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Stocks Slide as Global Growth Angst Deepens; Treasuries Climb
It’s a new month, and the same story. Stocks fell around the world and the yen gained with gold as the slowdown in China showed no sign of abating. Asian shares started a global selloff after a gauge of Chinese manufacturing fell to a three-year low. European stocks followed after data pointed to weaker growth in the region, while futures on the Standard & Poor’s 500 Index futures signaled the slump will spread into the U.S. Treasuries climbed on haven demand while oil pulled back after a three-day rally sent it into a bull market. The yen strengthened the most among major currencies with its biggest gain ... (full story)
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