RelativeResourceManager3 - Europe Signals Global Gloom -...

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Find a copy Abstract (summary) Full Text Back to document Blackstone, Brian; Stevens, Laura. Wall Street Journal [New York, N.Y] 06 Sep 2011: .1. URL to local SFX server: Journal&issn=0099-9660&date=2011-09-06&volume=1&issue=&spage=A.1&au=Blackstone, Brian;Stevens, Laura URL to local ILLiad server: Journal&issn=0099-9660&date=2011-09-06&volume=1&issue=&spage=A.1&aulast=Blackstone, Brian;Stevens, Laura A report Friday that the U.S. posted no job growth in August was a watershed, Mr. Peruzzo said, "a turning point" showing that economic risks are turning negative. [. ..] recently, the global economy appeared on track for a solid, if unspectacular, recovery,… FRANKFURT -- International financial markets tumbled as a darkening global economic outlook and deepening fissures in Europe over its debt crisis fueled fears the world economy could slip into a period of prolonged malaise. The Stoxx Europe 600 index fell 4.1% Monday, with banks hard hit. The euro slid below $1.42, its lowest in a month. The declines followed a slide in Asia, where stock indexes in China and Japan dropped by about 2% Monday. On Tuesday morning Asian markets again moved lower, with Japan shares falling 1.2% by late morning. During early Asian trading the 10-year U.S. Treasury yields hit as low as 1.911%, the lowest level in at least five decades, according to traders. U.S. markets, which were hit on Friday by a dismal job market report, were closed for Labor Day. Monday's rout is a sign investors increasingly worry that a mix of slow economic growth and high public debt will tip the global economy back into a recession. "There is clearly a recognition that the debt crisis started in Europe, but the story is similar across the Western
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RelativeResourceManager3 - Europe Signals Global Gloom -...

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