European Central Bank kept its main interest rate unchanged
Xinhua Frankfurt Feb. 4 (Xinhua Huan Public brother) 4 European Central Bank announced that it will lead euro zone interest rates unchanged at 1%. This is since last May European central bank will dominate the first 9 months interest rates remain at historically low levels.
European Central Bank to continue to remain at historically low interest rates led,UGG boots cheap, mainly on account of the uncertainty of the current economic recovery, high unemployment and the Greek government debt crisis.
the euro zone's current economic recovery is still fragile. The European Commission had expected the eurozone economy shrinking 4% last year, the ECB forecast eurozone growth this year and next, respectively 0.8% and 1.2%. Last November, the euro Area unemployment rate reached 10%, is the first time since the establishment of the euro area in 1999 to reach double digits.
more severe, the Greek and other countries as the euro zone government debt crisis is the biggest threat to economic recovery. At present the Greek budget deficit proportion of GDP has reached 12.7%, of its sovereign credit rating was sharply reduced. The Greek Government recently announced plans to budget deficit by 2012 the proportion of total gross domestic appreciation reduced to less than 3% of EU requirements. But EU officials and the market investors are not optimistic, the European Commission responsible for economic and monetary commissioner Joaquin. Almunia said, are also at risk.
view of the uncertainty of economic recovery, the current market, the European Central Bank is expected until the fourth quarter of this year will not raise interest rates. but in order to prevent excess liquidity, the ECB has begun to gradually withdraw taken during the crisis emergency rescue measures.
New York stock market suffered three major indexes fell
Xinhua News Agency, New York, February 4 (Reporter Niu Hairong) - less than expected by the job market data, and investors worried about the European sovereign debt crisis of the enhanced effects, 4 on the New York stock market fell sharply, the Dow Jones index fell below the million mark in intraday trading, the most representative of the S & P 500 market trends fell more than 3%.
as investors worried that Greece, Spain and Portugal European countries there is a deficit crisis in the risk of gradually expanding, market sentiment was a heavy blow, the New York stock market opened down quickly.
U.S. Department of Labor employment data released the same day is worse than expected, increasing the market's sustained economic recovery of concern. The report shows that as of January 30 the week, the United States for the first time the number of applications for unemployment benefits increased by 8,000, the total rose to 480,000, while the market had expected the figure will be significantly reduced.
addition, dollar against other major currencies the day strong, the dollar index climbed to 7-month high, to put pressure on commodity prices. Gold futures prices tumbled close 4.4%, while crude oil futures prices ended more than 5% drop, drag the relevant section lower stock prices.
to the New York stock markets closed, the Dow Jones 30 Industrial Average index over the previous trading day down 268.37 points to close at 10,002.18 points, down 2.61%. Standard & Poor's 500 index fell 34.17 points , to close at 1063.11 points, down 3.11%. The Nasdaq composite index fell 65.48 points to close at 2125.43 points, down 2.99%.
London stock market ended sharply lower 4 the other two major indexes in Europe were also both London stock market fell 4
ended sharply lower, November 5 lowest close since.
analysts believe that investors on the global economic recovery and growth pressure on the broader market pessimism.
led the Bank of England interest rate decision day, remained at 0.5% historically low levels unchanged, and decided not to expand the market scale of the money supply directly, this decision did not give the stock market into life.
stronger dollar led to decline in metal prices, thus weighing on mining shares. Ranking in the day, blue chips decline List the top 5, the mining sector accounted for 4 seats. Kazakhstan copper fell 9.51%, the highest in the charts, intellectual 利安托法加 Vista, Eurasian Natural Resources and the decline in India's Vedanta 6.9% -7.93%, and other mining companies also suffered varying degrees of decline.
international crude oil futures prices fell in general in energy stocks led the decline. Shell fell 2.11%,UGG boots, the company announced that its fourth-quarter profit reduced by 75% to 11.8 billion U.S. dollars. In addition, British Gas, British Petroleum, Cairn Energy and Tullow Oil have also suffered declines of more than 1%.
a significant decline in bank shares dragged down the stock market the day the broader market. Barclays Bank and the United Kingdom Lloyds Banking Group fell 7.84% and 6.82%, HSBC, Royal Bank of Scotland and Standard Chartered Bank 2.93% -5.79% decline in between also.
insurance stocks also fell. Aviva, French General, Society Guardian, Prudential and Standard Life Insurance Company and other British subject between 2.2% -4.46% decline.
However, the British mobile operator Vodafone Group closed up 3.57%, the company raised its outlook.
day , the other two major indexes in Europe were also both fell. Paris CAC40 stock index closed 3,689.25 points, less than the previous day 104.22 points, or 2.75%. Germany's DAX index of the Frankfurt stock market closed at 5533.24 points from the previous one trading day down 138.85 points, or 2.45%.
sharp decline in international oil prices
Xinhua News Agency, New York, February 4 - as weak U.S. jobs data sparked worries about the economic outlook, U.S. dollar strength, 4 international oil prices fell sharply.
4, the Labor Department data released last week, the number of initial claims for unemployment benefits unexpectedly rose,Bailey UGG boots, the previous week to 47.2 million to 48 million. for the first time claims for unemployment benefits 4-week average of the number rose for the third consecutive week, reaching the highest level in two months. Analysts said the report showed the unemployment situation has deteriorated trend.
Earlier this week, as more U.S. manufacturing data strong investor demand for crude oil on the economic prospects and the expected improvement in prices higher. But the U.S. Department of Energy released 3 commercial crude oil inventories and refinery operating rate of equipment, such as weak data, so that falling oil prices, unemployment data 4 exacerbated the decline in oil prices.
the other hand, the European economy and the euro zone sovereign debt in some countries led to concerns about a stronger dollar, also contributed to lower oil prices. The European Central Bank President Jean-Claude Trichet said 4, euro-zone economy in 2010 will only moderate growth. He also said that rising public deficits and debt will bring additional difficulties in monetary policy.
day of closing, the New York Mercantile Exchange, March crude oil futures for delivery fell $ 3.84, to close at $ 73.14 a barrel. London, March Brent crude fell $ 3.79, to close at $ 72.13 a barrel.
New York gold futures fell by Xinhua
Network Chicago Feb. 4 (Xinhua Han Wanning) as safe-haven buying pushed the dollar sharply, 4 hit the New York Mercantile Exchange gold futures fell, the most active April contract fell $ 49 an ounce to close at $ 1,063, down 4.4% after the contract hit $ 1,060.40 3-month low.
disappointed investors in the U.S. employment report and the spread of European sovereign debt crisis prompting investors to sell stocks and commodities high-risk assets and the market for hedge into U.S. dollars.
the same day the U.S. Labor Department reported that initial claims for U.S. unemployment benefits last week increased number of people As for the 48 million people in 8000, well above market expectations of a decline to 46 million people. 4, European Central Bank said it will continue to maintain the benchmark interest rate at a historic low of 1%, while its president Jean-Claude Trichet pointed out that some members of the euro zone will be huge and rapidly rising budget deficit. market in particular anxiety levels of debt in Spain and Portugal, because these two countries may face the same with the Greek sovereign debt crisis. by the bad news, investor risk aversion, the dollar exchange rate rose sharply, driven by safe-haven buying. to gold futures floor trading ended, the U.S. dollar against major currencies to measure the dollar parity index rose 0.43 points to 79.98 points,UGGs, after rising to 80.125, when it is 7 months point to a new high point. a strong suppression of the investors to buy dollar gold to hedge the risk of demand for the dollar.
In addition, the New York Stock Exchange and the trend of the crude oil market plunge the day, and further lead to gold lower. Dow Jones Indexes and the New York crude oil contract in March to gold closed down about 2%, respectively, and 5 %.
both silver and platinum futures also fell. Among them, the March futures price for delivery in an ounce of silver fell 96.7 cents to settle at $ 15.35; 4 Platinum futures for November delivery fell $ 60.90 an ounce, to close at $ 1,515.30.
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