Dow Jones Industrial has repeated European failures in late trading

Dow Jones Industrial Average falls to zero

In brief: Dow Jones Industrial Average falling at the end of trading on the U.S. stock market. European News reduce the level of confidence of bulls to Dow Jones.

Dow Jones Industrial Average is at 10,452.46 points mark. The level of growth was +18.29 points (0.18%) throughout the day. Dow index grew much faster in the first half torogovoy session, but later collapsed. Stock trading in Europe ended Friday opposite changes in major indices, according to data exchanges.

Trading session was generally calm, largely due to positive news from Spain. On the eve of the Ministry of Finance of this country successfully placed state bonds for 3.5 billion euros, and announced his intention to publish the results of stress tests of banks. In addition, Spanish Prime Minister Jose Luis Rodriguez Zapatero said on Thursday held up the EU summit in Brussels that he considered “unfounded rumors” about the dire financial situation of his country. French President Nicolas Sarkozy also said that the economic situation in Spain is the EU has serious concerns. An important outcome of Thursday, influenced the European trading on Friday, was the achievement of the leaders of 27 countries of the EU common position on economic management in the block. More specific proposals on this issue promises to the European Commission to prepare by 30 June. In addition, the leaders of EU member states have agreed to publish the results of stress tests of banks. Initially it was planned that this information will not be well publicized, but after a number of countries, including Spain, have decided to take this step to calm financial markets, have agreed to follow their example the rest of the block.

Gold, however, on Friday continued to rise in price – investors still prefer to invest in less risky assets. In the course of trading on the London Commodity Exchange precious metals prices set another record – 1,258.38 dollars per troy ounce. The previous record was registered on June 8, when gold was gone up to 1,251.85 dollars per ounce. By the closing of the auctions the British index FTSE 100 lost 0.06% to 5 250.84 points. Deutsch DAX 30 fell by 0.11% – 6 216.98 points. The French CAC 40 index rising eighth consecutive trading session, following the bidding, he rose to 0,11% – to 3 687.21 points.

Anrey Torbinski
2010-06-18 20:33, Economics.

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