May 25, 2011
Concerns that Europe's debt crisis may be worsening, particularly in Greece, kept stock markets in check Wednesday while soft Japanese economic figures added to the evidence suggesting that the global economic recovery is running out of steam.
Stocks are failing to recover much from Monday's steep losses as investors' appetite for risk remains low given a broad range of concerns. When investors are reluctant to take on risk, stocks invariably suffer.
The current bout of jitters, which have lasted for around a month, have been based on two main factors — that the global economy is faltering and that Europe's debt crisis is deepening.
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