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Top Stories Latin American Markets: Brazilian stocks step back from rally Stocks fall in Brazil, with caution about growth prospects holding the market back from building on its best performance in seven months.
Asia Markets: Asia stocks tumble; downgrade hits Tokyo Asia markets fall, with European concerns bruising sentiment, while a downgrade of Japan’s credit rating and disappointing trade data weigh in Tokyo.
Market Extra: Facebook’s ‘falling knife’ shares drop again Shares of Facebook Inc. fall again, shedding another 9% on its third day of trading.
Dell shares fall on disappointing results PC maker posts a 33% drop in profit, sending its shares tumbling after hours.
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May 22, 2012 11:47 PM EDT
While the US economic recovery is on everyone’s mind, China’s trade surplus played out as a negative impetus for our markets ahead of the FOMC statement. Chinese authorities reported that their trade gap widened to $28.7 billion in July versus $20.2 billion. That was far worse than the $19 billion anticipated. Imports grew “just” 22.7%, while exports were up a solid 38.1%. If Chinese imports are seeing a slower pace of growth, then perhaps the... full story >>