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World markets down as ECB disappoints
Equities on both sides of the Atlantic dropped overnight on disappointment the European Central Bank won't be boosting its bond purchases to help ease the euro zone's fiscal crisis.
S & P warnings weigh on world markets
Stocks were mixed overnight as investors weighed a round of warnings by credit rating agency Standard & Poor's in two days that would boost borrowing costs throughout the euro zone.
NZ dollar slips below US78c as markets digest central bank moves
The kiwi dollar dipped below 78 US cents as markets digest the coordinated moves by the world's biggest central banks to cut borrowing costs.