Dow Jones Industrial received the nasty surprise from oil and collapsed

Dow Jones Industrial Average intends to approach the minimum losses

In brief: Dow Jones Industrial Average saw no support from the good news out of Asia. Bulls await better times.

Dow Jones Industrial Average lost -24.79 points or -0.24%. Falling Dow Jones impact on the mood of buyers of the world’s stock market. New challenges for Dow Jones came from the oil market. Commercial stocks of crude oil in the U.S. for a week from 5 to 11 June 2010. rose by 1.7 million barrels. and amounted to 363.1 million barrels., according to a report of the Ministry of Energy.

Analysts had expected stocks to decline 1.2 million barrels. Moreover, we offer see the following economic statistics: UK jobless claims were reported to have fallen by 30,900 in May, which was ahead of projections. US housing data that also came out today turned out to be negative, showing a 10% decline in housing starts to an annualised 593,000 in May and building permits fell 5.9% to an annualised 574,000. Also, Chancellor George Osborne today announced significant changes to the UK’s financial regulatory system, giving more powers to the Bank of England, which will now have more control over macro-prudential and micro-prudential regulation Dow is at the level of 10,382.40 points now.

Anrey Torbinski
2010-06-16 15:19, Economics.

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