Greenspan leaves uncertain world

Markets are nervous as Ben Bernanke takes over as chairman of the US Federal Reserve

Markets that entered 2006 serenely, indeed complacently, have had their confidence jolted.

Tokyo, last year's best-performing big stock market, tumbled by 7% in three days. Among indicators of trouble ahead, the price of crude oil has surged by about 9% this month and gold has leapt upwards, too. Yet the dollar, on the whole, has stood its ground.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached