The news which circulated the market about antenna problem in the new iPhone 4G has pushed apple shares down to almost 1% in single day trading. It is expected that Apple shares will further fall to average 6%

The new iPhone 4 faced much criticism when the later new about the reception problem. The CEO of Apple Steve Jobs apologized to people and denied that the new iPhone 4 have antenna problems and the problem persist while users cover the specific spot of iPhone with bare hands. Apple shares slipped $1.80, almost 1 percent, to close Friday at $249.30.

A fraud case brought by the Securities and Exchange Commission against Goldman Sachs has been settled for $550 million, sources acknowledged Financiere. The Commission will proclaim the settlement at a press conference today.

The Euro currency exchange rate rose against U.S. Dollar Thursday, after frequent stock fluctuation. The market has again showed Euro investors hope that Euro will recover to new extents and this time profiting to almost 23.5%. “The currencies are following the fluctuation in the equity market and setting up the market trend for itself”, said Fabian Elision, head of U.S. currency sales at ASZ Financial Group Inc.

The stock markets around the world after FIFA world cup final 2010 looks sharp and upward as markets are steady and gaining around the world. The Dow, which was below 9,980 points last week is has now crossed 10,225 points which has shown enormous growth in the new york stock exchange.

British Pound and US Dollar Exchange rate is now 0.4% lower making 1 GBP = 1.5131 USD. Pound also lost against Euro where 1 GBP = 1.1961 EUR. The British pound has witnessed the lowest level since two weeks early this morning in London. The British Pound Sterling exchange rate has weakened against sixteen major and heavily traded currencies around the world.

The Stock Markets around the world were seen under negative trend specially in China where the industrial companies dropped and banks of China were seen rising. The stock markets around the world were cautious as U.S. services reports were disappointing allowing investors to be cautious in making investment move.

Oil prices rose to nearly $73 a barrel in Asia and similar effects were seen in stock market and euro exchange rate. The euro advanced to $1.2594 from $1.2537. The euro will continue rising till the end of August

Smoke was also seen rising from the oil spill site as natural gas was burnt off. After the recent damages bill, BP is now more vulnerable to a takeover by either it’s competitors or by the government. Libya have shown interest in buying BP Shares and it is quite possible for Libya to be a major Stakeholder of BP. Nearly 45,000 employees are working on the oil spill site for clean up purposes.

The NYSE Dow Jones is currently at 9686 points. The British Stock Market FTSE 100 was recorded flat at 4,836.28 whereas Germany’s DAX was recorded at 5,834.21 and France’s CAC-40 was recorded at 3,340.00. Shanghai index was down by the afternoon at 2363 points whereas Nikkie was at 9266 points.