Posts Tagged Dow Jones
Dow Jones Climbed 11000 Mark
Posted by Oksana Grebenjuk in Fund Markets on Октябрь 11th, 2010
We must appreciate the game played by the speculators despite of the uneven pressure on the macro economic levels of the US economy. Some of the following data’s will make US is suffering with an unemployment rate of 9.8% and clinching towards 10% level.US citizens have no money or household savings to and nor they have avenues of earning the livings.US economy grew at less than 3% after the post recession.US suffering with a very low rate of household saving rate. In the year of 1980 under the president ship of Mr. Ronald Wilson Reagan US household savings was at 12%.In the year of 2004 under the leadership of Junior bush it went to 0% and to end the story with more spices it went down to -2% in 2007.The below chart shows the Mountain of Debt of US on its household savings.
Today the US citizens are having an average 133% debt over their household savings. This means that if a person is savings $10000 then he owes to the market $13300.It relates no savings and only debt. Life at US is running on the wheels of debt. In year of 1970 their was no easy ways of availing of debts as compared to the past decade.US policies made such turn around to exploit the US citizens that they are now finally left the citizen with the burden of borrowed capital.
In 1980 under Mr. Ronald Wilson Reagan the Conservative Policy was adopted where it was mentioned that average household debts can exceed more than 50% of the household savings. Well in the year of 2007 the household debt limit went beyond 120%.
TARP and other packages declared by the US government were only bale to clear the dust over the street of Wall Street but failed very hard to generate employment. Toxic assets buyback and balance sheet of the debt burden companies were reduced but nothing went for employment generation. Read the rest of this entry »
ECB Governor: Rates On Hold
Posted by Oksana Grebenjuk in Banks on Июнь 14th, 2010
European Central Bank governor Athanasios Orphanides indicated in an interview with Dow Jones Newswires that interest rates in the euro zone will remain on hold for many months, urging European politicians to tackle yawning inefficiencies in fiscal governance.
If Europe’s leaders fail to get their act together, then another financial crisis or debt crisis may well be around the corner, he warned.
Speaking in an interview following the ECB’s policy-setting meeting on Thursday, Mr. Orphanides said the outlook for consumer price inflation in the euro zone remains benign, despite the recent uptick in prices.
Core inflation, which excludes volatile components such as energy and food, has been trending down, he said, pointing to slack private consumption in the 16 countries that make up the euro zone.
«In light of these developments, I do not view high inflation as a concern,» said Mr. Orphanides, who was born in Cyprus and educated at the Massachusetts Institute of Technology. Read the rest of this entry »
Dollar gets modest boost from rising trade tensions
Posted by Oksana Grebenjuk in Currency on Сентябрь 15th, 2009
The U.S. dollar got a modest lift versus the euro and most other major currencies Monday, with rising U.S.-China trade tensions prompting investors to unwind some short positions on the beleaguered greenback.
China said Sunday it would launch an anti-dumping investigation into U.S. sales of chicken and auto products, a move apparently in response to Washington’s decision to impose punitive sanctions on Chinese tire imports late last week.
«Talk of rising trade tensions after President Obama announced tariffs on Chinese imports may have acted as a catalyst [for a dollar rebound], but the move is unlikely to lead to a trade war,» wrote strategists at Brown Brothers Harriman. «So far the dollar’s recovery has been muted.»
The euro traded at $1.4558 versus the dollar in recent action, down from $1.4587 in North American trade late Friday. Rising risk appetite last week helped push the euro to a new high for the year above $1.46.
The British pound changed hands at $1.6553, down from $1.6685. Read the rest of this entry »
Euro-Zone Unemployment Rate Hits 10-Year High
Posted by Oksana Grebenjuk in Budget, Currency on Июль 1st, 2009
The unemployment rate in the 16 countries that use the euro rose more than expected and to the highest level for a decade in May as more companies laid off staff in a bid to survive the deepest recession since World War II, official data showed.
The euro-zone jobless rate rose to 9.5% in May from an upwardly revised 9.3% in April, the highest level since May 1999 and 2.1 percentage points higher than in May last year, the European Union’s Eurostat statistics agency said.
The increase was stronger than the market consensus estimate of a rise to 9.4% from a Dow Jones Newswires survey of economists last week. April’s jobless rate was also revised up from 9.2% reported last month.
Eurostat said 273,000 people joined unemployment queues across the euro zone in May, bringing the total number of jobless to 15 million, more than the entire populations of Austria and Ireland combined.
The rise in the number of people out of work darkens the outlook for consumer spending and suggests it may take longer for the region to recover from recession. Read the rest of this entry »
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