New Developments Abroad: Equity Markets Tumble
August 19, 2008
Many bourses have suffered losses of at least 1%. Japanese Nikkei -2.3%. Australia -2.4%. South Korea -1.7%. Indonesia -2.1%. Germany -1.2%. France -1.4%. And Britain -1.0%. The yen firmed 0.4% against the dollar, as the BOJ signaled that a rate cut is doubtful despite recessionary conditions now. The U.S. currency otherwise advanced by 0.7% against the [...]
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