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SARATOGA SPRINGS, N.Y. (AP) — American Pharoah has taken a glorious gallop around Saratoga Race Course to the cheers of thousands of fans the day before the Triple Crown winner runs in the Travers Stakes.
European and US markets stumbled Friday at the end of a rocky week plagued by worries over China's slowdown, after Asia stocks rallied on the strength of US economy. Global equities were hammered on Black Monday as risk-averse investors dumped shares on spreading panic that the flagging Chinese economy could spark a new world recession. "After a hectic rollercoaster of a week across financial markets... the moves by the PBoC and the better-than-expected US GDP have revived risk-taking to a degree," said London Capital Group analyst Brenda Kelly.