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Crossover: Cause of tug of war on Wall Street

08-06-2011 10:44 BJT

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US stocks closed their worst week in more than two years on Friday in a volatile session that saw the major indexes whip back and forth.

Our correspondent Natalie Carney joined us earlier on the line to explain the main factors leading to the market phenomenon.

She told us that investors realize the latest employment numbers,though encouraging, aren't enough to stabilize the job market and growing EU debt concerns might impact banks on both sides of the Atlantic.

 

Overview: Global stocks slump amid fear of economic slowdown

Global stocks are plunging in another broad sell-off, as investors grow concerned about an economic slowdown... full story>>

 


 

Asian stocks drops over 4%

Asian stocks dropped more than four percent this morning, extending a decline as investors sold cyclical and defensive names in the face of U-S growth and euro zone debt fears...full story>>

 


 

China stock market opens down 2.4% at 2,620 points

Following the sell-off in global markets, shares on the Chinese mainland are also trading sharply lower this morning... full story>>


 

 

Australia: Shares plummets; growth remains strong

Australian shares also plummeted more than four percent in early trading Friday... full story>>

 

 

 

European market hit by concerns over sluggish world economy

Reaching a deal on the debt limit has provided little relief to investors in the US and Asia, and in Europe, it's not giving much comfort either... full story>>

Editor:Zhang Pengfei |Source: CNTV.CN

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