Dow Jones Industrial Average may change the growth for substantial collapse

Dow Jones Industrial may fall to a minimum

In brief: Dow Jones Industrial Average may fall amid rising investor interest in commodities market. The level of support remains relatively low by the bulls.

Dow Jones Industrial Average is on a slippery foothold. Bears are confident in today’s victory against the collapse of the Japanese and all Asian markets. Bulls on the Dow Jones Industrial index fear the growth of commodity markets. European stock markets fell on Tuesday on continued European debt crisis, the pressures on the restoration of the world economy.

Defined There is a very volatile situation with the global economy “, – said Richard Jeffrey, chief investment manager of Cazenove Capital Management in London. “We saw that there was a general formation of V-shaped recovery. But whether it is a V-shape simply a reflection of what happened in the past?” Does it mean about the future, or it is more likely an exaggeration? The banking index DJ EURO STOXX BANK following Tuesdays is 151.48 (-1.23%). BNP Paribas Securities fell 2.83%, Societe Generale at 2.16%, Lloyds at 4.08%, Barclays at 3.27%, Deutsche Bank at 0.45%. Major European indexes at the close of the previous trading session: FTSE 100 – 5,028.15 (-0.81%); DAX 30 – 5,868.55 (-0.62%); CAC 40 – 3,380.36 (-0.98%). Futures DJ STOXX 50 in the morning before the opening of trading in Europe amounts to 2,521.00 (+0.84%). European stock markets to open growth. European index of “blue chips” FTSEurofirst 300, yesterday fell to 980.35 (-1.02%). As a result of the previous day’s yield US 10-year T-Note is 3.19% (+0.043%). Yield of 10-year German Government Bonds is 2.51% (-0.005%) compared with the previous day. Yield of 10-year U.K. Government Bonds is 3.47% (-0.025%) compared with the previous day.

Oil futures in early morning electronic trading on growing expectations falling inventories and supply of petroleum products in the U.S. “We did not observe any large fluctuations, – said Peter Donovan of Vantage Trading in New York. – It is evident that concerns about debt in Europe is still present, but we are more focused on reducing inventories. It is expected that we will see positive indicators”. Mark Brent Oil (NYMEX) in morning electronic trading at 72.39 (+0.12%) and the American crude oil WTI (NYMEX) 72.42 (+0.60%). Gold futures in the morning at 1239.70 (-0.47%). Commodity Index CRB Index on the basis of past trades is 250.08 (+0.44%). Foreign Exchange in morning trading characterized by lower U.S. dollar against the stabilization of the situation on financial markets and expectations of the opening of Europe in the black. The dollar index ICE, which reflects the value of the U.S. currency against the trade-weighted basket of other currencies, is 88.19 (-0.04%).

Forecast of today:

In our opinion today, the U.S. dollar will decline, under pressure due to the growth of the positive investor sentiment. Movement will obviously be in line with the current consolidation. Dow Jones Industrial Average regained strength and began to grow after a long fall. Stock trades in the U.S. opened on a flat line. U.S. stock trading opened today fletovoy lines on the background of statements by Ben Bernanke about the stability of the restoration of the American economy and the growing confidence of small businesses. Now Jones Industrial Average rose +54.42 (0.55%) to 9,870.91 points, the index of Nasdaq – on 0,11% to 2,176.27 points and the S & P 500 – by 0.10% to 1,051.52 points. Good news came today from the market of high-tech U.S.. Microsoft is planning to bail out $ 1.15 billion during the implementation of reversible bonds to institutional investors for the payment of debts of the company. The senior notes maturing in 2013 can be converted into shares, cash or divide into two types. In addition, Microsoft is ready to issue additional notes of $ 100 million in the case of a large number of applications. To avoid stock split after the treatment in their bond company intends to use the threshold-call transaction if the price exceeds the projected level.

Ukrainian Globalist
2010-06-09 15:26, Economics.

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