
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U.S. stocks slipped on Thursday in the latest leg of a global equities sell-off as investors' diminishing appetite for risk drove them to safer assets like bonds.
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London equities tumbled on Wednesday after sharp losses on Wall Street and in Asia kept the focus firmly on the economy and the outlook for corporate earnings.
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Global share prices continue to fall sharply amid fears that a US recession will lead to a global economic slowdown.