The Stock Markets Today - april 12, 2010

We have an exciting day behind us.
Let's see what have happened


The Dow index closed over 11.000 points, which last occured in october of 2008 before the crises started.

Source: www.bloomberg.com

As I wrote in the post before Alcoa started today the season of 1Q financial results. After the release some owners sold their shares as you can see on this graph of Marketwatch.
The picture shows state at 23:11 CET (05:11PM ET).

I think that the most exciting events happened in the USA, but I can mention one important event in Europe. This event is connected with Greece, who can get financial help from EU when it is needed. The size of financial aid is 45 billion € and Greece get it when its financial situation gets worse.


So let's see how reacted the european markets:

The index of Frankfurt Stock Exchange gained only 0.02%, which might mean, that german investors are concerned about the Greek help package. Probably, the main reason is the fact, that German taxpayers would pay the highest amount of the aid. You can read what Bloomberg thinks about the situation.
So, here is the graph of DAX index:

My favourite german share, the Commerzbank, has a silent day. Its closing prise was 6.374€ (+0.032 / +0.50%) on Xetra and 6.399€ on Frankfurt (+0.059 / +0.93%).

The Stock Exchange in Prague has a silent day, too. It closed at 1,247.5 points, which means 1.07% gain.

Yesterday elections took place in Hungary and the winner became the Fidesz lead by Viktor Orbán. Trades reacted calm and the index of Budapest Stock Exchange (BUX) closed at 25,163.09 (+9.35/+0.04%). I suppose that the markets will react more agressively when the economic program of the new government became public.
Finally , this is the chart of the BUX index:

This week would be very exciting, because another financial report become public.
So good luck for trading.