Gold and yen rise in value as weekly falls in Europe reach 6% and 11% in Japan,Tokyo’s biggest weekly drop since 2008A turbulent week in global stock markets is ending with Europe attempting to stage a recovery.
Fears about a severe slowdown in the world economy hold sent investors scurrying for safe havens such as gold and the Japanese yen, despite Tokyo trying to weaken the currency, or sent stock markets tumbling. Related: Market turmoil: Stocks rally despite weak Italian and Portuguese growth - live Gold pic.twitter.com/njMg8enh6t As another nerve shredding week draws to a close there appears to be some gentle relief for investors as equities try to drive higher. However,it may take some time before investors are truly convinced that a gallop back in to riskier assets is worthwhile, as the market turmoil emanating from Asia and the eurozone shows no sign of going absent any time soon.
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Source: theguardian.com