U.S. stock prices continued to suffer the fallout of the Federal Reserve announcement which signaled their hesitancy to provide major new economic stimulus. Weak economic indicators from the U.S., China and Europe raised concerns over the world economy. In Europe, investors were kept on edge in anticipation of the audit of Spain’s troubled banks; the assessment showed that the nation’s banks may need between EUR51.8 billion and EUR62 billion ($65.7 billion and $78.7 billion) to recapitalize. Read more
Forex