China economy fears continue to drive markets

By: American Decency Staff

Concerns over the Chinese economy and the ongoing tensions in Ukraine continued to drive stock markets around the world lower Friday.

The twin worries have had a firm grip over financial markets all week, especially as there's been a relative dearth of market-moving economic news in the U.S. and Europe.

With traders monitoring discussions Friday between U.S. Secretary of State John Kerry and Russia Foreign Minister Sergei Lavrov in the run-up to Sunday's referendum in the Ukraine region of Crimea over joining Russia, analysts said there's unlikely to be a turnaround in sentiment.

"At the end of the week, investors will likely want to sit on their hands and monitor the outcome of U.S.-Russian talks on the Ukraine today and the outcome and aftermath of the Crimean referendum," said Neil MacKinnon, global macro strategist at VTB Capital.

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