We haven't seen a session so negative in Wall Street in three months. The investor's disappointment with the weekly unemployment data and the ISM, which show a weak recovery, prompted the Dow Jones to close 2.09% negative, the Nasdaq to lose more than 3% and the S&P500 to lose 2.58%.The unemployment rate in Japan dropped in August to 5.5%, after the historical high in July (5.7%). Still, the Nikkei fell 2.5%, due to the investor's fears about the weak US economic recovery.
The European stock markets are negative, with the CAC40 and the Ibex35 leading the declines at 1.37% and 1.24%, respectively. The DAX is losing 0.92% and the FTSE 0.75%.