The DJIA can collapse on the background of the controversial closing of trades in Europe

Dow Jones Industrial Average lost more points

In brief: Dow Jones Industrial Average may go into the collapse at the end of trading today.

Dow Jones Industrial Average is falling on the background of recent statistics, the U.S. and mixed dynamics in the stock markets of the Old World. The DJIA approached the mark of 9,868.31 points. Loss from the beginning of trading amounted to about 0.02%, but the bearish trend for the Dow index continues. And now the latest news from Europe: Germany’s main stock indicators, in the course of trade fluctuated around the zero mark, completed the session in a small black. The results of the auction to provide a three-month ECB loans to European banks showed investors a relatively favorable.

So, instead of the expected 200 billion euro, the banks have 131.9 billion euros ($ 161.5 billion), which is said to be less significant than anticipated external financing needs. The mood was spoiled under the influence of news from the U.S. market, where the indicator of employment ADP showed improvement significantly below expectations. Released June block of data on the labor market in Germany was more favorable: the unemployment rate unchanged at 7.7%, the number of unemployed people, taking into account seasonality declined from 3.246 million in May to 3.23 million, the number of unemployed persons without regard to seasonality fell just short of expectations – from 3.242 million the previous month to 3.153 million, is expected to decrease rate to 3,150 million. As a result of trading a key index of German DAX stock market grew stronger on 0,23% and closed at 5 965.52 points and the index TecDAX Performance has become “harder” on 0,17% to 734.48 points. Deutsche Bank shares rose in price by 1,5% after regulators in the face of BaFin and the Bundesbank reported that most of the major German banks agreed to take part in the stress test. Quotes Arques Industries, the controlling unit to Siemens for the production of wireless phones, jumped 5.9% as a result of the company return to profit in the first quarter. Steelworkers Salzgitter and ThyssenKrupp have been taken down from its asset 0,9% and 1,4% respectively, showing, along with other representatives of the sector Commodities worst result of the regional European indicator of Stoxx Europe 600.

Anrey Torbinski
2010-06-30 19:28, Economics.

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