Markets fall on debt fears

Steve Dinneen
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US STOCKS fell yesterday after strong German manufacturing data failed to restore investor confidence.

And the euro slid to a new four year low below $1.19, while gold prices rose to just $10 below their all-time high.

There is concern the US recovery is slowing, Europe’s economies are too indebted and even China’s boom may be topping out.

The Dow Jones industrial average ended down 115.48 points, or 1.16 per cent, at 9,816.49. The Standard & Poor’s 500 Index fell 14.41 points, or 1.35 per cent, at 1,050.47. The Nasdaq Composite Index dropped 45.27 points, or 2.04 pecent, at 2,173.90.

MSCI's all-country world stock index fell almost two per cent.?The FTSE 100 fell 1.1 per cent to 5069.06.