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World markets slump on double dose of bad news
CNN By Aaron Smith @CNNMoneyInvest June 22, 2012: 8:21 AM ET NEW YORK (CNNMoney) — World markets sold off Friday, after Moody's downgraded 15 major banks and a worse-than-expected report on German confidence. That weighed on European and Asian markets, … Signs of slowdowns in US, Germany, China combine with eurozone crisis to send … Oil, stocks pick up from lows, eye EU meeting Treasuries Head for Weekly Drop as Euro Leaders Meet |