Dow Jones Industrial Average remains under threat of a new collapse, the bulls hope for Alcoa

Dow Jones Industrial will continue to fluctuate in the red zone

In brief: Dow Jones Industrial Average may reach a significant negative, after the start of trading today. U.S. Stock Market is full of negative trend in Asia and Europe.

Dow Jones Industrial may fall to their lowest point of the week – 10,200.00 today. This opinion was expressed by analysts on the eve of Open Knowledge. The overall negative on global stock markets makes the bulls keep from large volumes of trades on the Dow Jones Industrial today. At the same time, there is hope for support from the rapid growth of Alcoa.

Today, the leading European markets, a decrease in quotations, with the hardest hit shares of oil and mining companies, and banks. At 14:40 Moscow time British index FTSE fell by 1,48%, German DAX 30 fell by 0,9%, French CAC 40 lost 0.4% of its value. Leaders of falling among the stocks comprising the FTSE 100 London Stock Exchange today, shares of oil companies tapped out. Thus, the capitalization of BG Group fell 4%, BP – on 3,52%, Cairn Energy – by 3,6%. Noticeably worse than the market looks as securities of mining companies, and the worst results demonstrate the action Fresnillo and Kazakhmys, depreciating by 3.59% and 3.24% respectively. Leader of the fall in the banking sector are the shares of the bank Barclays, lost 3.26% of its market value. In turn, shares of British Airways, today announced that a plan to address the pension deficit was coordinated with all interested parties, are traded with a decrease to 0.47%. Against the market are shares of restaurants and hotels Whitbread, grew by 2.5% amid reports that during 13 weeks of sales growth amounted to 13,5%. The maximum decrease among the “index” shares the Frankfurt Stock Exchange show paper cement producer HeidelbergCement AG, depreciating by the middle of the day at 3.06%. Another best-selling automaker’s shares are the Volkswagen, reduction of which was 2.13% amid reports that analysts BofA Merrill Lynch lowered its recommendation on them. In turn, shares of airline Lufthansa, which analysts JPMorgan upgraded the rating to “above market” bidding at yesterday’s closing. The worst performance among the stocks comprising the index, the CAC 40 Paris Bourse show paper banks. The leader shares fall are the Credit Agricole and Societe Generale, depreciating by 5,5% and 4,65% respectively. Capitalization of BNP Paribas, whose rating was downgraded yesterday by the international rating agency Fitch, fell to 3.39%. Shares alcohol producers Pernod-Ricard fell to 0.43% on lowering their rating to “above market” to “neutral” analysts JPMorgan.

Anrey Torbinski
2010-06-22 13:02, Economics.

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