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Thu 05 May 2010Stocks, euro drop on contagion fears
World shares tumbled and the euro came under renewed pressure today in what is shaping up to be a major flight to safety on fears of contagion from the Greek debt crisis.
Wall Street shares fell, following signs of soft US sales and disappointment the European Central Bank offered no new measures to ward off the region's sovereign debt troubles. Investors sold corporate debt on worries the euro zone crisis would hurt US growth.
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