Bad news hit the stock market, boosting safe-haven assets rise

 Analysts: Majin Zi
bad news hit the stock market, boosting safe-haven assets rose
4 月 7 Day International spot gold rebounded slightly, because Alcoa announced first quarter results decline, coupled with It is reported that General Motors is preparing to file for bankruptcy, and the International Monetary Fund,UGG boots clearance, the latest data on toxic U.S. financial sector debt will continue to rise,UGG boots, the bad news hit the stock market fell, dragging down crude oil futures fell, while pushing up the price of gold and U.S. dollar gains.
U.S. stocks fell Tuesday,UGGs, as dismal first quarter, Alcoa, Alcoa two consecutive quarters of decline, the market is expected to aluminum market outlook will be very weak,bailey UGG boots, the decline in demand coupled with the current price of aluminum fell , and then news that General Motors is busy as possible to prepare for bankruptcy filing, General Motors shares tumbled nearly 12%, to $ 2, the market is now worried about the first event of the automobile industry filed for bankruptcy protection, it will affect other companies in the automotive industry, but also will affect other industries, this will cause many negative effects of economic. Meanwhile the International Monetary Fund (IMF) latest projections of the data show that the toxic accumulation of banks and insurers Debt may rise to 4 trillion U.S. dollars, the news also weighed on market sentiment, making the U.S. crude oil futures fell nearly 4% on Tuesday, the current impact of the financial markets continued to energy markets, U.S. stocks fell further on the economic recovery of the market worried about the future, coupled with bad news in the U.S. banking industry, raising investment in high-risk industries ----- leaving the stock market, and buying the dollar and gold as safe-haven assets.
Tuesday, the Dow Jones industrial average fell 186.29 point margin of 2.34%, to close at 7,789.56 points; Standard & Poor's 500 index fell 19.93 points, margin of 2.39%, to close at 815.55 points; Nasdaq composite index fell 45.10 points, margin of 2.81%, to close at 1,561.61 points . the United States fell to enhance the appeal of gold as a safe-haven assets.
4 7 largest gold EFT world the latest data shows that in the April 6, 2009 increased 2.528 t of gold, as of April 7, 2009, Gold hand in a trading day open interest added to 1.1 tons, the total volume of 1,377.268 tons positions.
focus today:
U.S. wholesale inventories in February, U.S. crude stocks last week, changes in EIA, is expected to increase in crude stocks last week 190 Wantong, oil inventory reduction, if and as expected, it means that U.S. crude inventories last week, the fifth consecutive weekly increase.
attention to the reasonable control of position, strict stop loss, maintain a good investment mentality, cut Do not blindly chase sell, with reference to crude oil, the dollar index and the news of Europe and the United States dynamic.
support 870/856 Resistance: 905/909
(Investment involves risk, should be within their means, the recommendations are for reference, the risk themselves)