Fears Of A US Recession Exacerbate &Nbsp; New York'S Oil And Stock Market Tumbled

Investors may be worried about a new round of the global economy. decline On the 22 day, the three major indexes of New York stock market. Setback More than 3%.

On the 21 th, the US Federal Reserve launched the "short cut long operation" on schedule, selling short-term treasury bonds totaling $400 billion and buying long-term treasury bonds to stimulate economic growth by lowering interest rates. The plan is basically consistent with previous market expectations, and the amount exceeded the market expected $300 billion, but still did not bring the market to boost.

Meanwhile, the Fed's pessimistic view of the economic outlook in the statement increased investor sentiment. Recession Worries. The statement said that the US economy is facing huge downside risks and the recovery rate of the job market will be very fast. slow 。

In terms of economic data, the US Labor Department released data showing that the number of initial jobless claims decreased by 9000 last week, but remained at a high level of more than 420 thousand.

In addition, the debt crisis in the eurozone is still growing, and investors are still worried about the financial situation in the eurozone. Data show that other countries outside the United States are also at risk of the two economic recession. The 22 German and French purchasing broker index released in September dropped to a low level since 2009. HSBC's China purchasing broker index fell for three consecutive months.

At the close of the New York stock market, the Dow Jones Industrial Average Index of 30 industries fell 391.01 points over the previous trading day, closing at 10733.83 points, or 3.51%. The standard & Poor's 500 stock index fell 37.20 points to 1129.56 points, or 3.19%. The Nasdaq composite index fell 82.52 points to 2455.67 points, or 3.25%. {page_break}

Fears of recession exacerbate New York's oil price drop by more than 6%

Affected by the US Federal Reserve's pessimistic outlook for the US economy and the unfavorable economic data from Europe and America, investors are worried about the global economic recession, and the international oil price has plummeted on the 22 day, and the oil price of New York has dropped. Decline More than 6%.

On the same day, the crude oil market was selling badly and the funds flowed out. Although the Fed announced 21 days to sell short-term bonds and buy long-term bonds to lower long-term interest rates and stimulate economic growth, it failed to effectively boost market sentiment. On the contrary, the Fed's pessimistic judgement on the US economy weighed heavily on the market. The Fed said in a statement, "the US economy is facing huge risks" and "the recovery rate of the employment market will be very slow", which exacerbates investors' worries about the recession of the US economy. Soros, a famous investor, even believes that the US economy is going through a recession.

The U.S. Labor Department released data released on the same day, the United States last week, the number of initial jobless claims decreased by 9000 people, but still maintained at a high level of more than 420 thousand people, can not alleviate market concerns.

Meanwhile, the euro area purchasing managers index for September dropped to below 50 for the first time in two years, showing that the manufacturing sector in the euro area has shrunk while the German Purchasing Managers Index in Europe's largest economy has dropped to its lowest level in 26 months. Coupled with the debt crisis, the European economy is also facing the risk of a huge recession, and the global financial market has seen a full decline.

In addition, the high risk aversion of the market has pushed the US dollar higher and has gained about 1.5% of the package currency. The strong dollar also exacerbated the decline in oil prices.

By the end of the day, the New York Mercantile Exchange's November light crude oil futures price fell $5.41 to close at $80.51 a barrel, or 6.30%, the lowest closing price since August 9th. Beihai crude oil futures for November delivery, Brent crude oil futures, fell $4.87 to close at $105.49 a barrel, or 4.41%.