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United States: a reduction in confidence and increase delays on the mortgage is not warned of optimism

Jul 1st, 2009 | By admin | Category: News International Markets

Tuesday, June 30, the stock indices of the United States by mid trading session on the background of an unexpected decline in consumer confidence in June, as well as take-off for non-payment of mortgage loans have shown negative dynamics.

Chicago business index for the current month increased from 34.9 to 39.9 points, which exceeded analysts' expectations and led to the growth indices in early trading session, while the index of consumer confidence for the same period suddenly decreased from 54, 9 to 49.3 points against the projected growth of up to 55 items.

The number of mortgage loans of prime, the delay of payments by more than 60 days, according to government figures, for the period ending 31 March rose to 2.9% against the value of 1.1% a year earlier.

At mid-auction 20:43 PM IST barometer blue chips Dow dropped 1.24% to the value 8 423.47 points, while the wide SP 500 index weakened to 1.17% and reached 916.35 points. The rate is fairly high-tech companies Nasdaq stock reduced to 0.74% to 1 830.41 points.

Quotations construction equipment manufacturer Caterpillar declined by 4.61% to $ 33.14, while the media company Walt Disney fell by 0.35% to $ 48.59 the reduction of consumer confidence to a state of the economy.

Shares lender Citigroup cheaper at 1.99% to $ 2.96, its competitor JPMorgan fell by 1.4% to $ 34.11 as a result of government data relating to levels of delay on the mortgage loans. The total number of non-payment mortgage with a delay of more than 60 days during the period under review compared to last year increased by 88%.

Paper energy company Southern rolled to 3.61% to $ 30.71 after Citigroup analysts lowered recommendations for actions to assess the hold.

Quotes of the commodity sector also remained in the red on a background of weakening of prices for raw materials and metals. Thus, the paper Exxon Mobil oil fell to 1.9% to $ 69.24, while shares of mining, Freeport McMoRan Copper Gold dropped 0.93% to $ 49.86.

oil futures Light brands at 20:44 AM EDT traded down to 2.52% to $ 69.69 a barrel. The value of gold decreased by 1.2% to $ 929.4 per troy ounce, while the rate of pair EUR /USD weakened to 0.29% to $ 1.404 per euro, and the pair USD /JPY gained 0.32% to 96.38 yen to the dollar.

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