11. Business ties have lagged as Europe linked trade with human and social rights and environmental issues, a stand East Asian leaders describe as Western hypocrisy. 12. Consumer spending has been lagging as Japanese grow increasingly worried about job security and opt to save rather than spend. 13. Investor confidence lagged as analysts predicted the U.S. Federal Reserve would hike interest rates by as much as half a percentage point next week. 14. Utilities lagged as investors gravitated toward higher-growth issues. |