Stock Market

Global Stocks Slip, German Bonds, U.S. Treasuries Up

On poor economic data from Europe


World shares slipped while safe-haven German bonds and U.S. Treasuries rose on Wednesday as poor economic data from Europe rekindled concerns about the health of the global economy.

However, the euro rose after European Central Bank policymaker Ewald Nowotny said the exchange rate was not a concern, contrasting with the head of the region's top financial committee, the Eurogroup, who said it was too strong.