![Solid US earnings fails to ease concerns](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Solid US earnings fails to ease concerns
Solid earnings data from corporate America has done little to ease investors' concerns that growth in the world economy is slowing.
Solid earnings data from corporate America has done little to ease investors' concerns that growth in the world economy is slowing.
Investors are suffering from unfounded anxiety - or "armageddon hypochondria" - if they think the global economy is headed for a double-dip recession.
Air NZ is denying Australian reports that it poised to buy a stake in rival Virgin Blue.
Stocks in Europe and the US fell after worse-than-expected US economic data bolstered concern about growth.
The New Zealand dollar may be little changed over the next five days after a 3.2pc surge last week took it above 71 US cents for the first time in a fortnight.
Stocks in the US gave up earlier gains as investors were cautious before the start of next week's earnings season.
Stocks in the US rose as the fastest American retail sales growth in four years firmed optimism about the economic outlook.