The United States is about to become the director of the National Economic Council, Summers said that the government will only spend money to stimulate consumer spending will be on a short-sighted mistake. Has served as the U.S. Treasury Secretary Summers said that the policy of taking into account the need to create jobs in the short term and long-term investment needs of both.
Japan's three major insurance companies - Mitsui Sumitomo Group Holdings, Aioi Insurance, as well as damage with Nissay and damage insurance plan merger to create Japan's largest non-life insurance companies. The main purpose of the merger tide over the difficult period of economic downturn because of the financial crisis has led to the Japanese auto insurance and fire insurance market demand.
Data, the French gross domestic product (GDP) in the third quarter of the value of the end for the growth of 0.1 percent, to confirm the euro zone's second-largest economies - France in 2008, not just slipping into a recession. Statistics released by the end of November with the value in the early hours of the same value. France in 2008 in the second quarter GDP shrinking 0.3 percent. The data show that France has not enough to plunge into recession.
Human Experts predict that next year there may be up to the United Kingdom 600,000 people are unemployed, will be set in 1991 for the worst performance. Believes that a wide range of expected economic downturn next year will be a serious blow to Britain, the economic recovery will be postponed or unemployed before the nearly 300 million mark. Britain's bleak economic outlook fell to promote pounds.
Corporate news, Dow Chemical and Kuwait decided to scale up from 17,400,000,000 U.S. dollars joint venture, the news made investors worry that Dow Chemical may not be able to complete the acquisition of Rohm & Haas, led the U.S. stock market fell. The billionaire investor's investment company Tracinda Kekeruian the spokesman said Kekeruian has sold its holdings of Ford Motor all remaining shares.
The stock market, U.S. stocks fell Monday, the Dow Jones industrial average was down 31.62 points, or 0.37 percent to 8483.93 points.
The bond market, U.S. bond prices rose most, as a result of the outbreak of violence in the Middle East conflict to hedge buying of new support. The impact of hedge buying has been going on for more than a year. For the biennium public bond yields fell to 0.79 percent; 10-year yields fell to 2.11 percent; 30-year yields 2.64 percent was reported.
Commodity market, U.S. crude oil futures rose in trading in shock, mainly due to the tense political situation in the Middle East, a weak dollar, China intends to expand the Strategic Petroleum Reserve, as well as bargain hunting set, and so on. NYMEX-2-dated crude oil futures up 2.31 U.S. dollars or 6.13 percent, reported 40.02 U.S. dollars a barrel. New York Mercantile Exchange (COMEX) -2, gold closed at 875.30 U.S. dollars an ounce on the increase of 4.10 U.S. dollars or 0.47 percent.
In the foreign exchange market, the dollar index yesterday's sharp oscillation and eventually closed below 80.685.
The euro against the U.S. dollar: as a result of investors in quiet trading in again to absorb dollars, while the euro was unable to hold as a result of war in the Middle East again and recorded a rise. New York trading, the euro against the U.S. dollar fell 0.6 percent to 1.3977 U.S. dollars, 1.4361 earlier opinions. The current trend, the current top of the pressure, the euro has a tendency to make the top. Concerned about the range of 1.39-1.42.
Sterling against the dollar: in 2009 there were reports of British house prices will fall further, sterling trade-weighted index earlier fell to a record low of 73.7. Sterling against the dollar also see a low 1.4456 U.S. dollars, in May 2002 to the worst level. As the British economy in the doldrums, the pressure on the British role is quite obvious. Has been below the key 1.46 support, market outlook will remain weak pound.
Original article reprint please specify: Reprinted from
http://chinasfinancial.blogspot.com
Japan's three major insurance companies - Mitsui Sumitomo Group Holdings, Aioi Insurance, as well as damage with Nissay and damage insurance plan merger to create Japan's largest non-life insurance companies. The main purpose of the merger tide over the difficult period of economic downturn because of the financial crisis has led to the Japanese auto insurance and fire insurance market demand.
Data, the French gross domestic product (GDP) in the third quarter of the value of the end for the growth of 0.1 percent, to confirm the euro zone's second-largest economies - France in 2008, not just slipping into a recession. Statistics released by the end of November with the value in the early hours of the same value. France in 2008 in the second quarter GDP shrinking 0.3 percent. The data show that France has not enough to plunge into recession.
Human Experts predict that next year there may be up to the United Kingdom 600,000 people are unemployed, will be set in 1991 for the worst performance. Believes that a wide range of expected economic downturn next year will be a serious blow to Britain, the economic recovery will be postponed or unemployed before the nearly 300 million mark. Britain's bleak economic outlook fell to promote pounds.
Corporate news, Dow Chemical and Kuwait decided to scale up from 17,400,000,000 U.S. dollars joint venture, the news made investors worry that Dow Chemical may not be able to complete the acquisition of Rohm & Haas, led the U.S. stock market fell. The billionaire investor's investment company Tracinda Kekeruian the spokesman said Kekeruian has sold its holdings of Ford Motor all remaining shares.
The stock market, U.S. stocks fell Monday, the Dow Jones industrial average was down 31.62 points, or 0.37 percent to 8483.93 points.
The bond market, U.S. bond prices rose most, as a result of the outbreak of violence in the Middle East conflict to hedge buying of new support. The impact of hedge buying has been going on for more than a year. For the biennium public bond yields fell to 0.79 percent; 10-year yields fell to 2.11 percent; 30-year yields 2.64 percent was reported.
Commodity market, U.S. crude oil futures rose in trading in shock, mainly due to the tense political situation in the Middle East, a weak dollar, China intends to expand the Strategic Petroleum Reserve, as well as bargain hunting set, and so on. NYMEX-2-dated crude oil futures up 2.31 U.S. dollars or 6.13 percent, reported 40.02 U.S. dollars a barrel. New York Mercantile Exchange (COMEX) -2, gold closed at 875.30 U.S. dollars an ounce on the increase of 4.10 U.S. dollars or 0.47 percent.
In the foreign exchange market, the dollar index yesterday's sharp oscillation and eventually closed below 80.685.
The euro against the U.S. dollar: as a result of investors in quiet trading in again to absorb dollars, while the euro was unable to hold as a result of war in the Middle East again and recorded a rise. New York trading, the euro against the U.S. dollar fell 0.6 percent to 1.3977 U.S. dollars, 1.4361 earlier opinions. The current trend, the current top of the pressure, the euro has a tendency to make the top. Concerned about the range of 1.39-1.42.
Sterling against the dollar: in 2009 there were reports of British house prices will fall further, sterling trade-weighted index earlier fell to a record low of 73.7. Sterling against the dollar also see a low 1.4456 U.S. dollars, in May 2002 to the worst level. As the British economy in the doldrums, the pressure on the British role is quite obvious. Has been below the key 1.46 support, market outlook will remain weak pound.
Original article reprint please specify: Reprinted from
http://chinasfinancial.blogspot.com
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