2016: THE NEXT GLOBAL RECESSION
Stocks declined around the world for a second day and the yen advanced after China's efforts to prop up its stock market failed to quell investor misgivings over the strength of the global economy.
Investor optimism in Europe proved short-lived as shares in the region erased an advance of more than 1 percent, while U.S. equity-index futures pointed to further declines after the Standard & Poor's 500 Index posted its sixth-worst start to a year in data compiled by Bloomberg going back to 1927. The yen strengthened against all its major counterparts on demand for the safest assets and gold gained a second day. Industrial metals advanced after China's authorities succeeded in…
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