Thursday, 15 January 2015

Volatile world stock markets swing higher led by China

GLOBAL WORRIES: Markets have been jittery so far this year as sharp drops in oil and metal prices raise doubts about the strength of the global economy. The World Bank also gave investors pause for thought, lowering its global growth forecast for this year to 3 percent from 3.4 percent; it blamed sluggish economies in Europe and Japan and a slowdown in China. Weak U.S. retail sales for December added to nerves about the economic outlook.

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