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Asia stocks slip as oil hovers near record (Reuters)

Started by riky, July 04, 2008, 09:42:59 AM

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riky

Asia stocks slip as oil hovers near record
    (Reuters)

 


<p>You are not allowed to view links. Register or LoginReuters - Asian stocks slipped on Friday as
record high crude oil prices threatened to jeopardize earnings
and curb consumer spending, with the uncertain economic outlook
following U.S. jobs data boosting safe-haven government bonds.
This week has been punctuated by stagflation fears and
deteriorating sentiment after the Dow Jones industrial average
slipped into a bear market this week, down more than 20 percent
from October highs, joining Asia markets and pushing investors
into safety-first mode.</p><br clear="all"/>


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