Business

Stocks slip as Fed chief disappoints on stimulus

By Colleen Barry
Published June 8, 2012 5:21pm ET
Add Washington Examiner on Google
Stocks slip as Fed chief disappoints on stimulus
A man looks at the electronic stock board of a securities firm in Tokyo Friday, June 8, 2012. Asian stock markets fell Friday, deflated after U.S. Federal Reserve Chairman Ben Bernanke gave no hint of immediate action to jump-start growth in the world's No. 1 economy. Japan's Nikkei 225 index fell 2 percent to 8,471.04. (AP Photo/Itsuo Inouye) | Itsuo Inouye

MILAN (AP) — Global stocks staged a minor recovery Friday after the U.S. government said businesses were restocking their shelves faster than analysts expected, coming on the heels of a surprise Chinese rate cut.

The U.S. Commerce Department’s announcement that wholesale inventories grew faster than expected in April went some way to turn round an overall down market.

Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.