Stocks fell around the world on Wednesday after reports of declining U.S.
retail sales and falling output in Europe dimmed hopes for a rapid economic
recovery, spurring demand for safe-haven assets like gold and government debt.
The U.S. dollar rallied against most major currencies after news of the
unexpected drop in U.S. retail sales in April reminded investors of the rocky
road to recovery for a global economy mired in its worst recession in decades.
Oil prices slid after earlier gains as the heavy losses on Wall Street
outweighed a government report showing a surprise drop in U.S. crude and
gasoline stockpiles.
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MARKET REPORTS:
> GLOBAL MARKETS-Global stocks slide on economic fears, gold up[ID:nN13413614]
> MONEY MARKETS-US 2-year swap spread near 2-year high [ID:nN13408713]
> EMERGING MARKETS-Profit taking after weak US economic data [ID:nN13622019]
> COMMODITIES-Oil eyes $60, metals firm [ID:nLD21347]
MAIN ECONOMIC AND FINANCIAL NEWS DRIVING GLOBAL MARKETS
> US regulators propose sweeping OTC derivatives crackdown [ID:nN13414280]
> US Treasury's Geithner says financial system starting to heal[ID:nN13442156]
> US retail sales fall in April, import prices rise [ID:nN13384420]
> MasterCard sees decline in US card use slowing [ID:nN13363942]
> US financial firms selling bonds without government backing [ID:nN13393941]
> Bank of England sees slower UK recovery, inflation in check [ID:nLD56256]
> Eurozone output plunges in in March, points to grim Q1 GDP [ID:nLD842143]
> EU fines Intel a billion euros for squeezing out rivals [ID:nLD471703]
> German government backs "bad" bank plan [ID:nLD52542]
> Writedowns weigh as ING, Allianz slash risks [ID:nLD661546]
> Russia central bank cuts rates again, rouble at 4-month high [ID:nLD75140]
ANALYSIS RELATED TO GLOBAL ECONOMIC CRISIS
> Derivatives crackdown a boon for exchanges, bane for dealers [ID:nN13429092]
> Wary Congress taking aim at Fed's regional structure [ID:nN12434554]
> US banks issue bonds, but government backing the key [ID:nN08503151]
> Big investors see sustained market recovery [ID:nLC722344]
> US interventions may ultimately raise costs for US companies [ID:nN08510738]
> Emerging market stocks rebound seems more than bear rally [ID:nLB156992]
> Getting money flowing after the stress test [ID:nN08493678]
> US banks race to issue debt but TARP exit still unclear [ID:nN08464037]
> Rising US Treasury yields may force Fed wallet open wider [ID:nN08501567]
> Stress test relief seen unlikely to spur lending [ID:n07620376]
> Sell in May and go away? Maybe not this year [ID:nN07401481]
FACTBOXES
> US regulators propose regulating OTC derivatives [ID:nN13627181]
> Summary of 19 US stress tested banks' capital plans [ID:nN11540406]
> Stress tested banks need combined $74.6 bln capital [ID:nWEQ000989]
> Full text ECB statement on rates, asset buying [ID:nECBTEXT]
> Facts and figures from Obama's budget [ID:nN06299995]
> Details of Chrysler bankruptcy, restructuring plan [ID:nN30323164]
> TEXT-G7 communique-April 24 [ID:nN24515491]
> World government actions to limit bank bad loan damage [ID:nLL193589]
> Major US financial regulation reform initiatives [ID:nN20382395]
> Where has all the US bailout money gone ? [ID:nN0289041]
> G20 summit final communique [ID:nL2577733]
> US Treasury details toxic asset plan [ID:nLN437165]
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