By and  on October 31, 2011

The relief that accompanied last week’s deal to stem Europe’s debt crisis receded Monday as investors fretted over the implementation of the rescue plan and worried anew about the global economic outlook.

Commodity and banking stocks led market declines in both the U.S. and Europe as investors worried over slipping demand for commodities in China and increased borrowing costs for Italy, which is struggling with a heavy debt load.

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