Global stock markets at the end of week in deep depression

NEW YORK: Declining economic indicators and increasing unemployment has once again overtaken the stock markets all across the world in the grip of deep depression at the end of the week today.G-20 meeting last week failing to come up with any positive result impacted negatively stock markets all over the world, which was seen visible at the outset of the trading today, as Dow Jones and Nasdaq recorded 5 percent decline at the end of the week.US stock market during the week tumbled down to its history’s 11-year lowest levels in the wake of the fears of car manufacturing US companies going bankrupt and Citibank downsizing of over 50,000 of its employees