Global shares drop, dollar slumps as rout gathers pace


Marc Jones
Reuters
June 13, 2013

World shares fell and the dollar slumped on Thursday as a sell-off on global financial markets accelerated on concerns over whether central banks will continue the stimulus they have come to rely on.

Stocks, bonds, commodities and the dollar were all caught in the selling. There were tentative signs markets were leveling off ahead of U.S. trading, although Wall Street was also expected to open in the red.

The slide has been triggered by comments from policymakers at the U.S. Federal Reserve, which meets next Tuesday and Wednesday, about when to start scaling back its huge bond-buying program.

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