U.S.: Chinese slump dragged U.S. stocks

On Monday, August 31, the stock indices of the United States, despite a fairly upbeat way for National Statistics showed negative dynamics, due to general pessimism after the collapse of the Chinese stock market indices, which entailed the weakening of the cost of oil and metals.

, released statistics showed an increase in the Chicago index of business activity in August from 43.4 to 50 points, while expected to increase to 48 points, which, however, failed to alter the general pessimism.

Bank of America analysts also lowered the recommendation on shares of Morgan Stanley, considering them to 79% off on 9 March this year, excessive than put pressure on the banking sector as a whole.

At mid-auction 20:25 IST barometer of blue chips, the Dow sank to 0.84% to the value of 9 463.84 points, while the more wide SP 500 index weakened to 1.08% and reached the mark of 1 017.77 points. Rate with a large proportion of the shares of high-tech companies Nasdaq has lowered 1,17% to a value of 2 005 points.

Quotes service provider associated with the production of oil, Baker Hughes slipped to 8.09% to $ 35.01 after the company agreed to buy BJ Services for $ 5.5 billion to add to his business operations for the extraction of natural gas and deepwater drilling. Stocks BJ Services, in turn, soared 6.03% to $ 16.36.

financial sector on fears of excess of the previous rally was in a corrective mood. Papers of insurer AIG have fallen on 8,42% to $ 46 on the background of statements by Barron's on the overvalued shares, as well as recommendations to fix the gain on securities Citigroup, quotes which are easier to 3,44% to $ 5.05.

Paper Morgan Stanley fell 2.58% to $ 28.75. Bank of America analysts lowered the recommendation on shares of the creditor, stating on their overvalued.

mining and oil sector dragged down the weakening commodity prices and metals. Thus, quotes of the world's largest oil company Exxon Mobil thinner at 0.98% to $ 69.43, its rival Chevron fell 1.36% to $ 69.72, while mining company Freeport McMoRan declined by 3.7% to $ 63.06.

Equity Media Walt Disney Co. retreated 3.24% to $ 25.97. Company agreed to buy Marvel Entertainment for $ 4 billion Papers Marvel Entertainment, in turn, jumped 25.41% to $ 48.47.

futures crude oil Light at 20:25 IST bargained with a decrease of 4.56% to $ 69.42 per barrel. Gold prices fell by 0.69% to $ 952.1 per troy ounce, while the rate of EUR /USD pair was strengthened to 0.39% to $ 1.435 per euro, and the pair USD /JPY has lowered 0,92% to 92.74 yen per dollar.

Futures on RTS Index fell for a day on 2,53%, closing at a value of 104 925 points
Europe: in the absence of trading in the UK bulls are bored
The process of entering the bank National Credit new investor - in the final stage
EU rejects plan to rescue Germany's Opel
On the last day of summer domestic exchanges declined against the background of another correction oil quotations
Putin has reserved an entire 5-star hotel in Sopot
Cabinet has forbidden to alienate property Nadra Ukraine without his permission
Credit unions required to curtail lending and deposit issue
The Kiev authorities have limited trade in the metro



Leave a Reply
\