Monday, December 1, 2014

Watchman News Global stocks drop after new signs of slower growth; yen, oil rebound

World stock markets fell on Monday as slowing factory activity in China and Europe added to worries about weaker global growth and Apple shares dropped, while the yen hit a seven-year low against the dollar before recovering.


Oil prices rebounded sharply after hitting five-year lows, lifted by data suggesting that tumbling prices may have started affecting drilling activity in the fast-growing U.S. shale oil industry. Gold posted its biggest daily gain in more than a year.


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