U.S. stocks fell yesterday, halting a global advance, and the euro weakened as reports that China may review investments in European govt bonds spurred concern the credit crisis will worsen. The DJIA lost 0.7%, dropping below 10,000 for the first time since Feb while the euro dropped to $1.2170, sinking toward the 4-year low of $1.2144 reached last wk. On the other hand, the Reuters/Jefferies CRB Index of commodities rose 1.6%.
Oil advanced 4%, the most since Sept, to $71.5 a barrel in New York after a U.S. government report showed gains in fuel consumption. Demand climbed 0.6% to 19.7m barrels a day in the week ended May 21, according to the US Energy Dept report.
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