steel futures weekly / monthly analysis report
Times of India "The United Nations estimates that India's 2011 GDP growth of 8.1%
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following September 7th, the world's major financial headlines of the media.
Guardian: Osborne down to British economic growth is expected, but adhere to the existing economic policy
Switzerland renounced the floating exchange rate, and make provisions for the minimum parity of the Swiss franc and the euro, to seek a safe haven for funds from the euro zone debtor countries to limit the inflow of global "currency war" era of the dramatic turnaround. Swiss National Bank (SNB) said on Wednesday that the Swiss franc appreciation of the serious threat to the Swiss economy and bring the risk of deflation, will no longer tolerate the Swiss franc against the euro below the 1.20 level, and said the Swiss central bank will the determination of the minimum tax rate, ready to buy to achieve this goal an unlimited number of other foreign currencies. The news on Tuesday, the Swiss franc against major currencies fell sharply. Switzerland, this move will be to pay close attention in Norway world pie network information , Singapore and Japan. In particular, Japan, the yen soared threat to the country's exports and led the country into serious deflation. Economic experts believe that Switzerland which will aggravate the debt crisis in the euro area, Switzerland adventurous policy.
"Financial Times": Berlusconi Government to amend the the tightening incidence to meet the European Central Bank rescue conditions
"Daily Telegraph": Switzerland renounced the floating exchange rate or result in a "currency war"
British Chancellor of the Exchequer Oswald Tuesday at Lloyd's of London insurance company (Lloyd's of London) occurred speech, said that British economic growth slowing down in recent months and led to economic growth forecast was forced to down, the government will continue to insist on a tough deficit reduction policies. Osborne said the Government has been developed to increase taxes and reduce spending policy, allowing interest rates to be maintained at a lower level - clearly implying that he will support the Bank of England to implement the second round of quantitative easing policy. After a series of gloomy economic data released in the UK, Osborne had to admit that he will cut economic growth forecasts made in his speech to parliament last fall. For other types of economic recession, more slow and difficult process of economic recovery from the financial crisis, he said. Most British financial institutions that the UK economic growth this year will be only 1% more than that to slow further in 2012. In the past week, the weak statistical data from the UK manufacturing, construction and service industries has increased the pressure on the British Treasury and the Bank of England to introduce policies to stimulate economic growth.
the U.S. government 10-year bond yields fell to historic lows, reflecting Wall Street pessimism on economic development as well as the bond market as the role of the refuge. 10-year bond yields fell to 1.97 percent, lower than the 2% mark for the first time. For consumers, the low Treasury rates means that mortgage rates will further fall. According to Freddie Mac World Pipe network informed, last week's 30-year fixed-rate mortgage rate of 4.22%. Industry insiders say that, unless there is a big turning point, or the lending rates will fall to record low. For savers, low interest rates mean lower returns. Tuesday a five-year Treasury bond interest rate is 0.88%, close to the lowest level in history, September 1, 0.86%. For economists, the low rate of return is not a cause for celebration. Once the transaction is that economic growth will slow, they will push Treasury prices rose, while allowing to lower yields. Inflation reduction in the value of fixed interest payments on government bonds, and slow economic growth and inflation outlook weakened.
Washington Post: U.S. crude oil prices fell to $ 86 a barrel
"Japan Times" Japan's Toyota Motor stop on U.S. exports Camry models
nationwide local businesses offer summary
Toyota Motor Corporation announced plans to stop exports to North America, the Camry into the localization of production, to offset the adverse effects of the appreciation of the yen. Toyota intends to phase out the the Camry Ruidui Hai foreign market export, gradual increase in overseas production, reduce the losses caused by fluctuations in the foreign exchange market. Toyota said that to stop the export will not affect the production capacity and employees of Toyota factories in Aichi. Toyota this week withdrew from the all-new Camry hybrid, as a fourth-generation Prius hybrid car per liter of fuel to travel 23.4 kilometers, the planned monthly sales of 500.
In the bond market under pressure, the Italian Government on Tuesday announced further austerity program. Berlusconi announced that the VAT from 20% to 21%. 3% of the wealth of water and collected the most affluent, and decided to consider to postpone the retirement age for women. The Italian cabinet on Thursday also held a meeting to discuss legal to modify the balanced budget and cutting government agencies. The ECB and the EU had expressed dissatisfaction with the austerity plan before the Italian market to sell the Italian treasury bonds issued by the signal of dissatisfaction. The debt GDP ratio in the euro zone's third largest economy in Italy has reached 120%. However, analysts believe that the three initiatives proposed by the Government of Italy on Tuesday, only to increase the VAT rate may produce the same effect, Mizuho International analysts believe that Italy must provide the square of the economic stimulus measures to boost market confidence.
New York Times: The news that Groupon may delay the IPO
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U.S. crude oil prices plunged Tuesday, fears that the U.S. and Europe is likely to slide into a long-term recession. The New York Mercantile Exchange, West Texas Intermediate crude oil fell 43 cents to $ 86.02 a barrel, the same day, the lowest price touched $ 83.20. U.S. crude oil prices as a result of the global supply is still tight, investors in the complement different types of crude oil futures. Analysts believe that investor confidence is being blow of a series of weak economic data: Congress' budget constraints, the United States last month has been to downgrade, coupled with the non-farm employment growth stagnated in August last Friday. Nevertheless, China and other developing countries will drive demand for crude oil, but if the Western countries to cut the consumption of clothing, toys, electronic products and other imported products to consumers, the momentum of growth in emerging markets may also be lower.
"Today the United States": U.S. 10-year bond yields fell to historic lows
two informed sources said on Tuesday Due to continuing market instability, buy site Groupon is considering to postpone its long-awaited initial public offering (IPO). Until the company can be listed at the end of this month, but sources said that the company is market conditions, may be offering push back. Groupon has been to consider next week to hold an investor roadshow, but it is now possible to cancel the event. Groupon need to solve another problem is an internal memorandum of the company's CEO Andrew Mason, its main content is to promote the company relative to competitors in the growth and advantages of the memorandum soon after the issue was leaked to the public domain. so that the outside world to worry about whether the company violated the mandatory "quiet period" rules. As the U.S. Securities and Exchange Commission has been in the prospectus of the review of Groupon, a possible result is that Groupon will need to revisit its prospectus to modify the contents of the Memorandum of Understanding to join the Mason, and these comments to provide additional data for support.
United Nations agencies announced on Tuesday that India's 2011 economic growth is expected to reach 8.1% growth rate after China. United Nations Conference on Trade and Development (UNCTAD) on Tuesday released the 2011 Global Trade and Development Report, said that the developed and the majority of the country's economic growth rate has slowed down, the Indian economy is expected to reach 8.1% growth rate in 2011, lower than the 8.6% in 2010. The United Nations Conference on Trade and Development said it expects China's 2011 economic growth rate will reach 9.4 percent, down from 10.3 percent in 2010. The report said that in South Asia, the Indian economy continues to tell the growth, mainly because of strong domestic consumption and investment performance, net exports made a positive contribution.