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The Global Financial Markets Are Selling Off

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SAM RO
Business Insider
June 20, 2013

Stocks, bonds, and commodities around the world are getting hit by a double-whammy.

First, Fed Chairman Ben Bernanke suggested that strengthening economic data could enable the Fed to start tapering, or gradually reducing, its stimulative bond-buying plan. This seemed to be behind a bond market sell-off.

Second, China reported that manufacturing activity was decelerating at a higher clip than expected in June.  China is the world’s second largest economy and it is also a key source of global economic growth. As such it is also one of the big consumers of commodities.

All of this slammed markets in Asia.

Full article here

This article was posted: Thursday, June 20, 2013 at 4:47 am





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