Dow Jones Industrial Average: a sharp rise could turns into a global decline

Dow Jones is weakening by the minute

In brief: Increase Dow Jones Industrial Average more arouse the vigilance of the bulls, who came to the U.S. stock market trades with excessive optimism.

Dow Jones Industrial is located in the red zone, but drop the index remains insignificant. At the time Dow Jones is 10,161.27 points. The fall index was -11.26 points (-0.11%). To forecast for today’s stock trading in the U.S. should pay attention to statistics. The index of consumer confidence in the U.S., according to preliminary data, in June 2010. rose to 75.5 points from the May value of 73.6 points. This information is presented in a report released today, University of Michigan. Analysts had expected the index would be 74.8 points.

Also worth mentioning unpleasant incident in the international insurance market. lava one of Britain’s largest insurance companies, RSA John Napier addressed an open letter to U.S. President Barack Obama in which he condemned his remarks against the British energy company British Petrolrum (BP) and its executive director. Napier called the comments of the White House “prejudiced and biased”, but did not deny that BP must assume the full burden of responsibility to the United States and to take all possible measures to contain the oil spill and eliminate leaks, transmits television channel Sky News. Head of RSA said that the current executive director of the oil company Carl-Henric Svanberg has done everything in his power, thus showing their personal concern. He took the hit and did not take refuge in his office, having gone willingly to negotiate with U.S. authorities. Napier reminded of what caused the damage western economies “irresponsibility and boundless greed” of leading U.S. banks, and also noted that “the elimination of leakage takes time, but to resolve conflicts in Afghanistan and Iraq, it will take much longer.” Summing all the arguments, he suggested that the unfriendly remarks of U.S. President have a more complex background. “All these attacks are taking place, because BP – British company”, – said the head RSA, accusing the U.S. president to follow double standards. “The development of deepwater oil fields was endorsed by the U.S. as part of a state strategy aimed at ensuring the country’s energy needs. Also in the area of foreign policy has been endorsed by a number of other initiatives in key areas where we all stand shoulder to shoulder” – said the letter sender. Napier concluded that Barack Obama, and K. Svanberg, faced with new risks in the framework of existing policies, but because it was best to look for a way out of this contradictory situation. Earlier today the head of BP K. Svanberg was invited to the White House USA. A letter written to the head of BP chief U.S. Coast Guard Admiral Thad Allen. At this meeting, which will be held on June 16, will an American president Barack Obama.

Igor Tringlers
2010-06-11 14:37, Economics.

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