While you were sleeping Equities sink on China, Fed

Thu, 20 Jun 2013

By Margreet Dietz June 21 (BusinessDesk) - Stocks on both sides of the Atlantic sank after a report showing China's manufacturing decreased at a faster rate in May and as investors digested Federal Reserve Chairman Ben Bernanke's comments that the bank may soon begin paring its stimulus. Yesterday Bernanke said the Fed may downsize its US$85 billion-a-month bond-buying program later this year if the economy strengthens in line with its expectations, possibly ending the program by mid-2014. Bloomberg today reported the pace could drop to US$65...

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