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Tuesday, December 1, 2009

Dubai Crisist and dow jones

Dow Jones Pengutan much as 34 points in trading Sein 30/11/2009) local time, as well as bringing news of the crisis subsided dubai, where for the last few days, this crisis has hit all sectors of the global financial markets.

As reported by Reuters on Tuesday (1/12/2009) other than that, not long before the market closed, the largest company in Dubai said the restructuring plan from several units involved $ 26 billion in debt, so that ease some concerns about the impact the crisis Dubai to all sectors .

Some investors look at the index fluctuates throughout the trading day, but it was a report that retail sales less well during the Thanksgiving holiday. Sales of retailers, including Macy's Inc. and Saks Inc. fell sharply, while sales through online systems such as Amazon.com to record high sales.

Investors were not surprised by the lack of sales of vacation time, because the level of consumer confidence is still low and unemployment is still above 10 percent. They also buy stocks because of other investment instruments such as bonds, does not offer such a high return on the stock.

Meanwhile, traders are still waiting for relevant government statement of November the unemployment rate. In addition, the statement merestrukrisasi Dubai which will also boost the debt index.

Positive sentiment affects the Dow rose 34.92 points, or 0.3 percent, to 10,344.84. Meanwhile, the S & P 500 gained 4.14 points, or 0.14 percent equivalent to the level of 1095.63, and the Nasdaq index climbed 6.16 points, equivalent to 0.3 percent, to 2144.6.

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