A Dip In The World Stock Market
Dated - 28/04/12
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The stocks have fallen down because of the fears over trouble of the global economy, while the other reasons which are being considered are the weak position of the status of job in the United States Of America in the last weak as well as the trouble of euro zone debt crisis as well.
The US Dow Jones index had gone down by 1.7 per cent which became the worst fall in the year 2011. Before that, Cac 40 of France had gone down by 3.1 per cent, FTSE 100 of the United Kingdom as well as Dax of Germany had fell by 2.5 per cent.
On a contract to this, the bond yields of Spain had hit a high all together in this year as concerns have came back to ability of Madrid to make the repayment of its debts.
The banks were had hit quite hard with Society General which went down by 6.2 per cent as well as BNP Paribas which went 5.7 per cent lower as far as French trading was concerned. In the Britain, Barclays had gone down by 5.9 per cent while Lloyds which had lost on 5 per cent.
In Germany, Commerzbank in the end of the day was down by 5.9per cent. In addition to this, the shares of Italy had fell by 5 per cent according to the media reports given by the government who was on the way to cut the growth forecast in the present year. Along with this oil has also come down. Brent crude has gone by 2.80 dollars which now came to 120 dollars on one barrel in London.
The figures which were released just a few days back by the US Labor Department revealed the growth in the employment in past five months had been the lowest and the smallest. In addition to this, in the month of March, the economy of United States has added up new jobs which were 120,000 in numbers which was quite less which the analysts had though it would be, which they thought would be 200,000.
After the Easter break, the investor in Europe now on last Friday gave their reactions on this loss of jobs in the data Of United States. Many concerns have started getting risen up regarding the recovery of the economy of the United States. Jane Foley of Rabobank International had to say that the disappointing report of the payrolls of the US has become one of the major reasons of the stock of Europe coming down.
Summary: The stocks have fallen down because of the fears over of global economy, while the other reasons which are being considered are the weak position of jobs in the United States of America in the last week as well as the trouble of euro zone debt crisis as well
