International Power plc (LON: IPR) is deprived of autonomy. International Power plc (LON: IPR) shares reached a mark 375.20 points, gaining 2.40%. GDF Suez SA and International Power Plc are close to an agreement, under which the French company control of the British.
The stock market remains volatile today. Dow Jones Industrial Average continues to move in the green zone, but analysts see no growth prospects for the Dow index today. Bank of America, Wells Fargo and Citigroup are strengthened and given chances to support the bulls DJIA. Published accounts with UBS and Deutsche Bank, been glad bidders higher than expected results, impact on the more expensive shares U.S. Bank. Thus, the shares Bank of America, Wells Fargo and Citigroup built up on 0,92%, 1,65% and 0,96% respectively.
UBS notes, that the pound will continue to rise against the dollar today. Pound / dollar rate rose 50 basis points from 1.5343 marks after stronger GDP data for the second quarter than expected. As a result of significant sales, which began with the growth of couples to new highs, the pound / dollar rolled back to 1.5375.
The collapse of the euro exchange rate has become an unpleasant surprise for UBS. Foreign exchange reserves of the Swiss National Bank fell by more than 14 billion Swiss francs (13.3 billion dollars) in the first half of this year, after the weakening of the euro triggered a reduction in reserves of the Bank. In the second quarter, the central bank lost 5.5 billion Swiss francs, while revenue in the first quarter amounted to 1.5 billion francs.
UBS analysts predict that the euro / dollar rate over the three-month period dropped to 1.15. Short-term European currency will put pressure standby stress tests of European banks.
Exchange rate euro will fluctuate. According to UBS currency analysts, prospects for a single European currency in the near future will depend on the results of stress tests of European banks, which will be released towards the end of this month.
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.
Dow Jones Industrial Average will start bidding with minus about 0,5%, but by mid-session support for the Dow index would grow and DJIA will direct growth. Thursday, July 1 main U.S. stock market indexes have completed the session in the red area. Attention players fully focused on the state of the U.S. market, Europe’s problems on the backburner: single European currency strengthened against the dollar by more than 2%.
The level of support from the bulls for Dow Jones Industrial Average began to grow. Losses Dow index were played back, the overall losses are -60.99 points (-0.62%). DJIA is 9,713.03 points. Among the leaders of falling U.S. stock market is worth noting: the securities representative of the biotechnology industry Dendreon fallen by 10,8%, after it became clear that the government agency The Centers for Medicare and Medicaid Services require the Company to disclose data on the effect of its drug to treat cancer Provenge prostate on the patients.
The future of the euro depends on the new economic shocks in the euro area. Ac note currency analysts UBS, the uncertainty about the impact of European debt crisis remains at a fairly high level, and yield spreads of five-year Greek bonds are at record highs.