The collapse of the Dow Jones Industrial Average was prevented by Europeans

Dow Jones Industrial Average is rising to new highs followed by Europe

In brief: The European equity market has not given a chance to Dow Jones Industrial Average collapse.

Dow Jones Industrial Average is in the green zone. The level of support for the Dow Jones Industrial growth over the last 20 minutes. Dow Jones of 10,161.34 points. The overall level of growth for the Dow is +17.53 points (0.17%). German stock market was trading in the green zone. Investors regain the outcome of the Summit G20. In addition, the positive macroeconomic statistics for the euro area is encouraging. The growth of consumer lending in the euro area is gaining momentum in May grew by 0,2%. Data from U.S. personal income and spending also refreshed the market: in May, Americans spent more, earnings growth remained constant 0,4%.

Toward the close of trading the German DAX index closed on an optimistic note, and showed an increase of 1.43% to 6,157.22 points mark, and the TecDAX index advanced at 0.71% to 757.07 points. Prices of futures for Brent crude declined slightly compared to the level of 77.42 per barrel, while copper futures rose to $ 310.10 per pound. German sovereign bonds yields fell slightly. Currency pair EUR / USD fell by 0,66% and is trading at around 1.2286. German tire manufacturer Delticom increased by 2,92% after the release of preliminary financial data for the first half of 2010, the Company significantly increased its revenue and earnings per share and the company’s management raised its estimate for operating margin to 9% by 2010 compared with previous forecasts value of 8%. Revenues are projected to grow this year by 10% relative to last year. Engineering Automotive Company Man expects new orders to his unit Diesel & Turbo for more than 3 billion euros in 2010 is slightly larger than last year. Management expects that the revenue Diesel & Turbo will correspond to the level of 2009 and will reach 3.8 billion euros this year. Another division of MAN Nutzfahreuge also reported 34% revenue growth, Mr. in the first quarter of this year. Overall, the company’s management sees the positive changes in the market of transport equipment, and amid improved demand for engines, turbines and other products from the manufacturer appeared ambitions to expand its production in Brazil, through mergers and acquisitions or the opening of its plant. On this news shares Man added 2,68% to its value.

Ukrainian Globalist
2010-06-28 18:07, Economics.

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