(Reuters) - Investors worry housing troubles will dampen corporate
activity further, retrench consumer spending and hit the world's
largest economy -- which in turn could affect Asia and Europe
which are enjoying robust growth.
Recent deterioration in credit markets from the fallout in
high-risk U.S. subprime mortgages means firms are facing higher
financing costs. This could dry up the stream of M&A deals which
have fuelled world stocks to lifetime peaks only last week.
Read more at Reuters.com Economic News
activity further, retrench consumer spending and hit the world's
largest economy -- which in turn could affect Asia and Europe
which are enjoying robust growth.
Recent deterioration in credit markets from the fallout in
high-risk U.S. subprime mortgages means firms are facing higher
financing costs. This could dry up the stream of M&A deals which
have fuelled world stocks to lifetime peaks only last week.
Read more at Reuters.com Economic News
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