emjee schreef:
PALMA DE MALLORCA, Spain, March 2 (Reuters) - IMF chief Rodrigo Rato said on Friday that the global economy is strong and volatility on financial markets is unlikely to last, making his second attempt in as many days to soothe investors' nerves.
But Rato, the International Monetary Fund's Managing Director, also warned investors not to lower their guard on the risks they face following this week's stock market sell-off.
"The world economy is on a strong footing ... You see Asian and European economies (growing) at a strong pace and the U.S. slowdown seems to be a mild one," he told reporters. However, he added: "It's good advice for all investors to take into account that downside risks can materialise."
On Thursday Rato said the sell-off was a correction. He said it did not represent a prolonged market shift and brushed aside concerns that it could dent economic growth.
The slide began with a 9 percent drop in Chinese shares on Tuesday and soon spread around the globe. It sparked the biggest one-day fall in U.S. stocks since Sept. 11, 2001, pushing the Japanese yen to a 10-week high against the dollar and lifting bond prices as investors fled riskier assets.
Shares continued to slide on Friday but the yen's surge paused as the dollar took heart from healthy U.S. factory data.
In Tokyo, the Nikkei stock index <.N225> lost 1.35 percent, erasing its gains for the year, while European shares fell for a fourth consecutive day. Continued...
nou da's mooi. rust is what we need.