Loading ...LONDON (Reuters) – Financial and commodities markets slumped on Wednesday after the World Bank cut its growth forecasts for 2015 and 2016, fuelling fears that the benefits of cheaper oil may be offset by anemic economies and the threat of deflation.
Share prices, commodities and bond yields fell as investors sought safety in government debt and currencies like the Japanese yen. The dollar dropped 1 percent against the yen.
Market nerves were soothed somewhat after a top adviser to the European Union’s highest court advised judges to approve a bond-buying plan by the European Central Bank aimed at boosting the struggling
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