![<i>Stock Takes</i>: MD's shock resignation knocks PGG Wrightson shares](/pf/resources/images/placeholders/placeholder_l.png?d=796)
<i>Stock Takes</i>: MD's shock resignation knocks PGG Wrightson shares
Shareholders are upset...
Shareholders are upset...
Stocks in Europe and the US slid as China unexpectedly increased its benchmark interest rate and after Apple's earnings forecast fell short of some expectations.
Shares on Wall St advanced overnight, helped by better-than-expected results from Citigroup and expectations the Federal Reserve would further ease monetary policy.
Equities on Wall Street welcomed clarification about Federal Reserve policy makers' plans for further monetary easing to help propel US economic growth.