Moreover, weakness on Wall Street and falling interest rates would bring some benefits.
Global tensions and weakness on Wall Street led the flight to safety.
The benchmark Bombay index fell 5.25percentt yesterday, reaching an eight-year low, and analysts said it would fall further after yesterday's weakness on Wall Street.
The euro fell below $1.20, reaching its lowest level since March 2006, and stocks fell sharply, with weakness on Wall Street adding to downward momentum after a U.S. employment failed to live up to expectations.
MetLife's results reflect solid gains in its insurance business and efforts to cut costs, tempered by lower-than-expected returns on its investments because of the weakness on Wall Street.
But weakness on Wall Street — where the Dow Jones industrial average has lost more than 9percentt since its Oct. 3 peak — and mounting unease among Trump's political supporters hurt by the tariff war are triggering the president's dealmaking instincts, the people familiar with the discussions said.
Buoyed by one-time gains from accounting changes and the sale of assets, Bank of America reported a $6.23 billion profit for the third-quarter Tuesday, even as weakness on Wall Street hammered underlying results and the firm surrendered its position as the country's largest bank by assets.
These measures will be discussed at a weekend meeting of top European officials.And Warren Buffett is making the most of the opportunities presented by the financial crisis, taking advantage of fear and weakness on Wall Street to extract a pound of flesh from the bluest of blue chip firms.
But if growth slows to around 3.5percentt, partly in response to weakness on Wall Street, that could bring the nation's increase in economic output within the range that many experts believe is sustainable without risking a serious escalation in prices.
