(Reuters) - LONDON, July 27 - Global financial markets
stabilised on Friday after robust corporate results soothed
credit fears which have triggered a broad and volatile sell-off
in stocks and other risky assets.
Earlier, world stocks hit a 6-week low while credit spreads
and emerging sovereign bond spreads burst wider as fears grew
that a U.S. housing fallout might trigger a global credit
crunch.
Read more at Reuters.com Economic News
stabilised on Friday after robust corporate results soothed
credit fears which have triggered a broad and volatile sell-off
in stocks and other risky assets.
Earlier, world stocks hit a 6-week low while credit spreads
and emerging sovereign bond spreads burst wider as fears grew
that a U.S. housing fallout might trigger a global credit
crunch.
Read more at Reuters.com Economic News
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