U.S. stocks slid, pulling benchmark indexes down from records, with energy producers leading declines as oil dropped to the lowest level since 2009. Dow 17852.5 -106.3 -0.59% Dow Futures 17827.0 -24.0 -0.13% • Asian stocks fell, after U.S. shares dropped the most in almost seven weeks, as oil extended its decline and a stronger yen weighed on Japanese exporters. Hangseng 23848.0 -199.7 -0.83% Nikkie 17865.9 -69.8 -0.39% SGX Nifty 8452.5 -29.5 -0.35% • Chinas Central Economic Work Conference (CEWC) kicks off later today, an annual meeting of policymakers that sets economic priorities for the coming year. China advisers recommend 7% growth goal in 2015 as leaders meet. The annual Central Economic Work Conference, which state radio said meets from Tuesday, may reiterate a prudent monetary policy, but the sources believe the underlying tone could be accommodative to ward off a sharp growth slowdown. Economists expect policymakers to embark on their biggest easing campaign since the global financial crisis, forecasting a combination of more rate cuts and reductions in bank reserve requirements to encourage lending despite mounting bad loans
Posted on: Tue, 09 Dec 2014 06:16:31 +0000
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