U.S. and European stock market has experienced, "miserable" black week.

<P>: Http://finance. News, the United States introduced a series of unusual importance of weak economic data, re-evoke the market subprime crisis could spread to the overall U.S. and global economic growth concerns. .</ P> <P> three major U.S. stock indexes plunge across the board last Friday, the second time within a week there is the broader market fell more than 1% of the "tragedy." .</ P> <P> subprime crisis impact on global stock markets once again last week, focused show. .United States introduced a series of unusual importance of weak economic data, re-evoke the market subprime crisis could spread to the overall economic growth in U.S. and global concerns, to avoid risk, investors sold a lot of stock, dragging the United States and Europe last week reproduce " .high dive ", the major stock indexes have suffered the biggest since the end of 7 weeks of decline. .</ P> <P> stock market is the black one week </ P> <P> by August unexpected drop in payrolls and other bad news, the three major U.S. stock indexes plunge across the board on Friday also appeared the second time within a week .the broader market fell more than 1% of the "tragedy." .</ P> <P> 7 closing, the Dow plunged 250 points, or 1.9%, to 13,113 points, 30 stocks fell in 29. .On Wednesday the Dow tumbled 140 points also, week, slid 244 points, or 1.8%, to 7 at the end of last fall's biggest weekly decline since the market. .</ P> <P> Standard & Poor's 500 index fell 25 points last Friday, down 1.7% to 1454 points, the index is down 20 points last week, down 1.4%, the same month, the biggest weekly decline since the .will be taking away after three weeks of gains. .The tech-dominated Nasdaq also slumped 49 points, or 1.9%, to 2566 points, the index tumbled 31 points last week, down 1.2%, the first decline in three weeks. .</ P> <P> stocks, General Motors, Alcoa and the other led by Bear Stearns, the U.S. overall economic health is directly determines the general profitability of U.S. companies such as the number of aluminum, while the financial sector is sub- .debt crisis of the first victims. .</ P> <P> the end of trading earlier in the day European markets have also been implicated in all three major indexes fell about 2% of the closing, since the end of 7 rare. .As of last Friday's close, the CAC40 index in Paris fell 2.6%, London's FTSE 100 index fell 1.9%, 2.4% in Frankfurt DAX index diving. .Cumulative decline in the three major stock indexes last week, second only to the end of July. .</ P> <P> in Europe, is considered the most sensitive to the subprime crisis still bear the brunt of bank stocks, only 7 one day, Barclays Bank dropped over 4%, HSBC Holdings also fell 1.6%. .</ P> <P> Asian stock markets continued last week, shrouded in clouds into the U.S. economy, however, in addition to the major Japanese stock market closed out the week Yinxian, the majority of the stock market last week after two weeks of basic continuation of the strong, slightly .higher. .However, after the opening bell today, Asian shares expected to be under pressure. .</ P> <P> U.S. stocks fell on Friday released the same day direct fuse is a key employment report. .U.S. Labor Department report released the same day, August U.S. non-agricultural sector to reduce 4000 jobs for the first time since August 2003 decline. .The market had expected the month would be 110,000 new jobs. .Not only that, the Labor Department also revised down the March employment data 6,7. .Over the past 3 months the average monthly U.S. employment grew only 4.4 million, well below the monthly average from January to May increased by 14.7 million level. .</ P> <P> employment growth and retail sales, wages and industrial production data, determine the economic prosperity the United States are important indicators decline, the latest weak jobs data shows that subprime crisis could spread to the broader economy .areas. .</ P> <P> jobs in addition to the employment report, released last week, an important U.S. data at least two serious than expected. .6 Mortgage Bankers Association released figures show that the country's second-quarter subprime mortgage defaults a new high for the third consecutive quarter of record high refresh. .The previous day, the United States released the National Association of Realtors reported that U.S. existing home sales in July fell nearly 6 years to the lowest level, that the U.S. housing market outlook is not optimistic. .</ P> <P> with the property directly and indirectly related to the introduction of bad data in succession, adding to the community by the U.S. subprime crisis and global economy into recession concerns. .Bear Stearns and other Wall Street investment banks have warned that the U.S. recession risks are rising, UNCTAD has also published its annual report last week said the housing recession and financial market turmoil will be a serious drag on U.S. economic growth, the global economy will .Therefore involvement. .</ P> <P> the International Monetary Fund Managing Director Rodrigo Rato said on the 7th, subprime-induced turmoil in financial markets this year and next will be the impact of global economic growth, if the market can not stabilize in the coming months ., then the consequences may be serious. .He noted that the organization may substantially lower expectations for U.S. economic growth. .</ P>.