2011/1/11

Debt worries drag on European stock markets were mixed to close in New York

Europe, as investors worried about the spread of sovereign debt crises plagued the market again, 10 New York stock market suffered greater pressure throughout the day, At the close, the three major indexes were mixed.

On the New York stock market opened lower in line with overseas markets overall, mainly because of reports that Portugal, France and Germany are to press for its acceptance of aid, in order to avoid further expansion of the debt crisis. Although all parties deny the news, but this impact, the Portuguese 10-year bond yield rose to 7.16 percent the day was a record high.

Industry analysts have pointed out, Portugal, Spain and Italy were to sell bonds later this week, which is a severe test of market confidence, people are worried that once the problems of Spain and Italy, the EU will not have sufficient capacity to help them .

Nevertheless, the New York stock market decline in the new round of investor optimism about corporate earnings season is expected to support, under the narrowed significantly after midday. Alcoa will be announced after the closing day of the fourth quarter earnings report, which officially opened a new round of U.S. corporate earnings reporting season's curtain, investors optimistic about the overall performance of U.S. companies, hoping to see from the company's performance in More global economic recovery signal.