Analysts predict the collapse of Dow Jones Industrial Average

Dow Jones Industrial Average can start trading with a significant decrease

In brief: Dow Jones Industrial Average goes up for sale the U.S. stock market in the doldrums. Terrible reports and news coming from China and Europe.

Dow Jones Industrial Average returns to the market after a prolonged weekend. The level of support for Dow Jones from the bulls is negligible. Bears are preparing to storm the new minimum. Stock market U.S. froze in anticipation … Thus, investors were disappointed with the new data from China, which showed a reduction of index PMI CFLP in May to the level of 53.9 against 55.7 in April. A few hours later came out statistics from European countries. The problems in Europe have increased the overall negative market.

At the moment of time DJIA is 10,079.16 points. Dow index lost 60.76 points (-0.60%). Thus, the April unemployment rate in Europe has risen to 10,1% against 10,0% in March. Final figures PMI in the manufacturing sector in Germany and France in May dropped to 58.4 (against 61.5 in April) to 55.8 (against 56.6 in April), respectively. Today, investors also scared new “horror stories” from international rating agencies. S & P issued a release, which indicated that this year or next may be another decline in the housing market in the EU. And Fitch Ratings has indicated an alarming situation in the labor market of Spain and the current size of the proposed borrowing, drawing attention to the stagnation of restructuring the banking sector in the country. These news EUR / USD pair had fallen to the new minimum values in April 2006, reaching a level of 1.2110. The total economic negatives, coupled with the strengthening of the dollar has collapsed, oil prices: Brent $ 71,75 / bbl (-4%). We are waiting for a block of data from the U.S.: the cost in the construction sector and the May ISM manufacturing sector (forecast: 60.0). Later comes the May index of manufacturing activity in the area of the FBI in Dallas.

Ukrainian Globalist
2010-06-01 13:52, Economics.

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One comment к “Analysts predict the collapse of Dow Jones Industrial Average”

  1. Steve Says:

    Your English is being too much horrible to be making of any point!

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