- Stimulus tapering, slowing in China spark world sell-off
A clear signal from the US Federal Reserve that it will soon stop pumping money into the economy, along with data pointing to slowing Chinese growth, prompts a sharp drop in stocks, bonds and commodities.
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- End to Fed stimulus, China slowdown spark world sell-off6:56 AM ET | Reuters
- Stock futures fall in wake of Fed's stimulus wind-down outline8:20 AM ET | Reuters
- China, euro zone threaten U.S.-led economic recovery6:26 AM ET | Reuters
- UK's new watchdog tells banks to raise another $20.4 billion7:23 AM ET | Reuters
- Ex-UBS, Citi trader Hayes in UK court on Libor charges8:07 AM ET | Reuters
- Exclusive: Airbus offers 'regional' A350 - sales chief8:23 AM ET | Reuters
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U.S. equity futures trade sharply lower amid cautious overseas action after yesterday's comments from Federal Reserve Chairman Ben Bernanke were interpreted as a hawkish warning of an impending modification to the Fed's asset purchase program. The Fed Chairman's statement was coupled with a caveat, saying the economy must continue showing improvement before modifications can be made, but it appears ... More
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