Houston Community News >>
8/18/2011 MILAN — Global stocks slid again Friday as
fears of a possible U.S. recession combined with ongoing worries over
Europe's debt crisis, which is stoking acute fears over the continent's
banking sector.
European banking shares hit a near two and a half year low on renewed worries of the health of the continent's banks, while safe-haven gold prices nudged up against the $2,000 an ounce mark, and crude prices fell as investors feared a global slowdown will zap demand for crude.
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European banking shares hit a near two and a half year low on renewed worries of the health of the continent's banks, while safe-haven gold prices nudged up against the $2,000 an ounce mark, and crude prices fell as investors feared a global slowdown will zap demand for crude.
Read More
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