Photo: Google Finance
Markets are tanking.Earlier this morning, we got a trio of disappointing U.S. economic data.
Weekly initial jobless claims came in at 386k. Economists were looking for 370k.
The Philly Fed Index sank to 8.5. Economists were looking for a reading of 12.0.
Existing home sales fell to 4.48 million. Economists were looking for 4.59 million.
But the U.S. sell-off is nothing like the European sell-off. Spanish and French markets fell by 2 per cent.
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