Thursday, November 20, 2008

The Dow Jones under 8 000 points

The trend in this market has continued Wednesday, when it was announced that the United States are experiencing a record drop of 1% in October consumer prices. The day was particularly difficult in New York, where the Dow Jones lost 427.47 points, or 5.07%. The index and starring American happening under 8 000 points, to 7 997.28 points. In Toronto, the loss was barely lower as the TSX lost 345.17 points, or 3.91% to 8490.56 points. The Nasdaq technology index has lost no less than 6.53% on him. The Canadian dollar fell for a second day in a row and fell to U.S. $ 0.7974, while a barrel of oil lost less than a dollar to close at $ 53.67 U.S.. In Europe, major stock markets have suffered significant losses. London has tumbled from 4.82% to 4 005.68, while Paris has sold 4.03% to 3 087.89 points and Frankfurt fell by 4.92% to 4 354.09. The Norwegian bank DnB NOR has also yielded 15.38% finished and Stockholm lost 5.30%, while in Brussels and Madrid, they are lost 4.22% and 3.74% who been recorded. In Asia, the losses were smaller in the range of 0.66% and 0.77% in Tokyo and Hong Kong. The new stock market falls occur when it was announced that consumer prices fell by 1% in October in the United States, a record, while fuel prices fell for a third month in a row. The reduction in consumer prices is the monthly drop the highest since 61 years.

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