Ukrainian Globalist

The DJIA began to rally from the very start trading the U.S. stock market, but after crossing the equator Dow index abruptly began to lose purchased points. Dow Jones Industrial Average was at 9,719.10 points. Green zone Dow index added +32.62 points. At the same time, strong growth showed the European stock market. European share indexes have grown on the bidding results on Tuesday, July 6. The favorable impression on the investor made a comment regarding Australia’s central bank’s prospects of economic recovery.

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The exchange rate euro is not ready for war with the dollar. The European currency was trading today against the U.S. dollar is close to the minimum values for 4 years. Strategists Bank of New York Mellon Corp. London expects a single currency will experience a further decline, as today’s meeting of finance ministers of European countries, probably would not have a positive impact on the mood of the market.

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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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Last week, the players were discussing how long stretch the euro area. A of the Estonia had received approval for entry into the single European currency in 2011. The European Commission recommends the adoption of Estonia in the eurozone, as the country has fulfilled all necessary conditions for the transition to the euro. The final decision on the adoption of Estonia in the eurozone will be made on July 6.

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