20100625 1121 Global Market News.

GLOBAL MARKETS: World stocks weighed by growth fears; gold up
NEW YORK, June 24 (Reuters) - World stock markets and high-yielding currencies dropped on Thursday as investors retreated from riskier assets, worried about tepid global growth and renewed fears in Greek debt markets.
The Federal Reserve offered a subdued assessment of the U.S. economy on Wednesday and affirmed that short-term interest rates would remain near zero for "an extended period," which pressured U.S. equities for a second consecutive day on Thursday.

Stocks down on Fed gloom; dollar recovers
LONDON, June 24 (Reuters) - Global equities and crude prices eased  on concerns over economic growth after the U.S. Federal Reserve's pessimistic outlook, though the dollar recovered from the previous session's losses.
"The negative tone on the speed and strength of the recovery from the Federal Reserve is infringing on investor's expectations and there's a sense that there will be a long period of anaemic growth," said Henk Potts, analyst at Barclays Wealth in London.

WELLINGTON, June 25 (Reuters)

Asian stocks are set to fall on Friday, as growing economic pessimism in the U.S. and re-emergence of euro zone debt worries weighed on global markets. pricorn23: Banks fell on fears the U.S. Congress would pass strict new rules on financial regulations, which would restrict their trading and investment activities.