Oil prices rose trigger a global stock market correction

Oil prices hit record highs, increasing the market for consumer spending and overall economic outlook worries, triggering fears of inflation. U.S. stocks all fell Wednesday, the Dow by as much as 209 points, nearly a month for the largest decline. And yesterday, the stock market is full of Asia and Europe fell, including Nikkei Index fell 1.1 percent, nearly the same record the biggest one-month decline. The increase in U.S. crude stocks and the dollar all the way oil prices did not curb the trend of higher international oil prices on the 7th to break through 123 U.S. dollars per barrel mark, the highest hitting 123.80 U.S. dollars a barrel in history. This is the third consecutive day in international oil prices set records of transactions. Oil prices rose to the rise in the cost of production, but also sparked fears of inflation. Surveys show that investors have been the focus of attention from the energy, food price inflation to the issue, or will force the world's central banks to increase interest rates. Dutch bank analysts believe that the potential global economic crisis is to highlight the economic slowdown and growing inflationary pressures, which will also enable the world's major countries of the central bank review its interest rate policy. In addition, the U.S. Securities and Exchange Commission yesterday asked the Wall Street investment banks to disclose their capital and liquidity position. Earlier, the U.S. investment bank of such information is not released to the outside world. A U.S. asset management companies fund managers Kono said the market appeared to be worried that the United States for more loss of status. By the above factors, on the 7th U.S. stocks also fell, reaching the largest decline within a month. The Dow Jones industrial average closed down 206.48 points at 12814.35 points, or 1.59 percent. The Standard & Poor's 500 index was down 25.69 points at 1392.57 points, or 1.81 percent. Yesterday, the Asia-Pacific region stocks were also generally down. Japanese stocks closed level of its largest decline in a month. The Nikkei 225 index fell 159.22 points, or reach 1.1 percent, at 13943.26 points. Market worried that the U.S. investment bank in the new disclosure requirements will find more of the credit market losses, financial stocks down significantly. In addition, Singapore, Hong Kong, the Taiwan stock market are different degrees of decline. European stock markets set the previous four trading days, the highest since closing price. In late yesterday, the Bank of England and European Central Bank to leave interest rates were announced at 5.0 percent and 4.0 percent unchanged, some investors are disappointed, but also to make the market cautious. European stock markets closed yesterday down immediately, Britain's FTSE 100 index fell 0.7 percent, to close at 6219.6 points, the German DAX30 index fell 0.8 percent, to close at 7019.26 points, the French CAC40 index fell by 0.9 percent, to close at 5032.01 points.