Euro up to the lowest level since 2010
26/05/2012
Integrity electronic / Barcelon 
Euro exchange rate fell to below $ 1.25 for the first time since early July 2010 after the province declared the richest provinces of Spain, Catalonia Autonomous they are in need of financial assistance from the central government has raised concerns about further outbreaks of the debt crisis of the euro area. The price of the euro to 1.2496 dollars, which the lowest level since June 6, 2010.
And recorded U.S. stocks lower, the Dow Jones industrial average major U.S. 31.93 points, or 0.25 percent to 12497.82 points. And went down the S & P 500 0.51 points larger, or 0.04% to 1320.17 points,.
The Nasdaq Composite Index was up 1.47 points-tech companies, or 0.05% to 2837.91 points. But in Europe resumed its shares rise after big losses earlier in the week with the support of recovery in banking stocks, while some analysts speak of the hopes that the authorities will announce new measures to stimulate the economy. The Nasdaq 300 index of top European shares rose as the major Euro Stoxx 50 index of European shares outstanding by 0.8%.
Banks were among the biggest gainers as shares of banks index rose 1.4% euro zone. The financial stocks tumbled because of their exposure to the euro zone debt crisis and fears of the consequences of Greece out of the region.And Credit Agricole said in a research note, “We expect to move the European Central Bank on June 6. In addition to the technical picture suggests that current levels attractive to the wider market.
alestiqama
