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June 2nd, 2012 
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US jobs slump and eurozone fears send global markets into tailspin
The Guardian – Billions were wiped off stock markets across the world on Friday as investors took fright at mounting evidence that US economic recovery had stalled while political paralysis in the eurozone was hastening a global economic downturn. News that just 69,000 jobs were created in the US last month, the lowest figure for a year, increased fears that weak demand from crisis-hit Europe is hitting businesses thousands of miles away. The Dow Jones index ended the day down over over 277 points, its worst fall for the year, wiping out all the gains it has made in 2012. In London the FTSE100 closed down more than 60 points at 5260.19, its lowest level since November last year, while eurozone bourses fell even harder with the German DAX index down by more than 3.4%, and the French CAC losing 2.2%. Read Article
Tags: 2nd Great Depression, Asia, Europe, financial system, North America
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