Archive for May 18th, 2009


Monday Developments

May 18, 2009

Markets exhibited a better tone on Monday.  Stocks had experienced their worst weekly performance since early March, as risk aversion was buoyed by several worse-than-forecast economic indicators culminating Friday in Euroland first-quarter growth figures.  Real GDP fell last quarter at a seasonally adjusted annual rate of 14.4% in Germany, 9.4% in Italy, and 9.8% in […] More