Posted AT 7:20 AM EST on 03/07/08
Global sell-off pushes world stocks to five-month low
LONDON — A global sell-off knocked world shares to a five-month low on Thursday as surging oil fanned concerns about inflation and slowing growth, ahead of an expected euro zone interest rate hike and a key U.S. jobs report.
The gloom was all-pervasive, with Tokyo stocks setting their longest losing streak in more than half a century while the dollar hit a two-month low against the euro.
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