Fears of weakening global growth market again demonstrated through the European business activity is weakened so that the risk of a recessionwill occur in the region.
Therefore, today (Thursday, 23/02) 'major currencies' including the single currencyEuro look is still burdened by the service sector and the manufacturing PMI showedthe euro zone is still the level of contraction. While some other PMI data fromGermany and France are surprisingly also showed a slowing business activity.
Worsening economic fundamentals suggest that the eurozone economy increasinglyat risk of falling into recession. Such concerns also have a direct impact on the trading floor of the world. Hinder part of the banking sector stocks rally on WallStreet due to market increasingly worried about the crisis spreading to other countries of Europe.
Even the banking stocks in the S & P 500 recorded the worst performance becauseinvestors are worried about the weakening euro zone growth will impact on a country's debt so the banks and then focus on the debt and raises concerns that ledto kirsis.
In addition to the five major world currencies, stock markets in Asia may also still be colored by a sell-especially in the banking sector due to concerns earlier. Besidesoil prices skyrocketed and was recorded over the $ 106 level also gave concern to the industrial sector so that it will also contribute to slowing economic growth.
