Dow Jones Industrial Average loses his balance under pressure from the bears. Bulls do not want to be active. Stock trades in the United States opened a decrease in the leading indices, although during the previous trading session witnessed the steady growth of quotations. Following bidding on May 27 2010. Dow Jones index rose by 284.54 points (2.85%) – up to 10,258.99 points.
Dow Jones Industrial Average began trading on the stock market after the release of positive reports and statistics. Bulls are preparing for another attack on the position of bears at Dow Jones Industrial Average index. Even after the start of the trading session the final data will the University of Michigan index of consumer confidence in the U.S. in May (according to the forecast of analysts, the index value would be 73.3 points).
Stock trades in Europe on May 28 opened higher after the leading index for the U.S. market and Asia. USA markets closed a substantial increase in major stock indicators. The positive dynamics of quotations contributed declaration of the People’s Bank of China that Beijing will continue to invest in debt obligations of the euro zone, denying rumors circulated earlier by the restructuring of its gold reserves. In a statement leadership of the Chinese central bank indicated that the European market remains a key area of investment of the State foreign exchange control of China. These news continues to have a positive impact on share prices on European stock trading today.