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In reply to the discussion: STOCK MARKET WATCH -- Monday, 12 November 2012 (Holiday -- US markets closed) [View all]xchrom
(108,903 posts)22. Global shares dip on U.S. fiscal cliff, Greece woes
http://www.reuters.com/article/2012/11/12/us-markets-global-idUSBRE88901C20121112
(Reuters) - World shares edged down for a fourth day on Monday as concerns about a potential U.S. fiscal crisis and Greece's bailout dented optimism over global growth.
Adding to the uncertainty, Japan reported that its economy shrank 0.9 percent in July-September from the previous quarter, pointing to a mild recession in the world's third-largest economy.
"Investors remain consumed by U.S. fiscal cliff consequences, and this is capping market enthusiasm," said Tim Waterer, senior trader at CMC Markets.
Since the U.S. elections, the investors have worried that the return of the status quo in Washington will make it difficult for lawmakers to reach the compromises needed to avoid a "fiscal cliff" at the end of the year when nearly $600 billion worth of spending cuts and tax increases kick in.
(Reuters) - World shares edged down for a fourth day on Monday as concerns about a potential U.S. fiscal crisis and Greece's bailout dented optimism over global growth.
Adding to the uncertainty, Japan reported that its economy shrank 0.9 percent in July-September from the previous quarter, pointing to a mild recession in the world's third-largest economy.
"Investors remain consumed by U.S. fiscal cliff consequences, and this is capping market enthusiasm," said Tim Waterer, senior trader at CMC Markets.
Since the U.S. elections, the investors have worried that the return of the status quo in Washington will make it difficult for lawmakers to reach the compromises needed to avoid a "fiscal cliff" at the end of the year when nearly $600 billion worth of spending cuts and tax increases kick in.
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