International
Market View 19 August :- U.S.
markets on Thursday showed the effect of economic concerns. Dow
Jones 3.7 per cent, 4.5 per cent and the Nasdaq Composite S & P
500 dipped 5.2 percent. Poor economic data is due to heavy
selling in U.S. markets. In America the number of unemployed has
reached over 4 million. Also in July, inflation rose by 0.5 per
cent. Home sales figures have disappointed the market. Dow
Jones down 420 points at the end of trading to close at 10 991. 1141
S & P 500 and Nasdaq Composite fell 53 points, closed at 2,380
down 131 points. nAnalysts believe that U.S. markets may
continue to decline. Raymond James Geoffrey soft fall of the
current downturn is a reminder of October 1978 and October 1979.
Steve Nemeth Snamerika Asset Management says that the U.S. markets
did not cause a big fall. But the way the European credit crisis
is getting deeper, in the coming days will impact on U.S. markets.
However, some experts believe that the recent decline in America's
economic slump. Markets 10 percent is possible to come up.