Archive for October 8th, 2012

New Overnight Developments Abroad - Daily Update

Stocks Fall Following One-Week Closure of Chinese Markets

October 8, 2012

China’s whole-week National holiday is over, but markets are closed today in the United States for Columbus Day, Canada for Thanksgiving, and Japan for Health-Sports Day. The World Bank downgraded projected Chinese GDP growth in 2012 and 2013 by a half-percentage point each to 7.7% and 8.1%, respectively.  Other Asian growth forecasts have also been […] More