Commodities rose, Wallstreet Exchange
Stock Report June 16th, 2010
NEW YORK – Wallstreet Exchange crashes in the U.S. again, despite being four days ago raised concerns about the U.S. government budget deficit is large. In addition, this situation worsened again with the fall in the dollar.
“Investors began to realize that interest rates will be high and cause the U.S. dollar will increasingly depressed,” said president of Alan B. Lancz & Associates Inc. as reported by Alan lancz from Reuters, Saturday (23/5/2009).
The Dow Jones experienced a decline of 14.81 points, or equal to 0:18 per cent to become 8,277.32. To index Standard & Poor’s 500 points crash as much as 1:33 or 0:15 per cent keposisi 887. The same thing happened with the Nasdaq index experienced by pnurunan points 3:24 or 0:19 per cent to 1,692.01.
Multinational companies and the commodities listed by the United States lost its investors would not have benefited from the weakening U.S. dollar. In fact, energy commodity prices are soaring due to increased demand for these commodities.
Meanwhile, gold is the most secure commodities (traditional safe heaven) has increased during the past two months, which reached the price of USD960 per ounce for the first time since late March. This causes the shares of gold mining companies stock price increases. In addition, the Chicago Board Options Exchange Volatility Index also increased to 4.1 percent.
