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World stocks head lower as slowdown fears grow
This article was posted on Jun 4, 2012 and is filed under Market News
The euro slid 0.3% to $1.2400, moving closer to the $1.2288 it hit on Friday, its lowest level since July 2010.
European shares joined a global sell-off in riskier assets on Monday after disappointing May economic data from the United States and China overwhelmed any positive impact from hopes the world’s central banks would ease policy further.
The euro slid 0.3% to $1.2400, moving closer to the $1.2288 it hit on Friday, its lowest level since July 2010, while Brent crude oil fell below $97 a barrel to a 16-month low. Safe haven U.S. and German government bond yields held near Friday’s record lows.
read more at Business-Standard
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