Increasing unemployment in US and Europe sour market sentiments
Jobless rate in United States has nearly doubled since onset of recession
Saturday, July 04, 2009
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Heavy job losses in the United States and Europe soured market sentiment, pointing to a long, slow recovery from the world's deepest recession in eight decades. Friday's euro-zone service-sector surveys for June and retails sales for May are unlikely to cheer investors either, with both sets of data expected.
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Tags: Asia, Bank, China, Europe, India, Japan, States, United States, World
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