...There are downside risks to the global economy on the whole. And the G20 meeting last weekend showed there is no panacea to lift the economy, said Hirokazu Kabeya, senior strategist at Daiwa Securities. The specter of a possible recession in Europe, a slowdown in China and sluggish growth in Japan have prompted investors to pull some of their money out of equities ahead of the earnings seasons in the U.S. and elsewhere. The U.S. Federal Reserve is expected to wind up its bond buying scheme later this month - another reason for investors to be cautious on stocks as the completion of the Feds two previous quantitative easing programs triggered a major correction in Wall Street shares. U.S. S&P 500 fell 1.7 percent on Monday to five-month low, posting its worst three-day slide since November 2011 while European shares hit a seven-month intraday low....
Posted on: Tue, 14 Oct 2014 04:33:07 +0000
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