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World stocks post worst quarter in 3 years

Posted By admin On October 1, 2011 @ 4:30 am In Money Watch | Comments Disabled

Rodrigo Campos
Reuters [1]
Oct 1, 2011

Global stocks closed their worst quarter in nearly three years on Friday on nagging concerns about the world economy and the lack of a credible solution to Europe’s debt crisis.

The euro and most commodity prices also fell as investors’ search for safety drove up U.S. government bonds and the dollar.

Adding to a string of global data that has crushed growth-related assets in the past three months, China’s manufacturing sector contracted for a third straight month in September while German retail sales slid at their sharpest pace in more than four years.

An unexpected rise in euro-zone inflation for September also moderated talk that the European Central Bank would cut interest rates. Still, the euro fell sharply to close its worst quarter against the U.S. dollar since mid 2010.

Full article here [1]


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URLs in this post:

[1] Reuters: http://www.reuters.com/article/2011/10/01/us-markets-global-idUSTRE77L0AE20111001

[2] Shares tumble across globe as figures reveal U.S. economy shrank 6% in last quarter – the fastest rate in 25 years: http://www.prisonplanet.com/shares-tumble-across-globe-as-figures-reveal-us-economy-shrank-6-in-last-quarter-the-fastest-rate-in-25-years.html

[3] U.S. Stocks Drop, Dow Average Posts Worst 2-Day Loss Since ’87: http://www.prisonplanet.com/us-stocks-drop-dow-average-posts-worst-2-day-loss-since-87.html

[4] US Housing Just Had Its Worst Quarter Since 2008, As Foreclosures Surge Again: http://www.prisonplanet.com/us-housing-just-had-its-worst-quarter-since-2008-as-foreclosures-surge-again.html

[5] ‘Worst financial crisis in human history’: Bank boss’s warning as pound suffers biggest fall for 37 years: http://www.prisonplanet.com/worst-financial-crisis-in-human-history-bank-bosss-warning-as-pound-suffers-biggest-fall-for-37-years.html

[6] World growth ‘worst for 60 years’: http://www.prisonplanet.com/world-growth-worst-for-60-years.html

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