Baidu.com, Inc. (NASDAQ: BIDU) went up to 83.40 points after losing -0.83 (-0.99%) today. Google Inc. (NASDAQ: GOOG) stood at 492.86 points, gaining +1.12 (0.23%) in the second half of the trading.
China surpassed the U.S. consumption of energy and became its largest customer, notes the report of the International Energy Agency (IEA). One of the key factors in this process was a huge population of China, which is four times the U.S. population, as well as the growing popularity of consumer goods among the Chinese.
Hang Seng is rising against the backdrop of favorable data from the U.S.. Index stock market of Hong Kong Hang Seng lost 0.79 per cent, having descended to the mark 20.090,95 points. Significant influence on the index stocks HSBC Holdings Plc have fallen in price by 2,3 percent.
DJIA continues to weaken against the negative statistics. Bulls cleared shoulder support for Dow index at the beginning of the trading session. Trading in U.S. stock indices ended lower. 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.
Let us recall the history of the emergence of some of the highest in the world of office buildings. Skyscraper Empire State Building in New York was founded in 1929, Petronas Twin Towers in Kuala Lumpur began building in 1993, the Shanghai Construction Dzhaylin tower began in 1995 at the end of 1980 it looked as though half of Tokyo has been blocked with a massive crane. By mid-1990′s. Many of these cranes have moved to Shanghai and Beijing.
Who needs a weak yuan? What will the exchange rate between the dollar? Technology companies deftly move production around the world only to find the most favorable conditions for himself. Apparently, now they have to make the next leap forward in this direction. Bank of China on Saturday announced that he intends to continue the reform of exchange rate policy and increase the flexibility of RMB exchange rate. In a statement posted on the bank’s Web site states that the established boundaries of fluctuations yuan (0,5% per day) remain unchanged. At the same time the Central Bank intends “to focus on the reflection of market demand, taking into account a basket of currencies”.
Dow Jones Industrial Average will continue the negative trend today. Bear investor sentiment does not go with the U.S. stock market due to poor economic statistics and the fall of Asian markets. Dow Jones Industrial begin bargaining with the mark of 10,442.41 points. During yesterday’s Dow index dropped to -8.23 points or -0.08%. So, what happened in Asia? Most Asian indices took a negative, except for China. Markets, after nearly a 10-day rally locally overheated today.
Dow Jones Industrial Average started trading with strong growth, but at the end of the trading session began to fall rapidly. The level of support for the Dow Jones dropped significantly. Customers started to close short positions and they themselves have broken the positive trend. Bulls took the opportunity and started Dow Jones Industrial Average in the red zone. Trading in the U.S. on Monday June 21 ended lower indices. The initial euphoria associated with the decision of China to weaken the control over the yuan, had vanished. Investors have come to the conclusion that the change in the course of the Chinese currency would take time.
Gold prices remain stable. Gold has three points of dependence. 1 – gold as an asset of refuge – Gold prices fell as market participants feel less need to buy gold as an asset of refuge as investors are satisfied with the fact that aggravation of Europe’s problems are not observed yet, even temporarily;
Dow Jones Industrial Average took a lift from growth in today’s trading on the U.S. stock market. Positive role played by new data statistics. In the USA, the volume of consumer incomes in April compared with the previous month increased by 0,4%, the volume of consumer spending has not changed, according to a report of Ministry of foreign trade. Analysts had expected growth of 0,4% and 0,3% respectively.