Tue, Oct 04, 2011 - Page 10 News List

Asian stocks plummet on Greece fears

UNCERTAINTY:Greece’s acknowledgement that it would miss its deficit targets set off a sell-off as investors dumped equities for safer assets on worries of a recession

AFP and AP, TOKYO and LONDON

Central banks in Europe will also feature, with both the European Central Bank and the Bank of England under pressure to do more to boost growth.

Though inflation in both the eurozone and Britain are running uncomfortably above target, investors will be looking to see if the bank reverses course and starts cutting rates, just two months after raising them, and if the Bank of England authorizes another monetary stimulus.

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