Read as much as you want on, anywhere and anytime, for just 99¢.


German slowdown holds back the market

Continue reading below

Renewed worries about Europe­ overshadowed an encouraging US jobs report, leaving stock indexes about where they started. The number of people applying for unemployment benefits fell to 341,000 last week; except for a few weeks last month, that was the lowest in nearly five years. But Germany’s economy shrank more than expected in late 2012, deepening Europe’s recession. The market has drifted this week, with little to sway investors. The calm could end, though, said Doug Cote, at ING US Investment Management. With recessions in Europe and Japan and weak US growth, ‘Everybody is too complacent,’ he said.

Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of