G20 earns plaudits but fails to ease market mood

Markets were nonplussed by the G20 communique with most of the leading stock indices falling in Monday trading.

The communique, devised during a round of meetings in Washington DC this weekend, underlined authorities' willingness to cooperate on regulatory and macroeconomic fixes.

The group also agreed on a commitment to an open global economy. "We recognise that these reforms will only be successful if grounded in a commitment to free-market principles," the statement said.

The communique

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