Schiller index (displaying growth of home prices in 20 largest American cities) grew in the last 12 months by 4.23%, while real estate analysts predicted a mere 3.1% increase. Moreover, consumer confidence index rose to 53.5 points, with the predicted increase at no more than 50 points. Consumer optimism in June surpassed expectations as well.
PMI index in Chicago unexpectedly exceeded the projected figure for the first time since April, and reached 62.3, which, as noted BMO currency analysts, should provoke a surge of activity in the near future.
Dow Jones Industrial Average climbed to a mark of 10,125 points and falls. Dow index rose to +7.34 points (0.07%) from the beginning of trading the U.S. stock market today. At the same time, many conservative players prefer to understand how sound was Friday’s “strait” and would not hurry with their purchases until until they see positive points in the published statistics.
BNP Paribas is no longer bet on the British pound. BNP Paribas analysts believe that the recent restoration of the British currency, apparently, becoming obsolete, and the weaker the data on an index PMI CIPS service sector in the UK is clearly not contributing to the development of the rising momentum in the pair.
Currency exchange rates remain volatile today. USD exchange rate decreases slightly. Today during the European session, the euro to dollar is behaving very calmly and showed no reaction at all published slightly earlier data on the index PMI.
DJIA continues to weaken against the negative statistics. Bulls cleared shoulder support for Dow index at the beginning of the trading session. Trading in U.S. stock indices ended lower. The pressure on the market has had a series of negative macroeconomic data published in recent days. As a result of trading the index of “blue chips” Dow Jones Industrial Average fell to 41.5681 points or 0.43%, to 9732 points. The index of wide market S & P 500 closed down fall to 3.34 points or 0.32%, at around 1027 points. “High-tech” Nasdaq Composite closed lower at 7.88 points or 0.37% at around 2101 points.
Dow Jones Industrial Average is a potential leader of growth on the world’s stock trades on the week. Dow Jones surprised the bear resistant to the negative data of international statistics. Stock trades in the U.S. on June 1 2010. approached the second half of trades mainly with the increase of leading indexes against the backdrop of favorable statistics. Investors are closely watching the developments in the national economy. Today the U.S. Department of Commerce provided data on the amount of construction costs in the U.S. in April 2010. The index rose by 2,7% compared to the revised rate in March and amounted to 869.1 billion dollars. Meanwhile, analysts expect that this figure will not change.
Dow Jones Industrial Average returns to the market after a prolonged weekend. The level of support for Dow Jones from the bulls is negligible. Bears are preparing to storm the new minimum. Stock market U.S. froze in anticipation … Thus, investors were disappointed with the new data from China, which showed a reduction of index PMI CFLP in May to the level of 53.9 against 55.7 in April. A few hours later came out statistics from European countries. The problems in Europe have increased the overall negative market.
Dow Jones industrial average starts the week of raising quotations on futures trading. Growth of Dow Jones would be extremely difficult due to the bad news from stock exchanges in Asia and the mixed dynamics on European stock exchanges. Investors believe in the Dow Jones industrial average, but refer to the index with caution. The overall growth rate of the index will be between 0,5-1%.