Tuesday, November 29, 2011

The Shopping on the rise, the Dow Jones rose 291 Points.

New York, stock prices on Wall Street rise very Bourse higher fuelled by the strength in spending the Thanksgiving holiday last week. There is new hope for overcoming the debt crisis pushes European shares rise in United States and European exchanges.Recent reports show that the buyer had stormed the Mall and shop online during the holiday season last weekend. The weekend after Thanksgiving is the day the retail sales. In the shopping season or often called Black Friday last week was the biggest selling in the last six years.The Dow Jones industrial index surged to 291,23 points (2.59) to as low as 11.523.01. The Nasdaq technology stock index rose 85,83 points (3,52%), 34, as well as be 2.527 S&P 500 index also climbed 33,88 (2,92%) to 956 55.1666667.The soaring sales at the beginning of the holiday season adds to positive economic indicators, including the stabilization of the number of unemployment benefit applications, so as to distance the U.S. recession anxiety going in two volumes. » It is seen in contrast with the gloom and turmoil which have hit the market during this season, "said Rob Lutts from Cabot Money Menagement of this."Many stocks that it has been in the area of the oversold, "he added.European markets also rose sharply after European Union leaders to discuss a new approach to finding solutions to the debt problems of the area. A plan to stabilize the economy of Europe with the same sell bonds together – to provide assistance to the countries most in need of assistance, such as Greece and Portugal.Investors are hoping that the latest sign of the sign – the decline in the debt crisis made European leaders to set a policy package that can assuage fears of the market, whether the euro can survive.Italy Exchange overnight closed up 4.6 percent, French Exchange rose 5.5 percent, and London exchanges also strengthened 2.87 per cent. So it is with the euro also strengthened to as low as US $ 1.33, as well as prices such as oil, gold and other commodities also rose.

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