European Debt Crisis Pressure &Nbsp; &Nbsp; Dow Low Down 0.16%

Despite the improvement in the US economic data, Eurozone debt crisis Investors are worried that the new development of the rating agency Moodie Investors Service said on Wednesday that it would review the Spanish sovereign rating and not rule out the possibility of downgrading. The three major indexes closed down.

As of 4:00 pm Eastern time, Dow Jones industrial average Down 18 points. Decline From 0.16% to 11458, the Nasdaq composite index fell 11 points, or 0.40%, to 2617 points; the standard & Poor's 500 index fell 6 points, or 0.51%, to 1235 points.

　　 economic data Aspect:

Data released by the Federal Reserve on Wednesday this week showed that industrial output in the United States increased by 0.4% in November. Data are better than market analysts' expectations. MarketWatch, an earlier market research firm, surveyed economists. They believe that the US industrial output increased by 0.2% in November.

In November this year, the US consumer price index increased by 0.1%. MarketWatch, an earlier market research firm, surveyed economists. They believe that the US CPI will grow by 0.1% in November, driven by rising fuel prices. In October this year, the overall CPI grew by 0.2%. Over the past year, the total CPI growth in the US has increased by 1.1%. Compared with the target of 1.6% to 2% of the Fed's regulation, it is still relatively low.

　　 Macro news:

The US Senate passed the overwhelming majority of votes passed by President Obama and Republicans to a total amount of US $858 billion, including the extension of the tax reduction policy and the unemployment tax relief act, so that the bill could be sent to the house of Commons for voting.

The result of the Senate's vote was 81 votes in favour and 19 votes against it. The bill will extend the tax cut policy that was last revised in the former US President Bush for two years. If the bill is not approved by the house of Representatives, the American payroll tax will be raised in January 1st next year.

The US Treasury Department said Wednesday that despite the fact that foreigners bought fewer U.S. bonds in October, China still held large US government bonds. This year, China's holdings of US government bonds rose to a record high in more than 900 billion US dollars in 11 months.

The US Mortgage Bankers Association (MBA) released a report that last week the total number of US mortgage loan applications declined, mainly due to the rise in mortgage interest rates. Last week, US mortgage interest rates rose for the fifth consecutive week, reaching the highest level in 7 months.

　　 European market:

Rating agency Moodie Investor Service said on Wednesday that it would censor Spain's sovereign rating and not rule out the possibility of downgrading. Spain's stock market plunged on that day and dragged down the European stock market. Although the trend of the stock transactions brought by the merger and acquisition of Novartis pharmaceuticals and news source group on the same day, the European stock index ended the upward trend of consecutive trading days, which fell by 0.40% on Wednesday.

The pan European Dow Jones index closed at 276.53 points on Wednesday, down 0.40%. The index closed at a high level since September 2008, but ended Wednesday's seven consecutive trading days.

Moodie, an international credit rating agency, has placed the AA1 rating of Spanish bonds on the down list. Moodie believes that Spain's central and local governments will face difficulties in financing the market next year due to the increase in market doubts. According to Moodie's prediction, the Spanish government needed to raise 175 billion euros through the market in 2011.

Wilbur Ross, the US billionaire private investor and the "king of bankruptcy reorganization", said he was close to the acquisition of Education Savings Bank, and he said he was interested in investing more in the country. He expects Ireland to overcome the existing sovereign debt problem in the next two years.