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BerichtGeplaatst: 05-11-2018 11:34:18    Onderwerp: Hayden Hurst Womens Jersey Reageren met citaat

NEW YORK Kamalei Correa Womens Jersey , Aug. 21 (Xinhua) -- U.S. stocks continued to plunge Friday, with the Dow Jones Industrial Average nosediving more than 500 points, as a broad-based heavy sell-off in global stock markets rattled nervous investors.


The Dow tumbled 530.94 points, or 3.12 percent, to 16,459.75. The S&P 500 shed 64.84 points Ronnie Stanley Womens Jersey , or 3.19 percent, to 1,970.89. The Nasdaq Composite Index sank 171.45 points, or 3.52 percent, to 4,706.04.


China stocks continued to slump Friday after the release of weak economic data Nico Siragusa Womens Jersey , with the benchmark Shanghai Composite Index diving 4.27 percent to close at 3,507.74 points.


The Caixin Flash China General Manufacturing PMI retreated to 47.1 in August from 47.8 in July, the lowest point since March 2009.


For the week, the Shanghai Composite Index sank more than 11 percent, the sharpest weekly drop since the week ending July 3.


European equities also ended sharply lower Friday following previous session's deep decline, with British benchmark FTSE 100 Index shedding 2.83 percent Tim Williams Womens Jersey , as traders were spooked by worse-than-expected Chinese economic data and a new election in Greece.


Adding more pessimism into the market, U.S. economic data came out weaker than expected. Financial data firm Markit reported Friday that U.S. manufacturers indicated a renewed loss of momentum during August.


The headline seasonally adjusted Markit Flash U.S. Manufacturing Purchasing Managers' Index dipped from 53.8 in July to 52.9 in August, the lowest level since October 2013.


Meanwhile, investors were still pondering over the ongoing uncertainty about the timing of an interest rate hike by the U.S. Federal Reserve.


Market analysts widely see September or even later as the most likely time for a Fed rate increase, which also dampened investor enthusiasm.


A renewed plunge in oil prices provided some downward jolts to the stock market too. The U.S. oil benchmark slid below 40 U.S. dollars a barrel in intraday trading for the first time since February 2009.


On Thursday, U.S. stocks suffered big losses amid mixed economic reports Chris Wormley Womens Jersey , with the three major indices on a three-day losing streak, as worries about a slowdown in global growth weighed on Wall Street sentiment.


In a weekly basis, the three major indices witnessed the worst week in nearly four years, with the Dow, the S&P 500 and the Nasdaq diving 5.8 percent, 5.8 percent and 6.8 percent Tyus Bowser Womens Jersey , respectively.


The Sochi Winter Olympics are meant to be Vladimir Putin's crowning achievement as Russian leader but are in danger of becoming a symbol of his country's problems.


When the Games open with great fanfare on February 7, the president will be there to revel in the unlikely feat of turning an ageing sub-tropical resort on the Black Sea into a glittering modern hub for a Winter Games in seven years.


He hopes the most expensive Games in Olympic history - summer or winter - will validate his role as Russia's supreme leader, unite the country behind him and show how far it has come since Soviet days.


"I would like the participants, fans, journalists and all those who watch the Games on television to see a new Russia, see its face and possibilities Marlon Humphrey Womens Jersey , take a fresh and unbiased look at the country," he told foreign and Russian media in Sochi.


But the preparations for the Games have also put the spotlight on Russia's problems, and the negative publicity has often drowned out the positive. Even though the facilities are now ready, his dream could still be shattered and immense damage done to his personal and political standing if they go badly.


For all his assurances that a "ring of steel" around Sochi will make the Games safe, security forces have spent the past week hunting for a woman who is suspected of planning a suicide bombing and may already be in the city.


His attempt to prove Russians are not homophobic by saying they like Elton John fell flat when the gay British singer responded by denouncing a "vicious" law Putin signed last year banning the spread of "homosexual propaganda" among minors.


Tales of corruption, outrage over his friends and allies winning lucrative Olympic building contracts Lamar Jackson Womens Jersey , worries about damage to the environment and reports of migrant construction workers being mistreated must be ringing in Putin's ears.


The Games' projected $50-billion price tag looks even more of a gamble now that Russia's economy has taken a turn for the worse in the past few months.


"The Games are nothing but a monstrous scam," said Boris Nemtsov, a former government minister who issued a damning report last year saying about $30 billion had vanished through embezzlement and kickbacks.


STUTTERING ECONOMY


When Putin almost single-handedly won Russia the right to host the Games in 2007, the economy of the world's largest country's was in overdrive, powered by high oil prices, after registering annual growth of over 6 percent in each of the previous four years.


But that was before the 2008-09 global financial crisis Hayden Hurst Womens Jersey , and the political and economic stagnation that has discouraged foreign investment in Russia during Putin's third term as president. Growth is expected to be only about 2 percent this year and Russian banks are starting to look badly exposed.


"I consider the bankruptcy of Russian banks that we are now seeing to be caused in no small part by attempts to promote the Olympics at the highest level," said Yevgeniya Chirikova, an opposition leader and environmental campaigner.


As Putin is so closely associated with the Games, and his legacy tied to their success, the stakes are high.


The 61-year-old former KGB spy, who has not said whether he will seek a new six-year term when his presidency ends in 2018 Maxx Williams Jersey , shows no sign of being worried by what he appears to consider background noise. His swagger, lost during big street protests against him in the winter of 2011-2012, is well and truly back.


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