Eurozone Crisis Set to Worsen After Falling Stocks


Eurozone Crisis Set to Worsen After Falling Stocks

Recent reports have revealed there might be a weak opening expected for equities on the Wall Street at the beginning of this week. It was further added that the NASDAQ 100 and the Dow Jones have slumped to open at position lower by 1.3% and 1.2%, respectively.

It was revealed that Best Buy C. the Electric retail firm will buy Carphone Warehouse group for a sum of $1.3 billion.

This will be done in order to garner attention and support for the mobile phone deal, leaving aside European chain of megastores at the moment.

It was added that General motors have set to double the record by 5 million products in China till the year 2015. They are struggling against all odds, like the slow growth in the auto market right now.

There shall be a consumer credit issued by the Federal Reserve and the analysts are of the view that the $5 billion might soon see a rise even after the humongous $9.5 drop that was recorded in August.

It was also revealed that there was a fall in the European shares by 1.7%. This raised further turbulence in the Eurozone which is already undergoing its worst financial time, and there are rumors of Rome and Italy being dragged in to the crisis.

It was revealed by George Papandreou, the Prime Minister of Greece that an international is set in action. The details for the same have been kept private, because there are major issues engulfed in the debt crisis of the eurozone.

As for the stocks of the US, there was a fall witnessed this week, after almost a month full of steady gains. There was a drop of 0.51% seen in the Dow Jones and Standard and Poor saw a fall of 0.63%.

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