IHS Global Insight threaten the Dow Jones Industrial terribly

IHS Global Insight does not believe in the U.S. stock market might react to negative

In brief: IHS Global Insight believe that the U.S. ceases to be a world leader in the production of goods. This information may affect to the Dow Jones Industrial Average negatively.

New data are negative for the U.S. stock market. The level of support for the Dow Jones Industrial Average begins to fall substantially. Futures for the Dow Jones Industrial fall. Dow index goes up for sale at 10,293.52 points. According to IHS Global Insight analyst soccer in the U.S. production of goods coming to an end. According to analysts IHS Global Insight U.S. soccer in the production of goods coming to an end – in 2011 China will become the new leader. The influence of the stock market of China to the world markets will increase. Dow index is 10,279.54 points at the moment. DJIA lost -13.98 points (-0.14%).

It is clear that the driver of growth called “revaluation of the yuan” ersatz driver. While China is not developed internal economy, the revaluation will occur with great creaking. There is another aspect … When the world’s very few people have heard about budget problems in Greece, China has not revalued the yuan, but now, when Europe, fever, and July peak to payments made by Spain and Italy, he would be a revaluation. This seems extremely illogical. Now we are seeing an interesting point in the stock chart China’s Shanghai Composite. There are signs of stabilization – at the level of 2500 formed a double bottom. Of course, most investors will not look up until it pierced the resistance level of 2,700 points. In this case, it can be said that the formation of a downward channel with the boundaries of 2470 – 3120 is over and the situation on the Chinese stock market has become more transparent.

Igor Tringlers
2010-06-23 13:43, Economics.

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