FrankRep
01-11-2008, 03:58 PM
Global Markets - Recession worries slam global stock markets
Reuters
Jan 11, 2008
NEW YORK, Jan 11 (Reuters) - World stock markets fell sharply on Friday, as concerns of more fallout from the subprime mortgage crisis and signs of a slowdown in consumer spending stoked investor fears of a U.S. recession.
Meanwhile, U.S. government bonds rose on the concerns about the economy and increasing expectations of a steep interest rate cut by the Federal Reserve later this month.
Recession worries also sent the price of oil lower, while spot gold prices surged to a record high just shy of $900 an ounce amid rate cut expectations.
Full Story:
http://www.reuters.com/article/marketsNews/idINN1128268920080111?rpc=44
Reuters
Jan 11, 2008
NEW YORK, Jan 11 (Reuters) - World stock markets fell sharply on Friday, as concerns of more fallout from the subprime mortgage crisis and signs of a slowdown in consumer spending stoked investor fears of a U.S. recession.
Meanwhile, U.S. government bonds rose on the concerns about the economy and increasing expectations of a steep interest rate cut by the Federal Reserve later this month.
Recession worries also sent the price of oil lower, while spot gold prices surged to a record high just shy of $900 an ounce amid rate cut expectations.
Full Story:
http://www.reuters.com/article/marketsNews/idINN1128268920080111?rpc=44