Dow Jones, Stronger Thin 5 Points

Reporting NEW YORK - The latest information about the economy. Index 'Dow Jones' only thin about five points higher, accompanied by a strengthening of seed stocks in the 'Wall Street', which involved strengthening thin at the close of trading Thursday, 4 June 2010. local time.

A number of investors re-consider the existence of the signal varies with the economic recovery superpower 'United States', ahead of May jobs data report is awaited.

As quoted from the 'AFP', Friday, 4 June 2010, the main index skidded lower but rose again to close in positive territory, after opening with moderate rise.

This can be shown, with the 'Dow Jones Industrial Average' little rose 5.74 points. 0.06% to 10255.28. This suggests an extension rally sharply Wednesday 2.25%. Meanwhile, the technology-heavy Nasdaq index climbed 21.96 points (0.96 percent) to 2303.03 and the S & P 500 index gained 4.45 points (0.41 percent) to 1102.83, breaking the psychological threshold of 1100 sensitive.

"Currently, shares war against weaker today, as all three major market indexes struggled to extend its bullish action on Wednesday for the second consecutive session," said analysts 'Schaeffer `s Investment Research' is Elizabeth Harrow.

Department of Labor will publish employment data and unemployment on Friday, one hour before the stock market opened.

Meanwhile, investors have a diverse bunch of news to digest, including the decline in weekly initial claims of unemployment, the report 'ADP' disappointing on job creation and private sector ISM index is flat in the service sector growth. thank you already visited my blog. (Otofinanceinfo)

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Black Gold Prices Rise USD73

Reporting LONDON - The price of the black gold of the world succeeded in rose above the level of USD73 per barrel, at the close of trading Wednesday, 06 juni 2010 local time. This brings benefits for the traders, due to the loss cleared seajk corrected early trading, traders said.

As quoted from the AFP on Thursday (06/03/2010), for New York's main contract, light sweet crude for July delivery, rose $ 1, 2004 to the level of USD73, 62 per barrel. Meanwhile, crude for London's Brent North Sea for July delivery rose $ 1, 65 to USD74, 36.

Wall Street managed to turn up on Wednesday and European equities regained some of their losses as investors hunt action shares have fallen sharply on fears the euro zone debt and the global economic recovery.

The Dow Jones Industrial Average rose 0.31 percent at the opening, a day after falling amid fears of new European bank problems and a decrease in growth in China, as well as cope with rising costs of the Gulf of Mexico oil spill disaster.

Meanwhile, pending home sales rose for the third carrying the current month in April as home buyers rushed to sign the contract before the expiry of government's tax credit. Thank you for visiting (otofinanceinfo)

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European Banking Losses, Could Reach 195 Billion Euros

Frankfurt Report - 'The European Central Bank / ECB' yesterday warned that potential losses on banks in the euro zone could reach 195 billion euros in the next 18 months, when entering a second wave of crisis.

Losses were estimated to have occurred if the banks increase the share of purchases of government bonds in the euro zone is still considered risky due to high budget deficits.

ECB says euro zone banking sector needs to increase fees for mengkover losses this year are estimated at 90 billion euros and 105 billion euros in the next year. The loss is due to the write off bad loans in 2009 amounted to 238 billion euros.

"This projection was first issued by the ECB for next year despite the decline in total assets at the end of 2010 tended to be lower than previously estimated," the ECB said in a recent Financial Stability Report, released yesterday, as reported by the 'Reuters', Tuesday 1 June 2010.

However, the decline in government assets in the euro zone over the next two years, is estimated to be greater if debt ratio is still high despite the government made various efforts thrift.

'ECB' began buying most of the debt of Greece, Portugal, and Spain as a form of support for economic stabilization pascakucuran bailout package worth almost $ 1 trillion early last month. Thank you for visiting (otofinanceinfo)

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