Summary: The Dow Has Risen 3.95%&Nbsp; The Finger Of The Finger Soared 4.69%

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At 16:00 p.m. Eastern time on August 11th (Beijing time August 12th 04:00), the Dow Jones industrial average rose 423.37 points, closing at 11143.31 points, or 3.95%; the Nasdaq composite index rose 111.63 points to 2492.68 points, or 4.69%; the standard & Poor's 500 index rose 51.86 points, or 1172.62 points, or 4.63%.

Today's plate

President Obama said in his speech that he would announce plans to increase employment opportunities every week.

Dan Greenhaus, chief global strategist of investment BTIG LLC, said: "although the US economy is not improving, it was first applied last week.

On the economic data side, the US Labor Department announced that in the week ending August 6th, the number of initial claims for unemployment benefits fell by 7000, to 395 thousand, the lowest figure since early April.

According to a survey by Bloomberg, economists expect an average of 405 thousand.

A week earlier, the number of unemployed Jin people was 400 thousand.

The US Department of Commerce announced that the US trade deficit rose to $53 billion 100 million in June, a record high since the 2008 economic crisis.

According to a Bloomberg survey, economists expect an average of 48 billion dollars.

The trade deficit in May was US $50 billion 200 million.

In the face of corporate earnings, CISCO (CSCO) shares surged 16%. The company announced a net profit decline of 36% in the fourth quarter, but adjusted earnings and revenue exceeded analysts' expectations.

After Kohl's s Corp (KSS) announced its second quarter earnings, it raised its annual earnings per share forecast, and now expects earnings per share to be 4.45 to $4.60, originally expected to be between 4.25 and 4.40 dollars.

In other news, according to Bloomberg reports, the top 500 executives of the S & P company's components increased to their highest level since March 2009.

Reuters reported that at least one Asian regional bank has reduced the credit limit of the main French lender.

The New York Times article said that the European Securities and market authority would consider banning short selling in the entire euro area, and France is ready to launch an investigation into the spread of bad banking news.

In the foreign exchange market,

The New York Mercantile Exchange's gold futures in December fell $32.80 to settle at $1751.50 an ounce.

Crude oil futures rose 3.4 in September to $85.72 a barrel.

European Union regulators are considering selling short selling orders.

According to foreign media reports, two people familiar with the situation said that the European Securities and Markets Authority, which is responsible for coordinating the EU market policy, is considering a temporary ban on short selling in the whole European region, which is aimed at curbing the market chaos.

According to the New York Times website, the European Securities and market authority has asked EU Member States to provide information about short selling, according to sources.

Victoria Powell, a spokesman for the European Securities and Markets Authority, said: "we are discussing with all the authorities in Vitoria and will decide whether we need to take concerted action."

But she refused to comment on the time or possible scope for any decision to be made.

European stocks rebounded later, and Europe intends to ban short selling.

European stocks began to rebound on Thursday, and the situation of French banking stocks improved significantly.

The stock market in Britain and Germany turned up and the French stock market fell sharply.

As of 22:05 Beijing time, the overall situation of European stocks weathervane: Dow Jones Storck Pan European 600 stock index fell 0.24% to 222.96 points, the index was down more than 2%.

A number of media reports said that the European Securities and market authority is considering banning short selling in the entire euro area, while the French government says it is ready to investigate the spread of bad news to the banking industry.

In addition, the US stocks, which were plunging yesterday, opened sharply, which is a comfort to investors in the European market.

Initial jobless claims below 400 thousand are better than expected.

The US government's first report on unemployment benefits released last week showed that last week's figure fell to the 400 thousand level, the first time since the beginning of April this year, and is obviously better than market expectations.

In addition, the total number of people receiving unemployment benefits continued to decline.

This is a great comfort for US investors who continue to fall.

The labor department pointed out that in the week ending August 6th, the number of unemployed Jin people decreased by 7 thousand, and the total number of unemployed workers fell to 395 thousand.

The number of people two weeks ago was raised to 402 thousand, more than 400 thousand previously announced.

According to a survey by Thomson Reuters Group, the average forecast for economists last week increased to 410 thousand.

The average mobile average of the initial jobless claims decreased by 3250 to 405 thousand, the latter hitting a new low since mid April.

In June, the trade deficit unexpectedly increased to 53 billion 100 million after the crisis.

The US government announced that, by the global economic downturn, the trade deficit in June unexpectedly expanded to $53 billion 100 million, a record high of nearly three years, the highest since the financial crisis.

The Commerce Department said Thursday that the US trade deficit in June expanded by 4.4% compared with the deficit of $50 billion 800 million in May. The biggest reason for the deficit expansion was 2.3% decline in exports, the largest monthly decline since December 2008.

Analysts surveyed by Thomson Reuters declined the average deficit in June to $48 billion 200 million.

In May, the trade deficit increased sharply by 16.5% to $50 billion 800 million.

The widening of the trade deficit in June means that the second quarter gross domestic product (GDP) will be revised down.

New York gold futures closed down 1.8% at $1751.50.

New York gold futures closed Thursday from a record high, reversing the previous 3 consecutive trading day trend, mainly due to the stock market rose today, to a certain extent, the market has injected optimism.

In addition, CME Group (CME), an operator of the New York Mercantile Exchange, has raised the margin requirement for gold trading, and is also one of the reasons leading to the decline in gold futures prices. (Group)

On the same day, gold futures on December delivered by the New York Mercantile Exchange (NYMEX) commodity exchange (COMEX) fell $32.80, or 1.8%, at $1751.50 an ounce.

New York crude futures closed up 3.4% at $85.72 a barrel.

New York crude oil futures prices closed up on Thursday because investors bought on the cheap and the US stock market rebounded, thus giving some optimism to the market.

On the same day, the New York Mercantile Exchange (NYMEX) delivery of light crude oil futures in September rose 2.83 U.S. dollars, at 85.72 U.S. dollars per barrel, or 3.4%.

European stock markets soar and bank shares rebound

European stock markets soared sharply on Thursday, but intraday shock and banking stocks rebounded after yesterday's plunge.

Pan European Dow Jones Stoxx 600 index rose 3.2%, closing at 230.57 points, the lowest intraday drop to 218.91 points.

The German DAX 30 index rose 3.3%, closing at 5797.66 points.

The French CAC 40 index rose 2.9%, closing at 3089.66 points.

The FTSE 100 index rose 3.1%, closing at 5162.83.

The Italy financial times MIB index rose 4.1%, closing at 15277.19 points.

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