Saturday, December 3, 2011

market expressing general frustration about this

129667837390459142_213Beijing time on November 26 message Friday, the euro zone's three largest economies France, Germany and Italy before the leaders a day after the end of the meeting did not make any short-term solution the eurozone sovereign debt crisis, market expressing general frustration about this, coupled with the Italy of the latest auction todayDisappointed the market, the euro plunged against the dollar, the dollar rose against several major currencies, the dollar index is up 0.73%. New York foreign exchange markets closed, tracking a package of six major currencies $ 79.61 points, up 0.73%. EUR/USD fell 0.86% at $ 1.323. EUR/USD earlier there were sevenThe lowest level since the week to $ 1.3224.   Ratings agency standard and poor's announced today Belgium sovereign credit ratings lowered from AA transferred to AA, but also a lot of pressure on the euro. This week on United States Thanksgiving holiday in New York for a long time trading Friday, the main index lower, then rose, but eventually closed down. The Dow Jones industrial average fell 0.23%, also 0.27% decrease in the standard and poor's 500 index.   Traditional Black Friday shopping day of the Thanksgiving holiday was not able to help maintain good gains momentum index of us stocks. On Thursday, France President Nicolas Sarkozy, Germany, Angela Merkel and Italy met in Strasbourg Prime Minister El. Merkel and Sarkozy in the subsequent press conferenceSaid, the two countries had agreed at the next Summit of EU leaders submitted a modified EU Convention proposals to further strengthen the eurozone countries the financial ties of love.   But analysts generally believe that this position does not have any follow-up, investors generally felt disappointed. The other hand diablo 3 gold, the rating agency Moody's Investors Service announced on that day will be Hungary's sovereigntyDebt rating to Baa3, Ba1 to raise reduced to junk status.   This decision makes Hungary forint under great pressure, euros and dollars for Hungary forint exchange rate on Friday and 1.6% respectively. RBC capital markets Analyst Nick Chamie global emerging markets (Nick Chamie) thought that "we believe that Hungary does not balanceAnd sometimes even doing a very unorthodox economic and fiscal policy, as well as high debt burden, combined with weak finance makes the defensive ability of countries to external shocks is very weak. "He added," This downgrade will further narrow the Hungary of the scale of outside investors, who is also Hungary financing needs mainly relied on, which would allow Hungary becomes stricterHeavy. "Another bad news is that Germany diablo 3 power leveling, Angela Merkel, in a statement Thursday on eurozone bonds again opposed the proposed, and that within 17 Member States use the same in the eurozone interest rates would be a wrong signal. France President Nicolas Sarkozy later agreed with Germany's opinion, will no longer be the ECB's request their participation in the debt crisis assistanceRequirements. Senior currency analyst at Rabo Bank Jian Fuli (Jane Foley) stressed that "the sovereign debt crisis has reached a crossroads, to see politicians going to bow to market pressures. Want some form of euro-bonds in the market to obtain is a European Central Bank abandon cautious stance, large-scale purchase euro Government bonds right away. "Italy two-year, five-year period andOn Friday more than ten-year bond yields 7%, of which ten-year benchmark Government bond yields have been as high as 7.24%. In other currencies, the pound fell against the dollar 0.35%, at $ 1.544; the dollar up 0.82%, 77.76 yen.

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