PARIS (AP) — Stock markets retreated Tuesday due to global worries about the impact of the eurozone debt crisis and as investors awaited a key speech by the U.S. central bank chief.
Investors are looking for confirmation that central banks in the U.S. and China will provide more economic stimulus and that the European Central Bank will intervene in bond markets to lower some countries' high borrowing costs.
Federal Reserve Chairman Ben Bernanke will hold an important speech later this week that investors will watch carefully for clues about the central bank's intentions to try to speed up the U.S. economic recovery.
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