In addition to the overall market decline, we've seen a bunch of other ugly details this morning.
So we thought we'd just do a bad news roundup.
- The spread between Spanish and German yields has hit a brand new record.
- Copper, which is supposedly a great barometer of the global economy, is down 2.5%.
- Despite that RRR cut, Citi has cut its China GDP forecast.
- The Shanghai market fell 0.6% last night.
- Spanish bank borrowing from the ECB has hit a new record.
- The Aussie dollar has fallen below parity against the US dollar.
- Oil has dropped below $95/barrel.
And yes, that's on top of overall market carnage.
UPDATE: And it gets worse! Eurozone industrial production missed big time >
Please follow Money Game on Twitter and Facebook.
Join the conversation about this story »
Source: http://feedproxy.google.com/~r/TheMoneyGame/~3/Av2PCfdUkGg/bad-news-roundup-may-14-2012-5
Personal Finance News & Advice Guide To Financial Fitness Money Game Tech Crunch
No comments:
Post a Comment