UBS AG (NYSE: UBS) did not believe in the Australian dollar. Australian dollar showed growth last week, as Australia announced a record trade surplus thanks to strong demand for coal and iron from China.
UBS AG (NYSE: UBS) is experiencing the worst of times. UBS AG (NYSE: UBS) shares fell 16.32 points to a mark, losing -5.61%. Analysts doubt the speedy restoration of the bank.
Dow Jones Industrial Average carries the worst day of trading throughout the summer today. Losses Dow Jones Industrial may exceed 3%, – assured analysts the stock market. U.S. stocks dropped heavily throughout today’s midday session as pessimism dominated global markets, where the Dow Jones Industrial Average index dropped bellow 10,000 amid concerns over China’s growth, and after the U.S. Conference Board announced consumer confidence fell in June to 52.9 from 62.7.
After yesterday’s fall of the U.S. stock market and the dramatic collapse of the Dow Jones Industrial Average at the end of trading, European markets opened in negative zone. Yesterday’s drop in Dow Jones Industrial Average was -40.73 points (-0.41%). Dow Jones index stood at 9899.25 points. Stock trading in Europe opened lower leading indexes amid fears about the worsening debt crisis in the region and developments in the Gulf of Mexico.
Swiss lawmakers are going to deal with two major banks of this country and to introduce strict regulation of the financial sphere. During the 3-week parliamentary session, which began on May 31 this year, lawmakers are likely to approve the transfer of information to tax authorities of the U.S. thousands of accounts of Americans in UBS AG.
Dow Jones Industrial Average started the new marathon of growth thanks to the positive statistics and the uncertain action bears. Stock trades in the U.S. opened on June 2 after the rise of the leading indicators of sales in the previous session. At the time the Dow Jones index rose by +117.67 (1.17%) – up to 10,141.69 points, the index S & P – on 6.92 points (0.65%) to 1,077.63 points, the index of Nasdaq – by 13.22 points ( 0.59%) and amounted to 2,235.55 points. Positive effect on market participants now have a statement of central banks of Brazil, India, South Korea and Japan that financial institutions do not intend to abandon the euro in its reserves management strategies, despite European debt crisis.
Dow Jones Industrial Average has an opportunity to play a big minus, which has grown over the past trading days. Now Dow Jones is a mark of 10,127.56 points. Growth Dow Jones index exceeded 1%. As a result of trading on June 1 2010. Dow Jones index dropped by 112.61 points (-1.11%) – up to 10,024.02 points. Similar dynamics of quotations has been associated primarily with an external negative background and geopolitical tensions: adversity persists on the Korean peninsula and the Middle East. Earlier it was reported that the Israeli Air Force planes have been attacking the Lebanese military during a reconnaissance mission over Lebanon.