Stocks worldwide plunged the most since November, crude oil jumped and the dollar gained against the euro after protests in Egypt intensified and President Hosni Mubarak imposed a nationwide curfew. Egypt’s dollar bonds sank, pushing yields to a record high.
The MSCI World All-Country World Index of stocks in 45 countries lost 1.3 percent at 2:26 p.m. New York time. The Dow Jones Industrial Average fell 1.2 percent to 11,840.58, putting its longest weekly winning streak since 1995 in jeopardy. Oil futures increased 4.2 percent to $89.24. The dollar appreciated 0.9 percent to $1.3617. Yields on Egypt bonds due in 2020 surged 22 basis points to 6.51 percent and rose 86 points this week, the most since they were sold in April.
http://www.bloomberg.com/news/2011-01-28/asian-stocks-fall-for-first-time-in-five-days-on-japan-outlook-oil-slides.html
The MSCI World All-Country World Index of stocks in 45 countries lost 1.3 percent at 2:26 p.m. New York time. The Dow Jones Industrial Average fell 1.2 percent to 11,840.58, putting its longest weekly winning streak since 1995 in jeopardy. Oil futures increased 4.2 percent to $89.24. The dollar appreciated 0.9 percent to $1.3617. Yields on Egypt bonds due in 2020 surged 22 basis points to 6.51 percent and rose 86 points this week, the most since they were sold in April.
http://www.bloomberg.com/news/2011-01-28/asian-stocks-fall-for-first-time-in-five-days-on-japan-outlook-oil-slides.html
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