GLOBAL MARKETS: World stocks, oil fall as data stokes worries
NEW YORK, Aug 19 (Reuters) - Fear gripped world markets on Thursday, pummeling stocks and driving the dollar to a near 15-year low against the yen as the latest economic data spurred new worries of a deepening slowdown in the United States that could reverberate around the world.
"The U.S. macroeconomic numbers once again increased doubts regarding the strengths of the U.S. economy in the second half and raised concerns that the economy might be weakening more than previously anticipated," said Tammo Greetfeld, equity strategist at UniCredit in Munich.
Stocks at 1-wk high; BOJ easing view hits yen
LONDON, Aug 19 (Reuters) - World stocks hit a one-week high as an upbeat German growth forecast and optimism on consumer demand spurred buying in risky assets, while the yen fell on speculation Japan may ease monetary policy further. The Bundesbank said the German economy is set to brow by around 3 percent this year, better than a previous forecast of almost 2 percent. Germany registered the fastest expansion since reunification of 2.2 percent in the second quarter.
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