CAPITAL MARKETS

Eurozone contraction fears weigh on markets

WHILE commodities rallied overnight, increased investor sentiment created by hopes the US Federal Reserve would act to boost the economy were soon overshadowed by data showing output from the eurozone’s manufacturing and service sectors continued to decline.

Lauren Barrett

After rallying mid-week, Wall Street lost ground as concerns about the state of the eurozone became the forefront of concerns. The Dow Jones Industrial Average dropped 0.9% or 115.3 points to 13057.46...

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