European Debt Crisis Good News Came Out Of &Nbsp; U.S. Stocks Fell On Friday.

The US stock market closed on Friday amid favorable news from Europe. Ups and downs In each case, the Dow rose and the NASDAQ fell. Today, the US stock market is more volatile, with the Dow's peak rising 172 points and the lowest 245 points.

As of 4:00 p.m. Eastern time, the Dow Jones industrial average rose 61 points, or 0.53%, to 11445 points. The Nasdaq composite index dropped 24 points, or 0.94%, to 2532 points. The standard & Poor's 500 index fell 1 points, or 0.06%, to 1199 points.

The 4 day of the US stock market suffered the worst day since the 2008 financial crisis, and the three major stock indexes dropped by over 4%. The shadow of the new financial crisis seems to be reappearing.

On Friday, media quoted people familiar with the matter as saying that the European Central Bank has asked Italy Prime Minister BRUZZI Keni to commit to accelerating the reform of special welfare programs and by balancing the constitutional amendment of the budget in exchange for the European Central Bank's purchase of Italy treasury bonds through the open market.

The pan European Dow Jones index closed at 238.88 on Friday. Decline It's 1.76%. This is the lowest closing point of the index since July 2010. The pan European Dow Jones index fell 3.3% in Thursday's trading due to the escalation of the euro zone sovereign debt crisis and the re emergence of a recession in the US economy, which has fallen 10% this week.

The New York Mercantile Exchange's main gold contract in December fell $7.20, or 0.4%, at $1651.80 an ounce. The price of gold has risen 1.3% this week. The main reason for the rise in the price of gold is the increase in the risk of gold's risk aversion caused by fears that the global economy may fall into recession again. The price of gold rose by 1.9% a week earlier.

At 8:30 a.m. Eastern time on Friday, the labor department released the latest non farm employment report in July. The number of non farm employment increased by 117 thousand in July this year, and the unemployment rate in the United States dropped to 9.1% in July. The report is better than expected. Market economics has forecast an average of 89 thousand people in July, and the unemployment rate is expected to remain unchanged at 9.2%. In June, the number of non farm employment in the United States increased by 46 thousand and the unemployment rate was 9.2%.

On Friday, according to a close contact with the European Central Bank, 4 members of the European Central Bank Council, including the Jens Weidmann of the Bundesbank, were on Europe this Friday. Central Bank The plan to restart the purchase of bonds was voted against.

In addition to Wiedemann, senior members of the Executive Committee of the European Central Bank Stark (Juergen Stark) and two other countries from the Belgian Holland Luxemburg Economic Union countries voted against the plan to buy bonds, according to the person who did not want to be identified.

Due to the global economic slowdown and the expansion of the European debt crisis, the global stock market crash led to the evaporation of the Morgan Stanley Capital International Stock market value of more than US $2 trillion and 500 billion this week (August 5th week). Almost equal to the size of the entire French economy.

The mortgage financing giant, Fannie Mae, said on Friday that it would again apply for $5 billion 100 million in aid to the US government to make up for the loss of its loan business before 2009. As the largest residential mortgage supplier in the United States, Fannie also released its second quarter financial report on Friday, showing a quarterly loss of $5 billion 200 million, or a loss of 90 cents per share. Including the latest request for assistance, Fannie Mae received $104 billion in capital injection since its takeover by the US Treasury during the financial crisis in 2008, of which $14 billion 700 million has been repaid in dividends.

Royal Bank of Scotland, one of the five largest banks in the United Kingdom, reported 5 profit loss in the first half of this year, 794 million pounds (US $1 billion 270 million), mainly due to the purchase of Greek government bonds and misuse of "repayment guarantee insurance". The bank said its first tax deficit amounted to 1 billion 400 million pounds (US $2 billion 270 million) in the first half, compared with a profit of 1 billion 200 million pounds (US $1 billion 940 million) in the same period last year.

A spokesman for Chile's Escondida copper mine union announced on Friday that union workers have accepted the bonus scheme of the copper mine management by voting, and agreed to end the strike which has lasted for 15 days.