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Norway's crown ticked higher as its central bank kept its interest rates at 2.75% as widely expected, but said they were likely to go up in March. On Wednesday, the S&P 500 had lost 1.6% after data showed U.S. manufacturing output had slumped last month and retail sales had fallen by the most in a year. ....
Asian stock markets struggled to make headway on Thursday, after weak U.S. consumer data stoked recession worries and nudged investors toward safe assets such as bonds, while Japan's yen rose as markets doubted the Bank of Japan's policy commitments. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2% and benchmark 10-year U.S. Treasury yields, which fall when prices rise, hit their lowest since September at 3.326%. ....
Recession angst triggers worst day of year for European stocks streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Stocks and oil slide on rekindled recession worries streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Stocks and oil prices dipped on Thursday after weak US consumer data rekindled global recession worries, while Japan’s yen reared up again as traders took fresh punts that the Bank of Japan will soon be tightening policy. ....