Dow Jones Industrial Average will avoid the collapse today

Dow Jones Industrial Average is waiting foe bulls Rally

In brief: Dow Jones Industrial Average will be in the green zone today. These statistics are pleased buyers, the bulls are preparing a new assault.

Dow Jones Industrial Average increases in the range 0,4 – 0,7%. The level of support Dow Jones Industrial from the bulls remained stable. At the opening of stock trading in the U.S. 15 June 2010. expected to increase leading indexes. This is evidenced by the dynamics of futures on the leading stock market indicators. Now the quotations of futures for the Dow Jones index rose by 50 basis points (0.49%), the index of Nasdaq – 11 points (0.6%), the index S & P – 6 points (0.55%).

So, the index of business activity in the industry FRB of New York in June was 19.57 points, expected 20 basis points, the previous value of 19.11 points. Investors’ attention will be riveted to the news today in the national economy. In particular, today the planned publication of a number of important statistical data that can determine the dynamics of quotations on American exchanges. Prior to the beginning of the trading session will report to the Labor Department on prices of imported goods in May 2010. Analysts predict that this figure relative to the previous month increased by 0,9%. Even after the start of the trading session are data from the Ministry of Finance of the country’s net inflow of capital into the U.S. in April 2010. Against this backdrop, investors’ concerns about the debt problems of the eurozone countries, which put pressure on the quotes on European trading floors, on the backburner. Yesterday the international rating agency Moody’s Investors Service downgraded the rating of government bonds Greece from A3 to Ba1 and short-term credit rating of Greece with Prime-1 to Not-Prime. In addition, Moody’s downgraded the credit rating of Athens from A3 to Ba1 with “negative” outlook. “Lowering the credit rating of the consequence of lowering of Greece’s sovereign rating from A3 to Ba1. It reflects the growing uncertainty about how to affect the economic reforms of the Greek Government on the finances of the city,” – explained one of the heads of Moody’s Thomas Amenta.

Meanwhile, market participants will pay attention to information that the British satellite operator British Sky Broadcasting Group plc. (BSkyB) rejected the proposal of the American media companies News Corp. Redemption full control over the company for 7.8 billion British pounds (9.4 billion euros). Representatives of BSkyB said that the sum of suggestions understated. “Independent members of the board of directors unanimously agreed that between the value of the company and the size of the proposal is a significant discrepancy,” – said in a press release BSkyB. Against the background of higher prices for “black gold” can take up quotes major energy companies, including ExxonMobil, Chevron, ConocoPhillips and oilfield Schlumberger. At the same time, there might be unsuccessful bid for the British company BP, whose shares are traded on the New York Stock Exchange on the background information that the international rating agency Fitch Ratings downgraded the issuer default rating of the British company BP with AA to BBB. Favored there might be bidding for the largest U.S. chocolate manufacturer Hershey after the company reported that adjusted earnings per share in 2010. range from 2.47 to 2.52 dollars, which coincided with forecasts of analysts.

Ukrainian Globalist
2010-06-15 12:56, Economics.

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