Daily review 11/08/11
The leading indices on Wall Street were closed yesterday in sharp declines which increased towards the end of trading on fears on the spread of the debt crisis in Europe to France and possible download in the state ranking.
Wall Street imitating yesterday’s rise, Dow Jones fell 4.6%, the Nasdaq plunged 4.1% and S & P 500 lost 4.4%; fear index rose by 23%, Goldman Sachs: "increased probability of the Federal Reserve would begin third quantitative easing program".
Rating agencies S & P, Moody's and Fitch confirmed last night the perfect debt rating of France at AAA after yield on CPI of France climbed on fears debt crisis in Europe.
Today will be publishing the trade balance in Canada and the U.S- Difference in value between imported and exported goods and services during the reported month.
Another important data today is the Unemployment claims- The number of individuals who filed for unemployment insurance for the first time during the past week.