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Inflation & Interest Rate Worries Drive Down Asian & European Stocks
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http://enews.voanews.com/t?ctl=129AAD0:2AB91D3 Stocks in Japan
and India fell more than four percent at close, European stocks about
two percent down Stock and commodity prices fell sharply in Asia and
Europe Tuesday as investors worried that rising inflation and interest
rates might cause a global economic slowdown.

Stocks in Japan and India fell more than four percent at the close,
European stocks finished about two percent down, but U.S. stocks were
little changed in mid-day trading.

Investors are worried that signs of inflation will prompt the U.S. and
other central banks to continue raising interest rates, which could
hurt corporate profits.

Prices for crude oil and gold also fell.

Some information for this report was provided by AP.


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