Dow Dropped 500 Points In Early Trading &Nbsp; Dassault Said The European Central Bank Would Cut Interest Rates.

The empty side is coming again!

European stock market Setback 。 Germany fell 4%, Britain fell 2%, France fell 23%, Europe fell 3%, Spain fell 3%, and Italy fell 4%.

The biggest decline was in European banks, with a decrease of around 4%-5%.

US stock market early Thursday Plunge As of 22 hours in Beijing on August 18th, the Dow fell 500 points, or more than 4%.

The Wall Street Journal quoted anonymous sources as saying that the New York Fed has been meeting with European bank executives recently to check whether they have enough cash in the crisis and whether short-term financing is normal. An executive at a European bank said the New York Fed was "very worried" about the financing of European banks in the US branches.

Data from the European Central Bank on Wednesday showed that one bank borrowed $500 million in emergency loans from the European Central Bank last week. Since February this year, no bank has used the 7 day emergency liquidity project of the European Central Bank.

The last time a bank had used such an emergency liquidity project on a large scale was in May 2010, when the European sovereign debt crisis broke out, banks were busy asking for help from the European Central Bank.

The ECB did not disclose who the bank was, but it indicated that at least one bank had already had trouble with us dollar financing.

Facing sharp deteriorate Morgan Stanley released a report on Thursday that the ECB will not only stop the pace of raising interest rates, but also expect to cut interest rates from the current 1.5% to 1% next year. The investment bank expects the ECB to raise interest rates to 2% this year.

The day before, the US stock market passed a calm Wednesday, and the Dow Jones index repeatedly wandering between the positive and negative, and crossed the zero 37 times.

The US producer price index (PPI) released on Wednesday was 0.2% higher than expected two times. According to Roubini, "doomsday", this data shows that the United States will face hyperinflation.

For the Fed, this means that the threshold for the third round of quantitative easing (QE3) has increased. In fact, on Wednesday, two senior Federal Reserve officials gave speeches, all openly expressing their dissatisfaction with the recent monetary policy and putting pressure on the market.

The two officials voted against the last meeting of the monetary policy. Their comments also drew global investors' attention in the following Asian and European markets.

In Asia, the Shanghai Composite Index closed down 1.6% on Thursday, Hongkong's Hang Seng Index fell 1.3%, and the Japanese stock market fell 1.3%.

The US dollar is nearly 76.25 of the highest level since the Second World War. The yen's appreciation has also obviously affected Japan's economic recovery. Japan's July trade figures released on 18 showed that the trade surplus was still 91% lower than the level at the beginning of 2011, and the export decline in July also exceeded expectations.

At the same time, it also sharply lowered its forecast of the global economy, which will increase economic growth from 4.2% this year. Down regulation To 3.9%, next year's growth will be reduced from 4.5% to 3.8%.

The United States and Europe are "dangerously close to recession," said Mr Morocco. "Slow growth in Europe, inadequate response to the sovereign crisis in Europe, and the lifting of the debt ceiling dispute in the United States have brought pressure on financial markets and hurt business and consumer confidence".

Gold rose 0.9% to $1807 an ounce on Thursday. Gold's closing price of $1794 on Wednesday is another record in history. The driving factors include Venezuela's announcement of nationalization of the domestic gold industry.

But Wells Fargo said in a report the same day that speculators needed to push the price of gold to a bubble, and that the bubble was doomed to collapse. "Once the world dies down, gold may have significant risks."