credit debt default

 On Thursday fears at the world markets that a Dubai debt default could reignite the financial turmoil of the credit crisis impacted European and Asian equities, lifting government bond prices and pulling the U.S. dollar off of recent lows as investors sought out safe havens.

"This an important reminder that the credit crisis is forgotten but not gone," Robert Rennie, strategist at Westpac Global Markets Group, said in a note.