World stocks slip again, euro hits 1-week low

LONDON - World stocks slipped back towards this week's five-month low on Friday as steadying oil prices failed to erase concerns about slowing economic growth and rising inflation, and as banking stocks came under renewed pressure.

By (Reuters)

Published: Fri 4 Jul 2008, 8:06 PM

Last updated: Sun 5 Apr 2015, 12:47 PM

The euro failed to benefit much from the European Central Bank's quarter percentage point interest rate rise on Thursday, and the region's government bonds rose after President Jean-Claude Trichet said he had no bias on monetary policy, dousing speculation about aggressive rate increases this year.

A less hawkish tone from Trichet, followed by U.S. job data which was in line with expectations, gave equity investors only short-term solace.

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