The threat of collapse: Dow Jones Industrial climb and European challenges

Dow Jones Industrial Average is growing more confident

In brief: Dow Jones Industrial Average close to a new level of maximum. Bears leave the market, not believing in the collapse of Dow Jones.

Dow Jones Industrial Average climbs close to the mark of 10,312.72 points. The day brought the Dow Jones plus + 121.83 (1.20%). Dow Jones Industrial Average gives the bulls hope for a successful trading week. At the same time, the bulls on the Dow index concerned about news from Europe. The Old World has shown mixed dynamics today, and the threat of defaults remains:

Tuesday, June 15, the main stock indexes in Germany concluded the session on a positive territory. In the first half there was quite a volatile trading dynamics on the background of published macroeconomic data, according to which the index of economic expectations ZEW investor fell in June from 45.8 points the previous month to 28.7 points, against the expected fall to 42 points. In addition, some pressure on the German indicators provided a solution agency Moody’s Investors Service, which lowered the previous day’s sovereign debt rating of Greece immediately to four points to Ba1. However, by mid trading session, bulls came to life, the shares of the financial sector went up, the good news, Infineon Technologies impact on the more expensive of its securities, and key indices in Germany confidently stepped into the green zone. The external background also contributed to the purchase – Asian markets closed mostly in a small plus, the main indicators of the European region stayed in positive territory. As announced today, the Deputy Director of European Department of the International Monetary Fund, Mr Paul Thomsen (Poul Thomsen), reducing sovereign credit rating of Greece is not cause for concern because the decision is not unexpected, but only leads the country’s rating in line with current ratings of the two other leading international agencies. At the close of trading a key indicator of the German DAX stock market closed in positive territory at 0.82% to about 6 175.05 points, while the index TecDAX Performance has become harder to 0,4%, having risen to the level of 775.79 points. Papers of the financial sector were the leaders of growth in the index DAX – quotes Deutsche Bank and Commerzbank rose to 2,06% and 1,84% respectively. German chemical group Lanxess has earned at auction 1.71% of market capitalization by increasing the rating of its shares, analysts Nomura Holdings. Meanwhile, the paper of the second-largest producer of industrial gases, Linde retreated 0.8% after lowering their rating by analysts of the same company. Today the media reports appeared that the second largest European manufacturer of semiconductors Infineon Technologies has hired JPMorgan Chase to assist in the sale of its units for the production of microchips for mobile phones. These news are interested bidders, and quotes Infineon left in plus on 3,2%. Significant growth was observed in company securities Sky Deutschland, 45% of which belongs to the American News Corporation in December last year. As it became known, the company offered News for the UK’s largest pay television provider British Sky Broadcasting 12 billion pounds ($ 17.7 billion), but BSkyB has rejected such a proposal, considering its low price. As a result, quotes Sky Deutschland increased by 18.35%.

Igor Tringlers
2010-06-15 19:35, Economics.

News on: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

One comment к “The threat of collapse: Dow Jones Industrial climb and European challenges”

  1. Bub Says:

    get an editor.

Post a comment