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Stock Markets Close – New Lows

  • August 21st, 2011
  • Posted by EUEditor

eu-symbol-coins.jpgus-dollar13.jpgAnother week with the same message at the end of it on the global stock markets – more volatility ahead.

Western  bourses closed with significant net losses for the week, on Friday (19.8.11), the fall in prices easing during the last day.

It was a “difficult” day, said Le Monde (19.8.11), following calamitous sessions the day before, reflecting ongoing concern over the stability of the European banking system and fears of a new recession in America.

European exchanges some losses over 2% for the day, and in New York the Nasdaq index, down 1.62%, had its lowest closure level for a year.

Reference

Le Monde, Paris, Les Bourses européennes chutent de nouveau (European bourses see new falls), 19.8.11. www.lemonde.fr, (21.8.11).

Ryan Vlastelica, “More volatility ahead as uncertainty rules”, Reuters, London, 19.8.11. http://www.reuters.com/article/2011/08/19/us-markets-stocks-weekahead-idUSTRE77I6KX20110819, (21.8.11).

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