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Shares sink on global economic worries; oil falls

From reuters.com

Global stocks fell for a seventh day on Thursday after data showed the euro zone entered a recession in the third quarter and on fear of the U.S. "fiscal cliff," while oil prices declined despite a flare-up of violence in the Gaza Strip. The disappointing economic data overshadowed the news of a second day of fighting in the Gaza Strip, which sparked worries of an escalation that could ultimately disrupt oil supplies. A Hamas rocket killed three Israelis north of the Gaza Strip, drawing the first blood from Israel, as the Palestinian death toll rose to 15 in a military showdown lurching closer to all-out war and a ... (full story)

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  • Category: Breaking News