Exchange news, SP500. It is the sixth day that American shares keep falling. A negative image has been formed due to the tensed attitude to Eurozone debt crisis and weak industrial production in China. Moreover, weak demand for the placed 10-year German bonds, as the country’s Treasury has only received bids amounting to 3.9 bln. Euro for the previously placed 10-year securities, whereas 6 bln. had been expected. “Auction results highlight that even largest European economies are vulnerable, whereas the situation on the periphery is even worse,” – a comment from MarketWatch.
The number of unemployment claims was even higher than expected, and industrial orders in Eurozone have dropped. The problem of cutting US budget expenses has neither been solved.
Dow Jones index has dropped by 236,17 points or 2,05% to 11.257,55 points, S & P 500 index has dropped by 26,25 points or 2,21% to 1.161,79 points (by the way, it has dropped by 7% during 6 sessions), and technological index Nasdaq Composite index has dropped by 61,20 points or 2,43% to 2.460,08 points.
Department of Portfolio Investments claims that the shares of all sectors have dropped. The leaders of decline include bank sector (-3,497%), recovery of natural resources (-3,216%), building and building materials production (-2,952%). The leaders of loss include American Intl Group Inc (-4,331%), Bank of America (-4,190%), Alcoa Inc (-4,104%), JPMorgan Chase & Co (-3,5%), and Citigroup Inc (-3,9%).
The indexes of major exchanges in the countries of Asian and Pacific Region currently rise due to statistical data about US orders of durable goods, which appeared better than predicted, whereas Japanese stock market has faced negative news from Europe and has been moved into non-favourable zone right after a day-off on Wednesday.
At 08.35 Moscow time South Korean KOSPI rose by 0,28%, Japanese Nikkei Stock Average 225 lost 1,34%, Topix was cut by 1,3%, Australian S&P/ASX dropped by 0,1%, Singaporean Straits Times Index rose by 0,23%, the index of Shanghai stock market SSE Composite rose by 0,28%, and Hong Kong Hang Seng gained 0,45%.
