The DJIA is on the brink, the bulls believe in the restoration by the end of trading

The DJIA is trading with a high volatility

In brief: Dow Jones Industrial trying to leave the red schonu and change the negative dynamics on the positive.

U.S. Stock Market is in the red zone. Dow Jones Industrial struggling for survival against the bearish trend. Analysts predict growth DJIA at the end of trading the U.S. stock market today. Dow index remains at 10,204.53 points, gaining 0.49%. At the same time, the major stock indicators in Germany completed a session in the negative territory. Investors are depressed under unfavorable quarterly results of a number of American companies and the negative statistics on the number of started the construction of houses.

In addition, not pleased with the fact that the Government of Hungary managed to attract 10 billion forint less than planned, as part of the sale of three-month Treasury bills. As a result of trading a key index of German DAX stock market weakened by 0.69% and closed at 5 967.49 points and the index TecDAX Performance was “easier” to 1.61% to 758.64 points. Market capitalization automaker Daimler fell by 2,8% as a result of a downgrade of its shares, analyst at Morgan Stanley to “worse than the market.” Quotes rival BMW decreased by 0,7%. Paper’s second largest semiconductor manufacturer in Europe, Infineon lost 1.2% of the cost after it became known that the American representative branch of Texas Instruments reported quarterly results that are slightly out of dotyanuvshim to analysts’ forecasts. Thus, profit for the second quarter rose to 62 cents a share, while sales were $ 3.5 billion, analysts on average expected profit of 63 cents per share and sales of $ 3.52 billion. Among the companies that have managed to strengthen its position, was a pharmacist MorphoSys, which quotes have increased by 3,5% after it became clear that he now considers potentially possible acquisition transaction.

Ukrainian Globalist
2010-07-20 19:20, Economics.

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