Dow Jones Industrial Average is ready for new marathon

Dow Jones Industrial Average will rise

In brief: Dow Jones Industrial Average is preparing for the next spurt of growth up and a marathon, the U.S. stock market will come in plus.

At the opening of stock trading in the U.S. 12 May 2010. expected to increase leading indexes. This is evidenced by the dynamics of futures on U.S. stock indicators. Ahead of the opening bell, Dow Jones industrial average futures rose 29, or 0.3 percent, to 10,738. Standard & Poor’s 500 index futures rose 4.90, or 0.4 percent, to 1,157.10, while Nasdaq 100 index futures rose 9.75, or 0.5 percent, to 1,945.00. At this point in time quotations of futures for the Dow Jones index rose by 37 points (0.35%), the index S & P – at 5.3 points (0.46%), the index of Nasdaq – on 4.75 points (+ 0,25%).

The Dow industrial average fell about 37 points Tuesday, though broader indexes were mixed. Rapid optimism generated by the 10 May this year news that the EU will create a stabilization mechanism of 750 billion euros, some slept and gave way to pessimism on the U.S. stock market on May 11. In the long run, market participants are still doubts that Athens, as well as other euro-area with a large budget deficit will be scheduled program, requiring the introduction of austerity measures, and to avoid debt restructuring. Currently scheduled to exit a number of statistical data on the U.S. economy, which will not leave investors indifferent. Thus, before the trading session will be published data from the Ministry of trade of the country on a negative trade balance the U.S. in March 2010. (Forecast of analysts – the value target for damage on 39.8 billion dollars). At 18:00 Moscow time, will report on commercial stocks of crude oil from 1 to May 7, 2010. Which may have an impact on the dynamics of quotations of energy companies, including oil Exxon Mobil, Chevron Corp., ConocoPhillips and oilfield Schlumberger.

U.S. stock trading may emerge quite favorable for gold mining companies Newmont Mining and Barrick Gold, its shares may rise in price amid rising gold prices. Meanwhile, interest for investors and will provide corporate news, including quarterly report of network equipment manufacturer Cisco Systems Inc., A financial report for media conglomerate The Walt Disney Co. and the results for the II quarter of the network of shops selling organic food Whole Foods Markets Inc. In addition, the course of the trading session may influence the information that, according to unofficial data, the insurance company AIG has been negotiating with the British Prudental Plc. on the adjustment of the conditions of the transaction in the amount of $ 35.5 billion for the sale of the Asian AIG unit of British Insurers.

Ukrainian Globalist
2010-05-12 13:38, Economics.

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