Today’s statistics have not added confidence to investors today. Despite a lot of negatives, the U.S. stock market goes up gradually. Bulls increase trading volumes moderate, expensive technology sector.
Google Inc. (NASDAQ: GOOG) continues to rise in price, despite the company’s problems. U.S. stock market is waiting for new solutions to the Fed, although the technology sector remains in the green zone.
Who needs a weak yuan? What will the exchange rate between the dollar? Technology companies deftly move production around the world only to find the most favorable conditions for himself. Apparently, now they have to make the next leap forward in this direction. Bank of China on Saturday announced that he intends to continue the reform of exchange rate policy and increase the flexibility of RMB exchange rate. In a statement posted on the bank’s Web site states that the established boundaries of fluctuations yuan (0,5% per day) remain unchanged. At the same time the Central Bank intends “to focus on the reflection of market demand, taking into account a basket of currencies”.
Dow Jones Industrial Average has become the main loser of trades in the U.S.. The Dow Jones Industrial Average, many experts predicted a rapid growth, the market has driven the Dow index in the opposite direction – down. U.S. stock indexes fell on Thursday due to lower shares of companies in the consumer sector. Forecasts and reports on the profits of retailers Kohl’s and Urban Outfitters have disappointed investors. Additionally, the prognosis Cisco Systems failed to improve investors’ attitude to the technology sector.