China’s central bank reported a surprising jump in loans in March. That eased concerns about a sudden slowdown in the Chinese economy, whose growth has helped pull the globe out of recession.
Italy’s government easily sold $6.4 billion in bonds to investors. After the auction, borrowing rates for Italy fell, European stock indexes reversed earlier declines and worries about the continental debt crisis eased, at least for the day.
in New York, the Dow Jones industrial average climbed 1.4 percent to close at 12,986.58. It was the Dow’s biggest jump since March 13 and put the average within sight of clearing 13,000 again.
After the market closed, Google reported earnings that were ahead of analysts’ estimates and said it would issue a new class of non-voting stock to shareholders. Google rose 0.5 percent in aftermarket trading.
Dow Jones Recommended Levels april 13 2012
Today's support: - 12909.34, 12873.20 and 12827.38(main), where a delay and correction may happen. Break of the latter will give 12727.50, where correction also can be. Then follows 12687.14. Be there a strong impulse, we shall see 12639.28. Continuation will bring 12605.68.
Today's resistance: - 13005.00 and 13044.37(main), where a delay and correction may happen. Break would bring 13061.22, where a correction may happen. Then follows 13086.12, where a delay and correction could also be. Be there a strong impulse, we'd see 13109.87. Continuation would bring 13128.70 and 13140.00.
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