Stock market outlook for week august 22 2011

Indonesia stock info - Stock market outlook for week august 22 2011 ; The sharp drop in the equities market comes amid a period of high volatility that has been accentuated by low trading volumes, concerns over the euro zone sovereign debt and its potential impact on the banking sector, and recent data that has economists lowering their outlooks for global economic growth.

The U.S. declines came after sharp losses in European and Asian markets. The Stoxx Europe 600 slumped 4.8%, and Germany's DAX index plunged 5.8%. Asian bourses also fell; Japan's Nikkei Stock Index ended down 1.3%, to a five-month low, while China's Shanghai Composite declined 1.6%.

European banks led the declines, in part after The Wall Street Journal reported that U.S. federal and state regulators were intensifying their scrutiny of the U.S. arms of Europe's biggest banks, worrying about spillover from Europe's debt crisis into the U.S. banking system. Societe Generale fell 12% in Paris, Intesa Sanpaolo dropped 9.3% in Milan, and Barclays was off 11% in London.

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