LONDON (Reuters) – World stocks touched a 12-week low on Monday as Chinese data highlighted concerns about weaker global growth, prompting investors to unwind positions in higher-risk assets and buy top-rated government bonds.
The euro hit a record low against the safe-haven Swiss franc while the cost of insuring Greek sovereign debt against default rose to an all-time high. Investors are concerned by signs policymakers are struggling to come to agreement on a second bailout for Athens and that moves to involve private investors will wind up triggering a technical debt default.
via news.yahoo.com
