DAX calls Dow Jones Industrial Average to be careful and avoid the collapse

Bulls do not want to force things for Dow Jones Industrial Average

In brief: German stock market finished trading in the red zone. This event was the wake-up call for the Dow Jones Industrial Average.

Dow Jones Industrial Average continues to be in the green zone. At the time Dow Jones index stands at around 10,446.90 points. Dow Jones Industrial Average gained 12.73 points (0.12%). On Friday, June 18, trades on the German stock exchanges were spineless. Macro-economic statistics of European countries came out mixed. Producer price index for the last year in Germany was above expectations, and the UK budget deficit in May was in better condition than anticipated.

The EU expressed a desire to publish shortly the results of stress tests of European banks. Markets need transparency more than ever, to dispel doubts about the creditworthiness of the EU countries. Most likely, the absence of strong unexpected news indexes will fluctuate at current levels before the results of stress tests and before the meeting of G20. German DAX index retreated 0.11% and closed at 6,216.98 points, and TecDAX index showed a slight decrease in 0.14% to a mark of 777.14 points. Better market the German automaker Daimler, Volkswagen and BMW, to the end of the session shares of these companies have added to 1,90%, 0,73% and 2,53% respectively. Credit Suisse raised the forecast price of BMW to 52 euros, and Daimler – up to 50 euros. The German producer of mineral fertilizer K + S has raised prices for potash and noted the improvement in demand for their products, but the auction is not appreciated and under the general mood of K + S sank 0.6% to the closing. Gold prices continue to rise amid fears that due to cuts in public spending growth in the economies of EU countries will slow. By 19:46 Moscow time futures for gold traded at $ 1,260.40 per troy ounce, while prices for crude oil futures for Brent – at $ 78.61 per barrel. Currency pair EUR / USD fell 0.26% to the 1.2356 mark.

Ukrainian Globalist
2010-06-18 16:52, Economics.

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