Investors flee to safe havens

World stocks erased the year’s gains and German bond yields slid to record lows yesterday as investors fled risky investments for safe-haven assets on the eurozone’s deepening debt woes.

Brent crude slipped below $107 per barrel to its lowest in 2012 as the eurozone crisis raised fears of a global slowdown that could dent oil demand. The euro hovered near a four-month low.

US stocks opened slightly higher, with the impending market debut of Facebook helping to lift battered investor sentiment.