The Dow Jones Industrial starts to rise after the sudden collapse in the mid-session. Dow index is close to the foothold of 10.225 points, gaining more than 0.1%. These statistics are neither pleased, nor disturbing.
The DJIA goes up, after a short-time slip down. Dow jones industrial is bidding at 10,248.43 points, gainig + 0.18% at the moment. Investors hope for better today. US commercial bank Morgan Stanley gained a profit of 1.4 billion in the II quarter of this year, compared with a loss of 138 million dollars for the same period last year.
Dow Jones Industrial Average began trading the U.S. stock market briskly and confidently. But then came the bad news for The DJIA from the banking sector. Dow Jones Industrial Average is at 10,147.85 points mark, picking up +49.95 points (0.49%). U.S. stock market traded in a weak positive territory in the first half of the session. Technical indexes rebound after a sharp decline last Friday, could not realize due to the negative data from the housing market: in July, the index of real estate market NAHB has fallen to 14 points from 17 points in June.
Bidding on the German market were quite spineless. During the day the indices repeatedly made attempts to growth, but on the session closed in a slight minus. The controversial macroeconomic statistics in Europe does not market to determine the further direction. In Germany, the index of business activity in the service sector in June increased slightly to 54.8, being better than expectations.
Australia’s largest investment bank Macquarie Group will merge its assets with a unit of asset management, resulting in an office, managing assets valued at A $ 306 billion ($ 260 billion).
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.
Dow Jones Industrial pulled down an entire Asian stock market. As a result of trading the index of “blue chips” Dow Jones Industrial Average has fallen off at 96.81 points or 0.98%, to 9774 points. The index of wide market S & P 500 closed at the fall of 10,54 points or 1,01%, at around 1031 points. “High-tech” Nasdaq Composite closed lower at 25.94 points or 1.22% at around 2109 points.
DJIA reached a record low. Trading on stock exchanges in Asia on Wednesday, June 30, will be demonstrating against falling of quotations on commodity prices, exchange rates, the outcome of trading in the U.S., fears for the future of China as well as data from the States.
The collapse of the Dow Jones Industrial Average becoming the new omen of an early start of the next wave of financial crisis in the U.S.. Dow Jones Industrial approaching the mark of 9,895.47 points. Losses for the Dow Index reached -243.05 (-2.40%). Facts speak louder than all that the U.S. economy in the way of the second bottom, of course it is up to him have not yet got. Of course, the various signals may be false, and perhaps this time everything will be different. But reality says otherwise.
A year after the fiscal policy of the United States was named by the Chinese authorities “irresponsible”, the PRC leaders are showing greater confidence in the methods of doing business in the U.S. economy. China increased the amount of U.S. Treasury bonds bought by 2,6% to $ 900.2 billion in March and April, after the reduction of stockpiles of these securities at 6.5% in the period from November to February, which was the longest monthly decline over the past ten years.