New York Stock Exchange opened on red.
A new session of the US stock market was on chaos. Few minutes after the trading session opening, the Dow Jones has already decreased by 7.3%, being lowest in the last five years. The state of uncertainty and not very encouraging prospects caused a panic among international financial markets which it has reflected as a general fall in stock market indices.
The Moscow stock market was closed, as well as in Vienna.
Dow Jones entered the ninth consecutive day of decline recorded as the longest fall since 1978. World stock exchanges have lost more than 2,000 billion dollars just last week.
U.S. stocks and oil prices continued their decline amid concerns about U.S. economic growth and despite the Senate and House of Representatives plan approval to increase the debt ceiling.
According to Bloomberg, Dow Jones is the ninth consecutive day of decline marking the collapse of the longest history.
Only last week, the value of shares listed on stock exchanges around the world fell by more than 2,000 billion dollars.
Investors preferred to withdraw the Swiss franc and gold which is why the central bank of Switzerland decided in an unprecedented measure to reduce the interest to “near zero” to avoid a new assessment.
The other major exchanges, such as the London and Frankfurt indices recorded declines of more than 10%.
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