Royal Bank of Scotland Group plc (LON: RBS) continues to lose in price. Royal Bank of Scotland fell to 50.65 points, losing -0.45 (-0.88%) today. The British FTSE 100 index remains in the green zone and increases in the price.
UK small and medium-sized companies in the manufacturing sector reported an increase in orders (including export orders) and 15-year high in May-July, which was supported by the recovery in commodity stocks. A stronger-than-expected rebound in world trade has driven the turnaround according to a study by manufacturers’ organisation EEF and accountants BDO, but the report warned investment by the sector will remain an “achilles heel”, falling by 14pc in 2010.
The DJIA will continue to increase against the background of certain positive trends in the manufacturing sector. is optimistic. Dow Jones Industrial help and statements of officials on the upcoming release of the U.S. economy out of recession. Among blue-chip Dow index pleases General Electric Co.
Currency rates today are volatile and unstable. As a result of the trading day Thursday, the euro was more than 2% foothold against U.S. rival. Such positive dynamics on the single currency was due to successful outcome of the auction on placement of the Spanish government bonds. In particular, despite a recent warning agency Moody `s about a possible downgrade to the Spanish Kingdom, southern Europeans still managed yesterday is relatively easy to draw on the debt market of 3.5 billion euros. Thus, the tension around the Spanish debt problems, and the whole financial system of the region declined slightly, which has stepped up buying euros.
DJIA continues to weaken against the negative statistics. Bulls cleared shoulder support for Dow index at the beginning of the trading session. Trading in U.S. stock indices ended lower. The pressure on the market has had a series of negative macroeconomic data published in recent days. As a result of trading the index of “blue chips” Dow Jones Industrial Average fell to 41.5681 points or 0.43%, to 9732 points. The index of wide market S & P 500 closed down fall to 3.34 points or 0.32%, at around 1027 points. “High-tech” Nasdaq Composite closed lower at 7.88 points or 0.37% at around 2101 points.
Nasdaq Composite has not withstand pressure from the poor statistics and the falls after the DJIA. Standard & Poor’s 500 is located at around 1,022.32 points, losing -8.39 (-0.81%). In the middle of trades the broad market Standard & Poor’s 500 was weak with a decrease at 1.36% on a mark to 1,016.71 points, the light blue-chip Dow Jones Industrial Average fell by 1,265% to a level of 9,650.36 points and the index of high-tech industries Nasdaq Composite was trading in a minus on 1,2% on a mark to 1,718.14 points.
The Dow Jones Industrial Average along with the other U.S. stock indexes ended the day with another fall on the background of a weak data from the labor market yesterday. According to ADP, this June the private sector of the U.S. economy created only 13 thousand new jobsites although the analysts predicted there would be approximately 59 thousand of jobsites.
S & P-500 is another weak one at the U.S. stock market. On Wednesday, the U.S. stock market fell again. At this time, the average loss index was about 1% on news that ratings agency Moody’s has placed the sovereign rating of AAA of Spain to the list for a possible fall. Data from ADP also brought optimism to the market, showing growth in the number of jobs in the private sector of the U.S. in June, only 13000, the forecast increase of 60000. And finally, the curtain of the trading session selling intensified when speculators managed to press through the index S & P-500 below the level of 1040, which technically opens the way for further reduction in the range 950 – 850 points.
Dow can’t go down, – as the bulls say… Alcoa makes the Dow Jones Industrial Average to rise throughout the day. The stock market situation today is mostly driven by the move of the Central Bank of China. As reported, Chinese monetary authorities have allowed some revaluation of yuan and that caused some euphoria among the traders. Later, when the facts about yuan new state policy become clarified the market euphoria was evaporated. By fact, the free-float yuan remains an distant American dream, furthermore – the announced move can devalue yuan in the long term.
Currency exchange rate remains susceptible to numerous risks today. Growth shows only yen. The euro against the dollar amounted to $ 1.2376 from $ 1.2389 the evening of June 17 in New York. Euro dollar yielded 0.1%. Dollar / yen was 90.65 against 91.01 the previous evening. The euro / yen reached 112.12 against 112.75. The yen was added 0.4% on the American and 0,6% against the euro. Course pounds to the dollar to $ 1.4794 from $ 1.4824 on Thursday. The euro to the pound was 0.8364 against 0.8356.