Friday, February 22, 2008

US recession fears pin down stocks

LONDON - Worries that the world’s biggest economy may be deteriorating more rapidly than expected sent stocks from Sydney to London lower on Friday, and kept the dollar pinned at two-week lows versus a basket of currencies.


The All Share on the JSE is down 0.79% to 29942.060. Nothing major but a bit of sanity returning to the markets. 27 000 seems a more salient level though.

More: Manuel blames ‘speculation’ for rand’s wobble

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