Global stocks slid, dragging European shares to the biggest two-day loss since 2008, and oil fell amid growing concern the economic recovery is faltering.
The euro rose against the dollar amid speculation the region may start joint bond sales to contain the debt crisis.
The Standard and Poor’s 500 Index slid 0.6 per cent at 9.30am in New York, extending a fourth straight weekly slump. The Stoxx Europe 600 Index slipped 2.1 per cent after falling 4.8 per cent yesterday.
Oil was down ..