Saturday, March 2, 2013

Equities are Lower as Disappointing Data From China and Europe Spark ‘Risk’ Asset Selling

Some worries, Poor Europe and China data hit stocks, Equities are lower as disappointing data from China and Europe spark 'risk' asset selling, and the pound stumbles as UK manufacturing contracts

News from Wall Street, US stocks fall as global data disappoint, US equity markets start March on a sour note, with the main indices set to record a second straight week of losses

Pound Sterling tumbles on triple-dip fears, Currency hits a two-and-a-half-year low against the dollar after factory data indicate a worse than expected outlook for British manufacturing

Company news, Co-op risks indigestion in Project Verde, The Co-op is learning that it may not have a Lloyds sales bargain after all – the business needs capital backing and it can't tap its owners

Meanwhile, Taxpayers' banks fall as FTSE 100 fades, Lloyds hit as mis-selling provisions rise and RBS falls further after numbers from the part-nationalised banks fail to boost investors' confidence

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