Gold prices rise, Dow Jones Industrial Average is in panic

Dow Jones Industrial falls down every minute at the U.S. trades opening

In brief: The level of support Dow Jones index was very weak. Bulls did not come up for sale after the celebration of yesterday's victory.

Dow Jones Industrial Average starts trading at th U.S. stock market volatily. Dow Jones Industrial Average began to drop after the opening of volatile trading. Now Dow Jones index is at the level of 10,096.88 points. The general trend is very negative. Red Zone, from which the Dow Jones ran away the last few days, crushed the index against the bearish trend.

Besides, the gold price climbed $6.87 to $1,223.12 Friday morning as the price of gold showed its resiliency in the face of the higher euro against the U.S. dollar. Strong gold made Dow much weaker at the opening of the U.S. market. Dow Jones Industrial Average falls faster and faster. Meanwhile in Europe, Frankfurt Stock Exchange index Xetra DAX fell 38.14 points (-0.63%) and at the level of 6018.45. Index of London Stock Exchange FTSE 100 rose 4.68 points (+0.09%) and is located at the level of 5137.18. The June futures on the S & P 500 on Globex fell by 4.9 points and is 1074.6. Opening of the American stock indexes are now expected to bottom. The euro / dollar raised at the European session to the level of 1.2149. Subsequently, however, the course fell sharply and reached 1.2084. The pressure on the euro / dollar rate had orders to sell the euro to the players on the market options, as well as weak economic data in the U.S., which reinforce the concerns of investors about the pace of recovery of the world economy. While the euro remains at high levels. Positive influence on him by the results of auctions on placement of Spanish, Belgian, Portuguese and Italian government bonds, which have shown a high demand for securities by investors. Pound / dollar fell to 1.4572, the euro / pound rose to 0.8306 marks. Pressure on the pound today have weak data in the UK. Industrial Production Index (Industrial production) in the UK on April -0.4% for the month, +2.1% for the year (forecast +0.4% for the month, +2.3% for the year, the previous value of +2.0% for the month, +2.0% per year). Index of industrial production in manufacturing industries (Manufacturing output) in the UK on April -0.4% for the month, +3.4% for the year (forecast +0.5% for the month, +3.9% for the year, the previous value of +2.3% for the month, +3.3% per year). The index of industrial prices “downstream” (PPI Output) in the UK on May +0.3% for the month, +5.7% for the year (forecast +0.5% for the month, +5.8% for the year, the previous value of +1.4% for the month, +5.7 % per year).

Anrey Torbinski
2010-06-11 13:42, Economics.

News on: , , , , , , , , , , , , ,

One comment к “Gold prices rise, Dow Jones Industrial Average is in panic”

  1. panic much Says:

    Don’t crap your pants just yet.

    Talk about sensational writing. Can you be more dramatic?

Post a comment

E-