European debt issues have grown to be the largest concern having their effect on the performance of the global indices as U.S. stocks have started their session with the large decline. However such pattern seemed to continue only until the closure of European trading platforms, as DJIA Index cut its decline from 301 to only 100 points as seen in a daily performance. Default of any European countries is seen as a striking factor for Euro as a representative currency of European Union.

The concerns about Europe and the US economy bolstered the prices of assets that traders see as more likely to hold their value during a weak economy. The yield on the 10-year Treasury note fell to 1.97 percent, one of the lowest rates since the Federal Reserve Bank of St. Louis began keeping daily records in 1962. Low interest rates mean that large companies are able to borrow money at some of the lowest rates on record. Consumers have benefited from lower rates on mortgages, private student loans and other kinds of debt. However retirees, savers and others who rely on some kinds of interest income are now earning less.

Obama has given a speech, discussing future policy which is supposed to be a catalyst for future economy growth. Oil price has reacted immediately with an increase to 86 USD per barrel (with 87 USD highest value per trading session). We expect tomorrow performance of the company’s indices reflect this positive trend through UAIndex.

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