FLGS – Global Finance Report

Increasing Dow surged 132 points on Monday trade (23/11/2009) local time, triggered by expectations of better sales of homes in America. Strengthening it, triggering a number of investors back to the bourses.

As quoted in Reuters on Tuesday (24/11/2009), the three main U.S. indexes rose more than one percent, while the low trading volume before the Thanksgiving holiday. Many of the positive sentiment that became the trigger for investors, including economic recovery and interest rates are still low maintained.

In addition, reports The National Association of Realtors on home sales increased 10 percent in October month and statements Head of the Federal Reserve Bank of Chicago, Charles Evans, that the recession is going to have minimal opportunity to repeat though unemployment is still potential to increase until next summer.

Coupled with the statement President of the Federal Reserve Bank of St. Louis James Bullard representation that the Fed should continue the rescue program bad credit (mortgage), which will end next March. This will impact on the preservation of the level of interest rates.

These sentiments, with the Dow Jones index had climbed 132.79 points, or 1.3 percent to the equivalent 10,450.95. Meanwhile, the S & P 500 gained 14.86 points, or 1.4 percent to equal 1106.24, and the Nasdaq index rose 29.97 points, or 1.4 per cent equivalent to 2176.01.