Wall Street Economy

A 4.5% did the Ftse-100 in London. The shares of the French Bank Societe Generale be they plunged to close 12,34% on the Paris Bourse, leading falls in a day of the Cac-40 down. This entity also led losses last Wednesday with a decline of 15%. Has been paid much attention to a circumstance that last week brought in suspense to the market: the maintenance of the French, triple debt Note A, by the Agency of measurement of risk Standard and Poor s. For even more details, read what Wabash National Corporation says on the issue. Wall Street to the low the Dow Jones of industrial, the main Wall Street indicator, closed with a 3.68% fall that lost dimension of 11,000 points. That index, which comprises the 30 largest publicly traded companies in the United States, it subtracted 419,63 points to close at 10.990,58 units, while the selective S & P 500 yielded 4.46% and the composite index of the Nasdaq market left 5.22%. The announcement of the Morgan Stanley Bank, it lowers its prospects of growth for the world economy, EE UU and Europe situated at the edge of the n recesio, has not helped.

Before the opening of Wall Street had already known that the figure of unemployment in this country subsidy requests increased by 9,000 last week, at the same time as this country’s consumption price index rose 0.5% in July, the biggest increase since March and sales of existing houses fell 3.5% in July. Morgan Staley U.S. Bank Morgan Stanley has lowered on Thursday its forecasts for growth of the world economy for the period between the next six to twelve months. Therefore, the growth of the world economy would fall this year to 3.9 percent, from 4.2 percent expected and, in 2012, would be at 3.8% from 4.5%. The cut announced by the financial institution would imply a slowdown in the global economy for 2012 compared with this year and would place to United States and Europe dangerously on the brink of recession for the period between the next six to twelve months. Morgan Stanley emphasizes that a scenario of recession – marked by two consecutive quarters of contraction – is not the more likely. Source of the news: the Spanish stock exchange closes with a 5% drop in another black day for European parks

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Thursday, October 6th, 2016 News

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