(Ahlul Bayt News Agency) - In early morning trade, US and European stocks continued to drop as a marketing executive called the global investment a “war zone”.
In the US, the Dow Jones industrial average dropped by 35.49 points, while the Standard & Poor's 500 index went down by 0.1 percent to 1,139.52.
This is while the euro rose from Thursday's USD 1.4333 to USD1.4416 and the US dollar is still less than the Japanese yen, trading at 76.34 yen from Thursday's 76.58 yen.
London's FTSE and Germany's Dax were down over three percent, while France's Cac was down by 1.9 percent, adding to their previous day's drops.
Japan's Nikkei also dropped on Friday by 225 points, or 2.51 percent, while markets in Taiwan reached a 14-month low.
Eurozone countries have spent much of the past 18 months trying to battle their debt crisis.
So far, Greece, Ireland and Portugal have received bailout packages from the European Union.
/106
