Morning Agenda: Market Panic Subsides as Britain Faces Economic Fears
ByMARKET PANIC SUBSIDES AS BRITAIN FACES ECONOMIC FEARS | Markets regained some equilibrium in Asia on Tuesday with the pound clawing back some of its lossesand the Nikkei 225 rising in Japan, Jonathan Soble reports in DealBook.
The Japanese authorities sought to prevent the strengthening of the yen, which could be bad for profits and deflation. The finance minister, Taro Aso, said that the authorities were ready to respond if necessary.
A measure of calm had appeared already on Monday, Nathaniel Popper reports in DealBook. Stocks slid, but Standard & Poor’s 500-stock index was stable for most of the day after dropping around 2 percent in the first minutes of trading. It closed 1.8 percent lower, while markets in Japan and China finished higher…
Morning Agenda: Market Panic Subsides as Britain Faces Economic Fears
