Tuesday, February 4, 2014

World Shares Dip as US slowdown joins emerging-market Gloom

World Shares, world economy, finance, world finance

World shares sink to almost a four-month low last Tuesday as signs of a downturn in economy of the United States worsen the jitters caused by a sell-off in emerging markets.

A statistics that shows a weaker U.S. factory activity than they have expected had

A report showing U.S. factory activity was weaker than expected had provoked both the dollar and global equities to slump on Monday. European investors remained anxious on Tuesday after another session of sustained selling in Asia.

Futures prices gained a 0.3% rebound for Wall Street later, but a mid-morning attempt at a stabilization failed in Europe. The benchmark FTSEurofirst index .FTEU3 fell 0.4% and headed for a third day of declines. And Europe looked almost rosy compared with Asia.

Tokyo's Nikkei .N225 dropped by 4% in its worst day since June, cementing its position as the worst performer in developed markets in 2014. MSCI's emerging-market index .MSCIEF plunge 1.4%, accumulating since late October at almost 12%.

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