Dow Jones Industrial Average breaks its upward trend

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Source: Marketwatch
© Scanpix/AFP

On Thursday trade Dow Jones Industrial Average erased gains accumulated since December 2 and tumbled 1.63% or 198.67 points at 11,997.70.  Drop was mainly caused by European officials' inability to agree on joint position, based on which investor confidence declined. 29 of 30 companies within blue chip index experienced loss led by Bank of America and JP Morgan Chase giving up 5.09% and 5.24% respectively. The only company on the upside were McDonalds Corp. which added 0.49%.

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Fri, 09 Dec 2011 13:40:29 GMT

US stock futures increased

US stock futures increased as investors anticipated economic data of the US and were inspired by news that 23 members of the EU agreed on closer fiscal cooperation. Futures on the Dow Jones Industrial Average added 53 points to 12,065 and futures of the Standard & Poor's 500 index gained 5.70 points to 1,235.9. Nasdaq 100 futures increased by 7 points to 2,288.5.  

Fri, 09 Dec 2011 13:39:45 GMT

Germany's Exports decline on low demand from southern Europe

German exports declined by 3.6% in October in response to falling demand in the southern Europe affected by recession, according to official data. The decrease was the largest in the last six months; analysts projected the fall to be 1%. Imports declined by 1%, also signaling lower domestic demand.

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