From here:
The Dow spent much of Wednesday’s session in the black but turned lower in the final hour after Chancellor Angela Merkel defended Germany’s EUR80 billion austerity package for the next four years, saying that the time to withdraw stimulus has come and lessons from the debt crisis must be learned.
“If she’s basically saying that it’s time to withdraw stimulus, what’s that going to do to Europe’s strongest economy?” asked Michael Shea, managing partner at Direct Access Partners. “What it’s doing is just creating more and more uncertainty.”
US Stocks Fall On Merkel Comments, Led By Energy, Financials
From here:
The Dow spent much of Wednesday’s session in the black but turned lower in the final hour after Chancellor Angela Merkel defended Germany’s EUR80 billion austerity package for the next four years, saying that the time to withdraw stimulus has come and lessons from the debt crisis must be learned.
“If she’s basically saying that it’s time to withdraw stimulus, what’s that going to do to Europe’s strongest economy?” asked Michael Shea, managing partner at Direct Access Partners. “What it’s doing is just creating more and more uncertainty.”