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Saturday, 28 June 2008 |
American Stock Exchange is about to enter the market in the bear after another fall in the main indices from yesterday. During the last session of the week stock main Dow Jones index fell by 0.9 percent (106.91 points) to a value 11 346.51 points, which is the lowest level of the index from August 2006 until now. The broad U.S. index S & P 500 has decreased by 0.4 percent, to finish the session at 1 278.38 points.
Yesterday's losses increased weekly drop in Dow Jones and S & P 500 of 4.2 and 3.0 respectively per cent and the index are both about to celebrate rather weak monthly performance for June. Only one trading session before the end of the month Dow is 10 percent below its value at the end of May, which is the biggest decline, measured during this month of 1930 so far. In the S&P 500 is a similar situation as a monthly decrease of 8.7 percent so far is the largest of September 2002 onwards.
Reduced dimensions of Dow Jones in October peak of indicators now has only 0.1 percentage points below the limit of 20 percent, which is considered by investors as a signal for entry into the bear market. The reasons are related to new expectations for losses on disposal of assets because of the credit crisis Records in the price of oil and forecasts for a slowdown in the economy.
Among the most underperforming sectors is financial. The index, which measured his presentation - S&P 500 Financials fell to five year-bed yesterday because of forecasts of a new wave losses from the credit crisis. The price of shares of Merill Lynch decreased by 35 cents to 32.70 dollars on share, which is the lowest value since March 2003 to date. Papers of the largest property insurer MBIA has become more cheap by 22 cents to 20 per year bottom of 4.17 dollars to share.
Last week U.S. dollar record second consecutive weekly decline against the euro and again approach the bottom of its historical 1,6019 EUR / USD. Weekly trade exchange markets closed on cross 1,5794 EUR / USD, which increased the value of dollars from 16 June to date of 2.64 percent. |
Finances and Markets 
