World markets were nervous this Friday after they plunged the day before. US unemployment figures were better than expected, but have not eased the world economic anguish. Here are a few of the top articles seen on the search engines.
Stocks Close Mixed After Extremely Volatile Day
After seeing substantial weakness in the previous session, stocks saw considerable volatility over the course of the trading day on Friday, as traders digested better than expected employment data.
The major averages showed big swings back and forth across the unchanged line, eventually ending the session mixed. While the Dow rose 60.93 points or 0.5 per cent to 11,444.61, the Nasdaq fell 23.98 points or 0.9 per cent to 2,532.41 and the S&P 500 edged down 0.69 points or 0.1 per cent to 1,199.38.
Read more RTT News
GLOBAL MARKETS:European Stocks Slump On Euro-Zone Economic Fears
European stock markets slumped Friday, as market participants worried about the ability of policy makers to provide the necessary leadership to drag the euro zone out of its current crisis.
Leaders of euro-zone nations started frantic phone talks Friday about the escalating debt crisis in Europe as financial markets continued to plunge on concerns that changes to the euro zone’s rescue fund agreed to last month aren’t enough to address the currency bloc’s problems.
EU economics commissioner Olli Rehn attempted to soothe concerns by saying the European Commission’s “longstanding policy” is to reinforce the rescue fund, but traders said he failed to offer clarity on its size.
Read more : Financial Times
Markets Slide But US Bucks The Trend
Many stock markets worldwide have suffered more falls but the US Dow Jones ended higher in volatile trading after better-than-expected jobs growth figures.
In London, the FTSE 100 index of leading UK shares closed the day at 5246.99, down 146 points or 2.71%.
More than £148bn has been wiped off the FTSE’s value since trading opened on Monday – a plunge of 568.2 points or 10.15% – caused by the eurozone debt crisis and fears the economy is stalling.
In other European markets, Germany’s DAX ended Friday down 2.8% and the CAC in France fell 1.2%. Italy was 1.7% lower and Spain dipped by 0.2%.
Read more : News Sky
FTSE 100 tumbles in worst week since height of the crisis
The FTSE 100 slumped to its worst week since the depths of the financial crisis as fears of a new global recession wiped more than $2tn (£1.2tn) from the value of stock markets around the world.
The blue-chip index of Britain’s leading companies ended another volatile trading day down 146.15 points, or 2.7pc, at 5,246.99 – a 9.8pc tumble on the week. Across the Atlantic, the Dow Jones Industrial Average and the S&P 500 were poised for their steepest weekly declines in three years.
Read more : The Telegraph
