Asian market rises but US economy falls down
Posted on February 4, 2008
Filed Under Economy |
The markets of Asia, to realize large profits, as the Wall Street met Monday through Friday in advance of buying stocks, although many were concerned, the recovery could be short-lived because of concerns health of the American economy.
The Dow Industrials 0.7 percent rose on Friday as investors cheered Microsoft Corp’s command of the Internet company Yahoo Inc. and a possible rescue operation of the fidelity bond, disturbed, the lifting of the concerns Following a series of economic data.
The laboratory Department reported that the American economy lost 17,000 jobs during the month of January, the first marker for the contraction of the labour market over four years. Economists surveyed by Thomson IFR had expected a gain of 70000 jobs.
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