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The dip came after major stock indices in Europe closed down sharply Thursday as investors jittered over Banco Espirito Santo, a leading Portuguese lender, which delayed payments on short-term debt.
The bank worries offered an excuse for investors to take money off the table when major U.S. equity indices neared record highs.
However, the market recovered part of earlier losses in later trading session, as investors were reassured by a pair of positive U.S. economic data which showed that the world's largest economy remained on track.
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The U.S. GDP contracted 2.9 percent unexpectedly in the first quarter with abnormally cold weather to blame in a large part.
Investors were also paying close attention to the new earnings season from which investors would garner any clues about how U.S. companies had been faring in the second quarter.
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The CBOE Volatility Index, often referred to as Wall Street's fear gauge, soared 8.07 percent to end at 12.59 on Thursday.
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Gold futures on the COMEX division of the New York Mercantile Exchange continued to move up Thursday as investors fled to safe- haven gold amid concerns over Portugal banking sector, with the most active gold contract for August delivery up 14.9 dollars, or 1.13 percent, to settle at 1 [url=http://www.cheapmlbjerseysmets.com/darryl-strawberry-jersey/]Darryl Strawberry Womens Jersey[/url] ,339.2 dollars per ounce.
The U.S. dollar recovered against most major currencies Thursday and snapped a three-day drop versus the euro after worries over the Portuguese bank spread in the euro zone.
In late New York trading, the euro fell to 1.3603 dollars from 1.3645 dollars of the previous session, and the British pound decreased to 1.7143 dollars from 1.7156 dollars.
by Grandesso Federico
VENICE， Sept. 9 (Xinhua) -- ""I never show everything or give all the details about the story because I want to allow space for the viewers to project their own personal experience and emotions onto the story，"" French director Stephane Brize said.
""Through this process， the spectator can make his own film. Then the face of an actor must not be the commentary on the story， but only the canvas of a painter where you can draw the emotions you want，"" said Brize when speaking with Xinhua about his movie Une Vie in competition at the ongoing 73rd Venice Film Festival.
Brize believes what is unseen is important and for this reason， he rarely likes to film his characters frontally.
The film is about Jeanne， an idealistic and ingenious woman in a world of ""wolves"" who ends up manipulated by everybody.
Brize directed The Measure of a Man which was presented at the 2015 Cannes Film Festival wherein the lead actor， Vincent Lindon， won the best actor award.
Une Vie was inspired by a Guy de Maupassant novel Brize read 20 years ago in which he developed a strong connection with the character of Jeanne， a 19th century nobel woman.
Re-reading the book， Brize understand that her inability to grow up was linked to her belief in the high potential of the individual and of humankind. A woman unable or unwilling to equip herself with the necessary ""defense weapons"" needed to deal with real life.
""In her inability to see evil and contradictions and to lie and do ugly things， she has an absolute beauty and purity but inevitably， this rare gift will also be her tragedy，"" the French director said.
Brize disclosed a very personal element， saying， ""In her incapacity to change her views on the world and on men in general， somehow， I recognize myself in part of my life and this is my main interest with dealing with this story.""
The director explained that the husband character， Julien， had lost his family fortune and at that time it was quite normal to marry someone for financial reasons. Jeanne's mother is seduced by her potential son-in-law and pushes Jeanne to marry him.
Maupassant presented the character of Julien highly unfavourably and presented him as someone who just wants to climb the social ladder and retrieve the fortune his family lost.
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