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The Global Financial Markets Are Selling Off

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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.

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

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