Stock Market Today

Before the bell on Tuesday, the U.S. Commerce Department reported that trade deficit data in may hit the new high since one and a half year ago due to the surge in imports from China is far greater than the impact of falling oil prices, international trade deficit in goods and services in may increased by 4.8% in the chain, it reached 42.27 billion U.S. dollars, created the new high since November 2008, economists on average had forecast in May trade deficit will drop to 38.9 billion U.S. dollars.

Moody’s Investors Service cut two levels of sovereign debt rating to make it down to A1 because of deteriorating financial position of the Portuguese government, economic growth prospects and other reason , but with the increased risk investment preferences of the market, the euro-dollar exchange rate continued to climb to more than 1.27, the current report 1.2705, the news that Greek government successfully issued bonds for 6 months give an extra push to the Euro, treasury prices fell, 10-year U.S. Treasury yields rose to 3.10%.