World Stocks Fall After Europe Debt Crisis Worsens

Business Heds Index, Seattle Post-Intelligencer: Business
Thu, 06/14/2012 - 3:28am

World stocks fall after Europe debt crisis worsens Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 02:35 a.m., Thursday, June 14, 2012 Investor sentiment was battered by developments Wednesday, when Italy's borrowing costs rose and Cyprus said it may seek an emergency bailout this week. Wall Street appeared headed for a choppy session, with futures swinging between gains and losses. Moody's, the credit ratings agency, downgraded Spain's government debt three notches late Wednesday, placing it one level above junk status. If political parties are elected that favor reneging on the program — considered by many Greeks to have imposed intolerable hardships — the country's international bailout and its membership in the 17-nation euro currency union would be at risk. Dickie Wong, executive director of research at Kingston Securities Ltd.

Topics: operation twist copyright updated june investor italy cyprus wall street moody's greeks dickie wong kingston securities ltd hong kong fed europe press bailout program wednesday

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World Stocks Fall After Europe Debt Crisis Worsens

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