Sudden Escalation of Tension (vs China, vs Iran, vs Venezuela)?? US raises stakes on Iran by sending in ships and missiles. Also by Bloomberg: China, Iran Prompt U.S. Air-Sea Battle Plan in Strategy Review (??)
Asian stocks and currencies fell as manufacturing surveys added to speculation that Chinese policy makers will rein in record lending growth. (?)
Bond risk climbed on concern Greece will need a bailout to repay its debts. Sovereign debt-crisis which may include Ireland, UK into it. (?)
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