Bank of America Corporation (NYSE: BAC) is 14.41 points. Bank of America shares gained +0.37 points, or 2.64%. Bulls continue to support the banking sector. The DJIA is growing more slowly in the second half of the trading session today. Dow Jones Industrial Average went up to the mark 10,659.54 points, gaining +193.60 (1.85%).
Lloyds Banking Group PLC (LON: LLOY) has become the sole leader of the stock market today. European trading began with a bullish trend against the background of favorable news from the banking sector. Lloyds Banking Group rose to 72.85 points, gaining +3.59 (5.18%).
Lloyds Banking Group PLC (LON: LLOY) leaves the bears behind. Bullish trend back to the banking sector of the stock market today. Lloyds Banking Group shares rise in price at +0.44 (0.64%), reaching 69.35 points.
European stock market loses. Asian stock exchanges have shown steady rise to new highs, that enables the DJIA to continue the positive trend today. At the same time, Bank of America Corporation (NYSE: BAC) lost -0.07 points (-0.49%) during the Pre-market trading today.
Lloyds tsb bank plc rises above confidently. European stock market closed with slight drop in the leading index. Against this background, the banking sector, a multidirectional dynamics of quotations. Shares of British Barclays and HSBC went up by 0,23% and 0,24% respectively. Securities Royal Bank of Scotland and Lloyds Banking Group cheaper respectively 0,34% and 0,57%. In addition, decreased quotes the French Societe Generale (-0,69%) and Credit Aricole (-1,07%), while BNP Paribas shares went up by 0.17%. Germanic Deutsche Bank on the basis of exchange session went into the “red zone” (-1.38%).
Dollar is not so strong as it seems. Currency exchange rate forecast for the dollar is negative. Many investors often view the dollar as a currency of refuge, however, as analysts say HSBC, currently there is a change that trend.
S & P-500 is another weak one at the U.S. stock market. On Wednesday, the U.S. stock market fell again. At this time, the average loss index was about 1% on news that ratings agency Moody’s has placed the sovereign rating of AAA of Spain to the list for a possible fall. Data from ADP also brought optimism to the market, showing growth in the number of jobs in the private sector of the U.S. in June, only 13000, the forecast increase of 60000. And finally, the curtain of the trading session selling intensified when speculators managed to press through the index S & P-500 below the level of 1040, which technically opens the way for further reduction in the range 950 – 850 points.
Dow Jones Industrial Average will be exposed to risk associated with many important European factors. Dow Jones Industrial rose yesterday to a record amount – +225.52 points (2.25%). Trading on the U.S. stock market will begin to Dow Jones from a mark of 10,249.54 points. At the same time, European stock markets were closed on Wednesday in al minus background of negative attitudes of investors to take risks.
The problems of the world economy touched Dow Jones Industrial. Most of the news that came today from all over the world have been very negative. Dow Jones Industrial Average starts to decline from the first minutes of trading on the background of the overall negative trend. As usual, the main negative factor for Dow Jones became news from China. The first day of June brought new concern and anxiety for investors. As often happens in such cases, the negative news did not come alone.
European stock markets closed on Wednesday the growth against the background of good financial reporting by companies Allianz and ING Groep, as well as Spain’s decision to move to austerity measures in the financial sector. “Companies continue to show strong statements, as well as economic statistics, continues to positively surprise”, – said Kevin Lilley of Royal London Asset Management.