NSANY - Wall Street Breakfast: Markets Lose Steam Amid Growth Jitters
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Stocks across the globe are losing ground after weak economic data from China and Europe (see below) fanned concerns of a worldwide slowdown. Traders had anticipated a "Santa Rally" might have arrived following a rough December start for equities, but current sentiment may now signal a dead-cat bounce. On the U.S. economic calendar for today are retail sales, industrial production and the flash Composite Purchasing Managers' Index.
Economy