One of the leading British banks Lloyds Banking Group PLC (LON: LLOY), 40% owned by the British Government, said that its profit amounted to £ 1,6 billion ($ 2.5 billion) the first half of 2010. The figure above forecasts of analysts polled by Thomson Reuters and Bloomberg, the expected profit at £ 620-700 million ($ 1-1,1 billion).
Bayerische Motoren Werke AG (ETR: BMW) shares are in the green zone against the growth of the company profits. Bayerische Motoren Werke AG of 43.75 points, gaining +1.88 or 4.49%. Bullish trend captures the market.
Dow Jones Industrial Average has prevented all attempts to impose a bear trend. Dow index is at around 9,918.45 points, having won 174.83 points (1.79%) for the last day. DJIA rising steadily against the background of recent statements by Chinese officials and the successful closing of European stock exchanges. European stocks have grown up to the auction on Wednesday 7 July. Shares of banks were on the rise in anticipation of information on methods for stress tests. BP shares have risen in price thanks to speculation of a sale of the share of Arab investors. Pan-European Stoxx Europe 600 index rose by 1.3% to 246.06 points, Britain’s FTSE 100 – has increased by 1% to 5015 points, Germany’s DAX – on 0,8% to 5993 points, the French CAC-40 – for 1,7 % to 3483 points.
Dollar is not so stable, as it was the day before. Standard Chartered Plc has lowered the forecast on the U.S. dollar relative to the yen and Swiss franc, as the reason for designating the decline in yield bonds. Currency exchange rates are not stable today. According to the expectations of the bank, the dollar / yen at 3 quarter to an average of 93.5. The previous forecast implied rate at 98 yen per dollar. The new forecast for the dollar / franc mean value of 1.19 instead of 1.25 in the previous forecast.
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.
Dow Jones Industrial Average close to 3% loss per day. Dow index is 9,843.02 points, losing almost 300 points per day (-2.91%). At the same time, with the Dow Jones Industrial fall and major European stock indices. European stocks crumbled on the basis of trading on Tuesday amid concern slowing economic growth in China, but also because of the negative data on the U.S. economy, according to data exchanges.
Dow Jones Industrial Average confidently went into the red zone. The collapse occurred at the end of trading on the stock market today. The level of support for the Dow Jones Industrial in the second half of the trading session substantially reduced. Trading in the U.S. on Tuesday June 22 ended lower indices. The pressure on the market have weak data from the housing market. In addition, sank sector oil companies against the background of falling prices for black gold. As a result of trading the index of “blue chips” Dow Jones Industrial Average fell 148.89 points or 1.43%, to 10294 points.
Every working day at 11.00 AM New York time, begins a strange and incomprehensible ritual. On the screens appear Reuters information on the official “market average” value of dollar swaps. Changes in prices for dollar swaps – in fact, derivative instruments tied to yields on government bonds – determines not only the situation on Wall Street.
The number of new buildings in the private sector, the U.S. in May this year fell in the month terms by 10% to 593 thousand homes, the Commerce Department said the country. The last time the index declined so badly in March 2009.
Immediate danger is currently bidding for Dow Jones Industrial Average and other U.S. stock indices. So, the markets in recent days were still observed optimism, but lead to a significant growth market, he can not – no new “drivers”. The Dow Jones rose yesterday, only 0.24%, to 10434. Euro-dollar has been able to update the maximum today at around 1.2416, but in general in recent days remained in the range 1.2350-1.2410.