BP plc (Public, NYSE: BP) drops to 40.95 points, losing -0.38 (-0.92%) today. U.S. Department of Justice and the British energy company BP completed the process of negotiations to establish a fund volume of 20 billion dollars, the funds from which will go to damages in connection with the accident on the rig Deepwater Horizon platform in the Gulf of Mexico.
Dow Jones fell by 120 points (-1.19%), the index of Nasdaq – by 22.75 points (-1.24%), the index S & P – by 12,4 points (-1.16%). At the opening of stock trading in the U.S. occurred lowering the leading indexes. Dow Jones Industrial Average continues to lose about 0.1% every 5 minutes. On today’s crash showed the dynamics of futures on the leading stock market indicators are showing a decrease of more than 1%. Negative impact on investor sentiment affects the latest statistical news on the Chinese economy. According to specified data research organization Conference Board, the index of leading economic indicators rose in China in April at 0.3% rather than 1.7% reported earlier this month, causing uncertainty about the stock market players in the pace of recovery largest economy Asia.
After yesterday’s fall of the U.S. stock market and the dramatic collapse of the Dow Jones Industrial Average at the end of trading, European markets opened in negative zone. Yesterday’s drop in Dow Jones Industrial Average was -40.73 points (-0.41%). Dow Jones index stood at 9899.25 points. Stock trading in Europe opened lower leading indexes amid fears about the worsening debt crisis in the region and developments in the Gulf of Mexico.
Dow Jones Industrial will fight for the slightest chance for growth in early trading. Dow Jones Industrial Average trading week starts with an uncertain future. On the one hand rising dollar and falling euro, on the other deplorable situation on the European stock markets gives confidence bears. Analysts believe that the Dow Jones Industrial Average will start the day with a fall, but after the wait statistics from the U.S.. Meanwhile, the stock trades in Europe on June 2st 2010 opened with decrease in leading indexes against the background of news from China, which were presented the latest statistics of China Federation of Logistics and Procurement for the purchasing managers index (PMI).
Dow Jones Industrial Average is a potential leader of growth on the world’s stock trades on the week. Dow Jones surprised the bear resistant to the negative data of international statistics. Stock trades in the U.S. on June 1 2010. approached the second half of trades mainly with the increase of leading indexes against the backdrop of favorable statistics. Investors are closely watching the developments in the national economy. Today the U.S. Department of Commerce provided data on the amount of construction costs in the U.S. in April 2010. The index rose by 2,7% compared to the revised rate in March and amounted to 869.1 billion dollars. Meanwhile, analysts expect that this figure will not change.
Stock trades in Europe on May 28 opened higher after the leading index for the U.S. market and Asia. USA markets closed a substantial increase in major stock indicators. The positive dynamics of quotations contributed declaration of the People’s Bank of China that Beijing will continue to invest in debt obligations of the euro zone, denying rumors circulated earlier by the restructuring of its gold reserves. In a statement leadership of the Chinese central bank indicated that the European market remains a key area of investment of the State foreign exchange control of China. These news continues to have a positive impact on share prices on European stock trading today.