Stock Markets to Eurozone: Darn it, You’re Ruining Everything
Filed under: Market News
That giant sucking sound you hear is money — lots of it — fleeing stock markets around the globe for the safe havens of the U.S., German, and U.K. sovereign bond markets. It’s fear talking — fear of intensifying crisis in the eurozone.
How bad is it? For the month of May, Japan’s Nikkei stock index was down 8.6%. Germany’s DAX lost a massive 13.5%. Britain’s FTSE plummeted 17.8%. Here in the U.S., the S&P 500 was down a relatively mild 6.7%, but that’s not much to cheer about.
This…
Stock Markets to Eurozone: Darn it, You’re Ruining Everything originally appeared on DailyFinance.com on 2012-06-01T16:33:00Z.
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