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Stock impact report

Analysis-Recession fears trounce rate cut cheer in latest market selloff [Yahoo! Finance Canada]

Oragenics Inc. (OGEN) 
NASDAQ:AMEX Investor Relations: ir.oragenics.com
By Naomi Rovnick LONDON (Reuters) - Mounting unease over the U.S. economic outlook and a seasonally weak month for stocks have created another perfect storm of global market volatility, leaving investors scrambling for protection and fearing another round of currency chaos. Following a rapid recovery for risky assets such as stocks and high yield bonds from a chaotic early August selloff, traders have lost their short-lived optimism that U.S. interest rate cuts would support growth. Instead, they appear to be already getting ahead of U.S. jobs data on Friday that may repeat last month's weak report, with Tuesday's weak U.S. manufacturing data triggering fresh selling. Wall Street's S&P 500 share index fell over 2% on Tuesday, while Japan's broad Topix share gauge plunged 3.7% on Wednesday in its biggest daily drop since the Aug. 5 market rout and European stocks tumbled. Meanwhile, the VIX index of expected U.S. equity volatility has hit a one-month high, as choppy currency Show less Read more
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