United States: World Bank led to sale at a discount on the stock exchanges
On Monday, June 22, the American completed the stock market trading session with a negative result, the Standard Poor's index of 500 departed the strongest way for 2 months. The reason for the sale was a statement by the World Bank that the recession will be deeper than expected. Against this background, trezheriz went, as oil and metals were in the red. At the same time, a professor at the University of New York Nuriel Rubin, known for its accurate forecasts about the crisis, believes that the world economy faces another blow, this time because of rising oil prices under $ 100 a barrel and increasing budget deficits.
At the end of the trading index of Standard Poor's 500 lost 3.06% to a mark of 893.04 points, the indicator blue chip Dow Jones Industrial Average fell by 2.35% to a level of 8339.01 points, while the index of high-tech sector Nasdaq Composite lost 3, 35%, to close at around 1,766.19 points. In doing so, and the SP 500 and the DJIA has already been razed to zero their winnings from the beginning of the year.
Commodities producers fairly lost market value against the backdrop of falling prices of industrial metals and oil. The world's largest copper producer Freeport-McMoRan collapsed by 11%, leading aluminum producer Alcoa lost 8.9% of market value, a giant steel industry US Steel lost 9.2%. Oil company Exxon Mobil has gone in at minus 3.1% after the drop in the price of black gold in New York at 3.8% to a level of $ 66.93 per barrel.
The financial sector also remained in the knock-out - sectoral index lost more than 6%. The largest bank by total assets Bank of America collapsed in the 9.7% after the announcement of the resignation of two board members who became the sixth and seventh, respectively, top manager, who left the Council in April. Shares JPMorgan Chase Co and Wells Fargo Co lost more than 6%.
Shares in the largest U.S. dealer of used cars CarMax collapsed to 8.3% after analysts Deutsche Bank lifted its recommendation on the purchase of CarMax, advising their clients keep.
The second-largest network of drugstores Walgreen has lost 5.7% of market value, after the fall of the profit reported for the quarter at 8.7%, disappointed Wall Street analysts.
Apple Shares finished the session in the red at 1.5% despite news that since the recent release of its new iPhone sales exceeded 1 million units. There were rumors that the head of Apple, Mr. Dzhobs taking the hospital from January, brought a liver transplant about two months ago, which will soon be notified in the event of a return to the post of CEO.
Overview of the foreign exchange market 24.06.09
Latin America: markets do not want to persist in the region capable of correcting
United States: SP 500 and Dow Jones,on the basis of the session broke up in the dynamics of
Europe: the fall metalloproizvoditeley and insurance companies exceeded the rise of retailers and utilities
Asia: the commodity sector has weakened regional indices, the Chinese banks are waiting for the new indulgence
Week on the world stage: Iran rally, and developing economies silent
Overview of the foreign exchange market 23.06.2009
Latin America: the indexes continue to follow on the heels of the price of Commodities
Credit unions started in shares
