Word: wednesday
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...Following their short-lived surge earlier this week, world stock markets on Thursday took a seriously bearish stance, drawing markets that had already slumped Wednesday further down. Tokyo's Nikkei lost more than 11% - virtually wiping out its stunning spurt earlier in the week - and bourses elsewhere in Asia and across Europe experienced steep falls. What is inspiring traders to dump stocks in droves is a darkening economic outlook that continues to destabilize markets...
...detailed in trillion-dollar-terms Monday. But the confidence those measures inspired in global markets has given way to more classic concerns among traders of a looming economic downturn - or quite probably recession - undermining the business activity and results of traded companies. That souring of spirits was evidenced Wednesday with indices sliding across Asia and Europe, and Wall Street following suit with...
...Those declines followed a trickle of new data suggesting a slowing of U.S. economic activity, and follow-through damage inflicted by the global financial crisis. Statistics released Wednesday showed American retail sales were off 1.2% in September - almost double the expected decline. That added weight to other indicators suggesting U.S. consumer spending - which represents nearly 70% of American economic activity - is declining due to fears over economic turmoil and job security...
...That, of course, is bad news for the U.S., but it also means the one-two punch of the financial crisis and possible recession could mete out pain around the globe. "Stabilization of the financial markets is a critical first step," said U.S. Fed Chairman Ben Bernanke Wednesday. "But even if they stabilize as we hope they will, broader economic recovery will not happen right away...
...whistling during the anthem was a form of protest, the perpetrators would have awoken disappointed on Wednesday, as they found themselves subjected to a torrent of outrage. "Those who want to [jeer] a national anthem should be banned from the matches they've come to watch," scolded French Prime Minister François Fillon...