Dow Jones fell and shattered confidence in the stock markets of the world

Dow Jones Industrial Average made its dirty work

In brief: Dow Jones Industrial Average fell into a coma, now the world's stock market will follow the example of the leading U.S. index - considered by experts and analysts.

Dow Jones Industrial Average was weaker than many expected. American index has shown the world that the strong may not withstand a recession, which again took control over markets. Dow Jones Industrial Average lost 1 percent, the rest can lose much more. Bidding on most stock exchanges in Asia on Wednesday, May 19, will be demonstrating against falling of quotations on the outcome of trading in the U.S., prices for raw materials, as well as the situation in the euro area.

Recall that trading in the U.S. on Tuesday finished lower indices. Investors are still unable to gain confidence in the future because of debt problems in Europe. The pressure on the market today also had a drop in euro to a new 4-year low against the dollar. As a result of trading the index of “blue chips” Dow Jones Industrial Average fell 114.88 points or 1.08%, to 10,511 points. The index of wide market S & P 500 closed lower by 16.16 points or 1.42%, at around 1121 points. “High-tech” Nasdaq Composite closed down 36.97 points fall on, or 1,57%, at around 2317 points. The price of oil on Tuesday fell to a seven-month minimum against the growth rate of the dollar against the euro. The June futures for delivery of petroleum of mark WTI have fallen by 1% to $ 69.41 per barrel. This is the lowest closing price since 29 September, when the cost of black gold fell to $ 66.71 per barrel. Traders are also awaiting data on oil stocks and oil in the U.S., which will be released on Wednesday. According to the forecast Platts, reserves of black gold last week rose by 0.95 million barrels, while distillate stocks – at 0.94 million barrels. Gasoline stocks are projected to fall to 450 thousand barrels. Gold prices on Tuesday 18 May fell slightly, as many players stayed away from the market after the eve of the yellow metal reached a record high. As a result of the regular trading session on the New York Mercantile Exchange, NYMEX, the June futures on gold supply declined by 1.1% to $ 1,214.60 per troy ounce. The July futures for delivery of silver rose $ 0.02 to $ 18.88 per troy ounce. The July contract on delivery of copper rose by $ 0.10 to $ 3.031 per pound. Under the combined effect of the appreciation of the euro and investors buying up stocks at low prices on Tuesday on most major stock exchanges Asia-Pacific region were recorded multidirectional movement of stock price.

Anrey Torbinski
2010-05-18 22:40, Economics.

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