China Financial Daily

Recession fear over the global and stock market into a nosedive in oil prices with hiting record lowest
Encumbered by the major economies with the weak manufacturing data, just last week with a record 34-year in the largest week-increase the U.S. stock market plummeted again on the 1st.Similarly, there is damage in the bulk commodities, and crude oil is the first to be affected.

Recession worry occured again and Black Monday made Dow fall 7.7 percent
With the end of last week’s rebound, it is disappointing manufacturing data on Monday once again lighted the global economy investors to worry about a sharp slowdown in the U.S. stock market which suffered another “Black Monday”, and the the biggest one-day decline since October which almost took out of the half rebound in last week.

Stock is difficult to block strong U.S. dollars
States announced data which focus on negative economic and cast a shadow over the global recession. U.S. stocks plummeted, the Industrial Average Dow Jones fell 7.7 percent, almost the entire increas of last week exhausted. U.S. manufacturing index for November fell to a 26-year highest, while the euro zone and Britain’s manufacturing index also fell sharply.

Energy Financial stocks dragged down Dow
Because the U.S. government has decided to save the Citibank, investors bargained hunting in technology stocks, as well as the appointment of new minister of Obama, the U.S. stock market sharply went higher last week, the Dow Jones Industrial Average and the Nasdaq composite index rose 9.73 percent last week and 10.92%, even S & P 500 is up of 12%, the highest in 1974 as the highest single-week rise.