The data showed that manufacturing activity in China, Europe and the United States further slowed down, highlighting concerns about a weaker global economic growth. Global stocks fell 2% on Thursday and Brent crude fell to its lowest level in 18 months. Disappointing data was released a day after the Fed decided to extend its monetary stimulus plan to promote the US economy. The price of gold fell by 2.5%, almost completely erased the increase during the year, while the exchange rate of the US dollar against each major currency gained the biggest increase in more than three months. The Fed’s decision yesterday disappointed foreign exchange investors, who had hoped that the Fed would adopt a more radical policy. According to the survey, business activity in the entire Eurozone contracted for the fifth consecutive month in June, and China's manufacturing activity also shrank. At the same time, weaker overseas demand also showed signs of slowing in US manufacturing. These data cast a shadow over the world economic outlook and exacerbate concerns that the European debt crisis may be associated with slower growth in the United States and Asia and the economy around the world. A similar survey conducted by HSBC on China's private sector economic activity found that manufacturing contracted for the eighth consecutive month in June due to falling export demand. It is widely expected that as China feels the impact of the eurozone debt crisis and the pressure on domestic demand for real estate regulation, the world's first populous country will continue its economic growth for the sixth consecutive quarter in the quarter from April to June. Slowed down. In the oil market, Brent crude fell for the fourth consecutive trading day, closing at its lowest level in 18 months. Brent crude oil for August delivery closed at $89.23 a barrel, a decrease of 3.7%, making it the lowest-priced contract for Brent crude oil delivery contracts since December 1, 2010. At the same time, the New York Mercantile Exchange August delivery crude oil futures closed at 78.20 US dollars per barrel, a drop of 4%, which is the lowest transaction price of US crude oil near-month delivery contract since October 4, 2011. The US dollar index, which measures the exchange rate of the US dollar against a basket of currencies, rose 0.8% to 82.24. Gold spot prices fell 2.5% to $1,566 per ounce. After new data from the US and China on Thursday pointed to a significant slowdown in manufacturing activity, investors rushed to withdraw funds from the stock market. The Dow Jones Industrial Average plunged 251 points that day, becoming the second-largest single-day drop in the year. Under the leadership of energy and materials stocks, the entire stock market was sorrowful. The Dow Jones index began to fall after 10 am, when the Federal Reserve Bank of Philadelphia issued a report saying that manufacturing activity in the northeastern United States has shrunk significantly. Until the close, the stock market has been in an accelerated decline. Yuri Landsman, president of hedge fund PlatinumPartners, said: "The news on the market is frightening and the US economy is slowing down. There is no doubt that China's growth is growing." As time goes by, bad news comes one after another. . Shares in the mining and other raw material manufacturing companies also fell sharply after falling prices of commodities such as copper and oil. Goldman Sachs analysts advise customers to short these stocks. The Dow Jones index closed at 12,573.57 points, down 2% on the day. The latest data on the slowdown in China's manufacturing industry is disturbing because the Chinese economy has helped drive global economic growth over the past four years. China is a major importer of copper and other raw materials. The Standard & Poor's 500 index fell 30.18 points to 1325.51 points, a drop of 2.2%. The Nasdaq Composite Index fell 71.36 points to 2859.09 points, a decrease of 2.4%. The three major stock indexes all retreated the gains earlier this week. The blown confidence of investors in the morning is just the latest reason for people to withdraw funds from the stock market. Earlier in the day, the Labor Department reported that the average number of people applying for unemployment benefits rose to the highest level since September last year, which has been closely watched by economists. The National Association of Realtors also reported that sales of second-hand homes fell by 1.5% in May.
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