Forecast: Dow Jones Industrial Average will rise sharply to the new highs

Forecast for the Dow Jones Industrial Average remains positive

In brief: Trading at the U.S. stock market may start with strong growth blue chip Dow Jones Industrial Average day.

Average Dow Jones Industrial is located at around 10,167.99 points. Bulls were able to pay dividends for the Dow Jones Industrial in the form of +24.18 points (0.24%). At the opening of stock trading is expected to increase leading indexes tomorrow. Investors are encouraged by the results concluded in Toronto Summit G20, which participants agreed on the reduction of public deficits and continue to stimulate the economy.

This reduction, as expected, to begin in 2011. To 2013. deficits should be reduced by half, and 2016 to. parties pledged to stabilize the budget deficit and the volume of state debt. This factor may encourage an increase in stocks of companies of the banking sector. Thus, the positive trend may demonstrate quotations largest U.S. credit institutions such as Citigroup, Bank of America, JPMorgan Chase, Goldman Sachs and others. The influence on the course of stock trading may have also today published macroeconomic statistics. Thus, at the opening of the trading session U.S. Department of Commerce shall report on the level of consumer incomes in May 2010. Analysts expect revenue growth at 0,5%, costs – on 0,1%.

Thus, according to their projected growth in wages will not have a direct impact on the costs of the population, because in the light of recent events the Americans are inclined to save rather than spend. As expected, investors have expressed confidence in the American Transocean Ltd., The world’s largest operator of drilling rigs, which belonged to the wreck in the Gulf of Mexico platform Deepwater Horizon. In the “plus” can also open a tender for a U.S. company Colgate-Palmolive Co., A major world producers of toothpaste and other personal hygiene products as bank Goldman Sachs analysts raised their recommendations on the shares of the company to “neutral” to “higher level of Market. Activity also can be observed on the shares of pharmaceutical company Auxilium Pharmaceuticals Inc., Which should report on the volume of sales.

Anrey Torbinski
2010-06-28 18:28, Economics.

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