Hang Seng index and Nikkei 225 are going down

The stock market today - Hang Seng Index could gain some points

In brief: Asian stocks: Hang Seng Index, Shanghai and Nikkei 225 falling, but may recover in late trading.

Stock market is very weak today. Hang Seng Index, Shanghai and Nikkei 225 began trading with the reduction in the background of bad data from the U.S.. The level of bulls support for the Hang Seng and Shanghai offer chances for growth in the middle of bidding. Trading on stock exchanges in Asia on Friday, July 2, will be demonstrating against falling of quotations on commodity prices, exchange rates, the outcome of trading in the U.S., as well as macroeconomic data.

Recall that trading in the U.S. on Thursday ended lower indices. The pressure on the market has had a series of negative macroeconomic data published in recent days. As a result of trading the index of “blue chips” Dow Jones Industrial Average fell to 41.5681 points or 0.43%, to 9732 points. The index of wide market S & P 500 closed down fall to 3.34 points or 0.32%, at around 1027 points. “High-tech” Nasdaq Composite closed lower at 7.88 points or 0.37% at around 2101 points. Over the past few days came a host of economic reports of major concern to investors. U.S. consumer confidence index in June fell from 63.3 to 52.9 points in expected to fall to 62.8 points. In addition, the number of initial applications for unemployment benefits in the U.S. as of June 26 rose by 13 thousand compared with a revised upward previous rate and amounted to 472 thousand Such data released today, July 1, Bureau of Labor Statistics U.S.. Analysts predicted that the figure will drop to 455 thousand.

Gold prices on Thursday fell to 3,2% against the general decline in the stock and commodity markets. This significant decrease is also explained by low-volume trading in anticipation of long weekend in the U.S.. As a result of the regular trading session on the New York Mercantile Exchange, NYMEX, the August futures for gold delivery have fallen by 3,2% to $ 1,206.70 per troy ounce. The July futures for the supply of silver fell $ 0.92 to $ 17.79 per ounce. September futures for delivery of copper have fallen in price on 2,5% to $ 2.87 per pound. Under the influence of a prolonged fall of prices of shares on the New York Stock Exchange in the previous trading day and the debt crisis in Europe, on Thursday at the Tokyo Stock Exchange at the close of trading on the Nikkei index fell 2.04% to its lowest level this year. At the close of the trading session the index, reflecting the quotation of 225 leading companies in the country amounted to 9,191.60 points, which is 191.04 points below the previous trading day. Index Topix, fixing quotations of securities of companies represented in the prestigious first section of the Exchange, fell 13.03 points or 1.55% to 828.39 points. The aggregate index of securities on the Shanghai Stock Exchange at the close of trading amounted to 2373.79 points, fell by 24.58 points or 1.02% compared with the previous trading session.

Ukrainian Globalist
2010-07-01 23:09, Economics.

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