Friday also didn’t prove good for the financial markets worldwide as the released data clearly showcased the slower economic growth, which further raised concerns over the ability of banks and governments to cope with their balance-sheet problems.

Friday cited steep declines in Asia and Europe markets. The declines did not stop there because the affect of same was also seen on the Wall Street, where stocks opened with bigger losses. Though trading session started with bigger losses, the markets saw slight wavering between gains and losses.

"I think it is this wrestling match between the fear and paranoia that drove the market yesterday, and people realizing stocks are really cheap here and bargain hunting", Uri Landesman, President of Platinum Partners said.

Undoubtedly, the euro zone and global economic growth has severely overshadowed the financial markets but still the analysts and the investors are hoping to see some gains throughout the trading session.

The reports further confirmed that on Thursday noon, the Standard & Poor's 500-stock index lost 4.5%. Also, it was noted that the Dow Jones industrial average cited a fall of approx 20 points, or 0.2%. On the other hand, the Euro Stoxx 50 index was low by 2.1%, the FTSE 100 in London cited a fall of 1% and the CAC 40 in Paris was nearly 2% low.