Ukrainian Globalist

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.

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Bulgaria fell under suspicion of European officials. Revision of budget statistics of European countries continues. Yesterday, under suspicion of falsification of data hit Bulgaria. The European Union announced its doubts about the veracity of budgetary data of the country, in this connection in Sofia will send the appropriate committee to conduct an audit.

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The currency exchange rates today are very unstable. “You have to stay in short positions on the euro against the dollar, as there is no positive news from Europe” – this opinion was widely spread among traders at the time of completion of trading in New York on Monday. In finalizing the trading day European currency remained under pressure and tested against the U.S. dollar four-year lows at 1.1875/80 area. A slight recovery towards the end of the day allowed the euro to rise only slightly above the 1.1900 figure. Also during the day could be seen strong demand for gold and U.S. Treasury bonds.

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Weaker than euro may be only one currency – the Zimbabwean dollar. Such a view can come if you look closely at the factors that have so far kept drop a single European currency.

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The Prime-minister of Luxembourg Jean-Claude Juncker has said that financial ministers of eurozone countries are satisfied of the measures of budget-financial stabilization taken by Portugal and Spanish governments.

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European Commissioner for Economic and Monetary Affairs Olli Rehn said that Greece has received the first tranche of financial aid. Thus, 14.5 billions euros eurozone countries have provided and 5.5 billions euros have come from International Monetary Fund (IMF).

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Car accident has occurred today in the morning on the autobahn in Germany: about 130 cars have collided. According o the previous data, 25 persons are injured. The autobahn is now blocked; rescue services are working on the scene.

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A huge iceberg has seceded from Merz glacier on Antarctica’s coast. It’s drifting to the South Ocean. Its square is the same to the territory of Luxembourg.

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