Lloyds Banking Group PLC (LON: LLOY) leaves the bears behind. Bullish trend back to the banking sector of the stock market today. Lloyds Banking Group shares rise in price at +0.44 (0.64%), reaching 69.35 points.
European stock market in the banking sector showed a significant plus. Lloyds Banking Group and Royal Bank of Scotland shares of the UK went up by 0,2% and 0,9% respectively. Securities of Deutsche Bank rose in price by 0,6%, the French BNP Paribas and Credit Agricole – on 0,7%.
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).
The British FTSE 100, German DAX and the Swiss index SMI are going down. Stock trades in Europe 12 May 2010. opened by the decrease of the leading indexes. The negative dynamics of stock price is observed in European trading platforms has the second consecutive session. Rapid optimism generated by the 10 May this year news that the EU will create a stabilization mechanism of 750 billion euros, several bedrooms, and the players of the stock market talk that the tension in the situation with the debt problems of Greece are still putting pressure on the market.
Stock trading in Europe opened today a sharp increase in the leading index. Trading in Japan on May 10 resulted in the growth of index Nikkei at 1.6%. Positive market sentiment today due to the news that the EU will create a pan-European crisis management fund of 750 billion euros to prevent the threat of the Greek crisis to other European countries. This became known after a meeting of the Council of EU finance ministers.