Dow Jones Industrial Average falls into the abyss of mortgage crisis

Dow Jones Industrial Average went from the green zone and becomes red

In brief: Bad statistics from the U.S. housing market and negative news from overseas led to a drop in Dow Jones Industrial Average.

The level of support for the Dow Jones Industrial Average.so of bulls continues to fall. Shoppers refuse to carry out operations on long positions. Short positions on stock trades made to Dow index to fall. Alcoa could not help the bulls to establish a positive trend. Thus, statistics from the real estate market:

Sales of homes on the secondary market in the U.S. in May 2010. at an annual rate decreased by 2,2% and amounted to 5.66 million units. Such data are distributed today the National Association of Realtors USA. Analysts expect the figure for the past month is 6.2 million units. In addition, quotes euro against the U.S. dollar during the European trading session on Tuesday traded at $ 1.2300, reaching $ 1.2251 per euro. Negative for the euro served as a member of the comments ECB’s Governing Council, Christian Nuia that the financial problems of Greece could be repeated in other countries; that undermined market confidence in the banking sector. Strengthening the yuan in the next few years could be just over 3%, which will not lead to a significant change in the macroeconomic situation in the world. Gold prices traded at around $ 1234.00 – 1240.00 per ounce. In the commodities market oil cheaper because of the gradual revaluation of the yuan, which will have a very limited impact on oil imports to China. The price of Brent crude traded at $ 77.90 per barrel. Annual rates of NDF (non deliverable forward) traded at 4.02% / 4.11% APR.

Anrey Torbinski
2010-06-22 14:47, Economics.

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

Post a comment

E-