While we are enjoying our weekend, and Monday Labor holiday. The European stocks tumbled, and tomorrow will create a domino effect in the US stocks.
"European stocks tumbled Monday, with the Stoxx Europe 600 Index posting its biggest two-day drop since March 2009 on investor speculation that support for bailing out Europe’s indebted nations may fade.
The Stoxx Europe 600 Index lost 4 percent to 223.86 at the 4:30 p.m. close in London, following Friday's 2.4 percent plunge off of a worse-than-forecast U.S. jobs report. The U.K.’s FTSE 100 Index dropped 3.6 percent and France’s CAC 40 Index lost 4.7 percent." (2011, WashingtonPost.com)
"European stocks tumbled Monday, with the Stoxx Europe 600 Index posting its biggest two-day drop since March 2009 on investor speculation that support for bailing out Europe’s indebted nations may fade.
The Stoxx Europe 600 Index lost 4 percent to 223.86 at the 4:30 p.m. close in London, following Friday's 2.4 percent plunge off of a worse-than-forecast U.S. jobs report. The U.K.’s FTSE 100 Index dropped 3.6 percent and France’s CAC 40 Index lost 4.7 percent." (2011, WashingtonPost.com)
Comments
Post a Comment