The U.S. shares fall at the last session the week after disappointing factory orders report for June, which fell by 1.4 percent compared to May - three times greater than that economists had expected. The report is another blow to the recovery of U.S. economy since the early signs were that it will be led by industry, reports CNBC. The market fluctuated in early trading after investors reflection data on employment in the U.S. in June, which showed a decline of 125 thousand jobs (the first of the year) with an expected reduction of 110 thousand. The leading Dow Jones index dropped by 0.2 percent in early trade to 9 713.80 points. S & P 500 was virtually unchanged at 1 027.25, and NASDAQ gave up 0.1 percent to 098.45 points 2. The decrease was not expected from the analyzers and this allowed the EUR currency to jump against the USD.
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The euro is a powerful shot from yesterday afternoon and rose over 300 pips against the U.S. dollar. Thus, the single currency increased in value by over 3 per cent, making it four away from bottom, reached earlier in the week. This occurs against the backdrop of the failure of stock indexes around the world, which continued yesterday in the U.S., and today is observed and the markets in Asia. In calculations by Bloomberg earlier this month of global market capitalization deletion worth 5.3 trillion. dollar, which threatens to become May darkest month of the Exchange since October 2008. Yesterday oil with delivery in June fell 2.7 percent on the stock exchange in New York and completed his trade at a level of 68.01 dollars per barrel, the lowest price since 29 September. The July futures lost 2.3 does per cent to 70.80 dollars a barrel, leading to black gold third straight weekly decline. This morning barrel U.S. light crude for July delivery is quoted at 70.20 dollars. Exchange in London yesterday by Brent oil fell 2.5 percent to 71.84 dollars a barrel. This morning, the July Brent futures quoted at 70.56 dollars a barrel.
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The Eastern Europe (CEE) is not a place to make easy money, but the region remains defined its long-term growth potential, despite the difficult months of the crisis. About this view is joined in the discussion participants’ Still CEE is Eldorado for European business? “, Organized by the UniCredit Group within the XIX Annual Meeting of the European Bank for Reconstruction and Development, held in Zagreb, Croatia, reported by UniCredit Bulbank. To realize the potential and maintain the position of CEE as a production arm of the European countries in the region should use the crisis as a time to speed up planned reforms. The crisis is time for change, said Revoltella. It focuses on human resources in the region and the willingness of people to undergo the necessary changes. One of the main assets of this region is qualitative human resources, but governments need to take care of him the form of investment in education and health, “says Revoltella. Lerka Puljic Agrikor state of tourism, energy and agriculture sectors as a really great potential for development in the region … “But to be fully realized growth potential, necessary infrastructure, and not just the form of roads, and more effective functioning administration,” said Puljic.
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The European stocks fell today for the second straight day due to the decline in raw material producers. Contribute to negative feelings and disappointments for investors to forecast sales of AstraZeneca, which is better than expected performance of Nokia and Hennes & Mauritz failed to compensate. Pan-European index Dow Jones Stoxx 600 lost 1.1 percent to 244.61 points. From its peak this year, reported on 19 January, the index has lost over 6 per cent as announced by President Barack Obama’s plan to reduce the risk activities of banks and action by China to cool the economy. Major national indexes fell on 13 of the 18 western European markets. The French CAC 40 lost 1.9 percent to 3688.79 points, the British FTSE 100 fell by 1,4 per cent to 5145.74 points while the German DAX retreated by 1,8 per cent to 5540.33 points. Shares of ArcelorMittal and BHP Billiton retreated accordingly by 2,4 percent and 3,7 percent due to cheaper metals. Shares of British drug maker AstraZeneca lost 4,6 to even hundred forward Bloomberg.
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