A terrorist attack on America sent shivers through global financial markets.(global markets after World Trade Center and Pentagon attacks)(Brief Article)(Statistical Data Included)

Economist (US), The, September, 2001

A terrorist attack on America sent shivers through global financial markets. The dollar plunged by 3% against the euro and the yen immediately after the attack. It later regained some of its losses. Trading was suspended on Wall Street, leaving stockmarkets around the world in a state of nervousness. The Nikkei tumbled by 6.6%, falling below 10,000 to yet another 17-year low. Many European shares also tumbled. Before the markets were shut in America, bad economic news had already left the Dow Jones down 4.3%, and the Nasdaq down 3.5%, since September 5th.

The economic outlook continues to deteriorate in America. The unemployment rate jumped to 4.9% in August, from 4.5% in July. Hours worked also fell by 0.4%, after dropping by 0.3% in July. The downturn seems...

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