
January 30, 2012, Brussels, Belgium,
European debt crisis has become a "chronic disease", the summit again and again cannot be cured. This year's first informal summit of EU leaders in Brussels yesterday, this is the last two years, EU leader’s summit at the seventeenth. Read
Tuesday, January 03, 2012 European leaders over the Christmas holidays back to work, actively seeking to save the euro. What are the biggest risks facing the euro zone this year? Past ten years, under various assistance plans to help the eurozone can avoid divisions? In Europe where economic growth point of the next?
Economy wide voice of the central financial review reported that the new year, Christmas holidays in Europe ended, the leaders have returned to work, losing no time for Spain and Italy Government planning, helping them to control debt levels, preventing the euro area in danger of splitting.
Spain new Government forecast last year Spain's budget deficit will reach 8% of GDP than Spain higher Government and economists had forecast, to that end, Spain's Prime Minister Mariano Rajoy announced a new plan to cut spending and raise taxes.
But some critics believe that the euro can continue to exist, the key may lie in Italy because it is the euro group's third-largest economy, as well as debt levels after the Greece country. The first quarter of this year, Italy Government must repay $ 53 billion euros of debt, representing about euro one-third of the total amount of maturing debt in the current period. Read
Chinese Yuan hit 17-year high.
the central bank today raised the central parity of RMB against the U.S. dollar 0.07%, to 6.3167 yuan against the dollar, the yuan-dollar exchange rate hit 17-year intraday high. At 6:00 p.m. on December 26th, Voice of the economic focus: Why did you suddenly against the dollar soared to the highest point in 17 years? This year, the RMB exchange rate floating is not within the normal range? Next year, the depreciation of the RMB against the U.S. dollar likelihood? Read
December 21, 2011 As the stock market "weathervane" of social security funds finally sold, were interpreted as stock markets usher "policy bottom".
On December 20, DAI Xianglong, President of the National Social Security Fund Council openly expressed support for the social pension insurance into the stock market, and take concrete action to support the previous recommendations of the Securities and Futures Commission Guo Shuqing President. The helm stand two large organizations so that the "two major Fund pension fund and social housing fund should enter the market" of the discussion was heated discussions.
At the same time, continued negative interest rates running status of pension funds in recent years has entered the public and the media vision, market attention should widen the investment channels and realize value. Read
December 20, 2011
The International Monetary Fund (IMF), the former President of sitelaosi·Kaen (Dominique Strauss-Kahn) in Beijing to attend the Net Ease economists annual meeting yesterday said, China should adopt IMF involvement in Europe's debt crisis is resolved.
It was Kahn since May this year for "sexual" outgoing IMF Chief after the first official public appearance. Mr., Kahn, 62, once regarded as strongman actively supporting European debt problems, but also France President Nicolas Sarkozy, campaign of the strongest opponents. He denounce the majority opinion, to support the euro. In Kahn's positive, driven by IMF to Greece, and Portugal, and Ireland and other EU countries applying aid to make every effort to total aid amount exceeding EUR 200 billion. Kahn is known European debt crisis in a "critical". Read
"European meeting on" EU Summit failed to boost market confidence, risk currencies fell sharply
December 12, 2011
On December 12, on issues such as key to the EU Summit in purchased debt has not come to fruition, many details remain to be perfected, rating agencies continue to threat to eurozone hands, market sentiment remained under pressure, the risk of currency weakened sharply. Current market interest focus turned to the Federal Reserve on the Conference, the market will not bring it to the third round of quantitative easing monetary policy is expected. Read
December 11, 2011. In the EU subject to United Kingdom 26 Member States on the strengthening of financial discipline outside agreed with the conclusion of treaties between Governments, or "financial contract", while enhancing crisis rescue tools. But the United Kingdom opposed, the Summit failed to achieve modified EU Treaty in the first place. Reached by the latest agreement will be signed in March 2012 at the latest. read
December 9, 2011,China November 2011 CPI up 4.2%, drop more than expected
Government and market focusing more to growth for policy adjustments to provide space
Over China's economy for over a year-long haze inflation finally fading away. National Bureau of statistics announced yesterday, November consumer price index (CPI) rose to fall sharply 1.3% per cent, the figure is lower than that expected by the market 4.4%, and for fourth consecutive month of decline, is 14-month low CPI y/y data further confirmed the downward trend of inflation. Read
December 8, 2011 France shocked by the revolution had a number of all mankind: not free not to die! When I observe the situation in Europe today, I do not know what to think of it. However, now seem to have utterly no heroic sense of history, but a modern deep concerns, this concern is that for the indebtedness of the peoples of Europe, is to uphold freedom died of consumption, is also controlled live free consumption? Read
China Economy,
December 7, 2011, the Chinese Academy of social sciences published the 2012 economic blue book noted that growth in 2012 about, below the 9.2% growth this year, down from October's 9.2% growth forecasts.
Deputy Director Li Yang of the Chinese Academy of social sciences at the Press Conference stressed that the decline in economic growth next year will be taken for granted. China's long-term economic growth in the future may be in 9%.
Because so is currently promoting economic growth, "the troika" power is weakened. Such as net export contribution to the economy may be negative.
"(Next year) export (economic) growth has begun to be zero or even negative. Relatively stable consumption, investment and then fell, came to (next year) 8.9% growth is a logical result. "Li Yang said at a news conference. Read
December 6, 2011 Europe financial stabilization fund (EFSF) AAA long-term ratings on "negative watch" list, which may reduce the EFSF's AAA rating in the future. At the same time, reaffirms the EFSF A-1+ short-term rating unchanged. Read
United States Economy
December 5, 2011, United States Institute for supply management (ISM) November Services report released shows that November United States slower services, related index hit a 22-month low. After the United States has issued a series of hyper-anticipated economic report, today's ISM Services index are recent less-than-expected data. Read
December 2, 2011 the ECB will provide up to 270 billion euro loan to IMF,
use this as a way of solving Europe's debt crisis. But have not yet received official confirmation for fear of a rumored nature. Franco-British Summit today made a speech, the three countries each have their own excuse. Non-farm does not give a clear signal. Agencies believe that markets will be more concerned about the ECB's QE expected on December 9 and the European Union Summit. Non-farm does not give a clear signal Read
December 1, 2011 Eurozone November manufacturing purchasing managers ' index end value from October to 47.1 per cent, the lowest level since July 2009, shrink for the fourth consecutive month.
Market research firm Market Economics released on December 1, the euro zone in November manufacturing activity shrink for the fourth consecutive month, further evidence that the Eurozone economy is heading for recession.read
China housing prices go next - Inspiration United States and Japan
November 28, 2011 With the increase of market regulation policies are increasingly stringent, real estate, this first "runaway bull" has gradually slowed down the pace,people want to know how the future trend in real estate? The future hold for house prices? United States and Japan have gone through this section, as a developing country, according to the United States and Japan in the past to analyze the market some inspiration. Read
China Economy
November 27, 2011 Report from reporter Pang Dongmei National Bureau of statistics announced on November 27, according to the 1, 4.1217 trillion yuan in profits of industrial enterprises above designated size in the country, an increase of 25.3%. In October, 438.3 billion yuan in profits, an increase of 12.5%.
In the above-scale industrial enterprises, State-owned and State holding enterprises 1.2519 trillion yuan in profits, an increase of 16.6%; collectively 67.6 billion yuan in profits, an increase of 33%; joint-stock company profit of 2.3663 trillion yuan, an increase of 30.3%; enterprises with foreign SAR and Taiwan investment 1.0723 trillion yuan in profits, an increase of 11.6%; private 1.1749 trillion yuan in profits, an increase of 44.3%. Read
China Economy
November 25, 2011 a few days ago the institutions ' personnel management Ordinance is open for comments for society. Yesterday, once the exposure draft released today has immediately to the parties to discuss voice. In this regard, China network commentator by Chang Chieh also talked about his views. He said: "management in public institutions, legalization, openness, transparency, and important than the provisions of the Ordinance. Income of the institution, gray income, does not open, transparent income is accounted for the majority, it should be open and transparent, not completely "one size fits all". ” Read
November 24, 2011 Fitch downgraded Portugal's credit rating
International rating agency Fitch announced on 24th, because Portugal financial imbalances, the Department high debt and deteriorating economic Outlook, Fitch has been Portugal's credit rating from BBB-down to BB+. Fitch BB rating that is identified as junk by the market.
Fitch also Portugal's credit rating Outlook as a "negative", which means that future Portugal or being further degraded.
Fitch said the economic deterioration of the environment Portugal facing more challenges Government to reduce budgetary measures. Fitch also believed that Portugal Government to achieve this year and next fiscal targets, but poor economic prospects increased risk and inadequate expenditure control.
In addition, this year Portugal debt of State-owned enterprises rose to become one of the important reasons for the country's financial risk. Fitch said, for these reasons, Portugal are likely to need more adjustment measures in 2012.Read
US Economy
November 23, 2011 United States Government issued October personal incomes and consumer spending report showed that Americans spending slowdown over the past one month, to adapt to the slow growth in personal income. In October, personal income increased per cent from 0.4%, an increase of more than an expenditure per cent.
United States Department of Commerce noted that link only increased 0.1% of October consumer spending, income 0.4% gain its highs since March this year, mainly Americans saving more relevant. According to Thomson Reuters survey, economists had expected October's link will increase 0.3% of consumer spending, income would be increased 0.2%. Per cent from September consumer spending hike to 0.7%, while personal income without correction, still rings up by 0.1%.
In October, personal income and spending growth portfolio reversing recent trends in the two data. Over time, consumers primarily through the use of savings to maintain their purchasing costs. According to a recent United States figures released by the Government, consumer savings rate fell to 4.1% in the third quarter, significantly lower than the second quarter of 5.1%. Read
China Economy
November 22, 2011 [World Chinese wealth]
Rumors part of Zhejiang bank deposit rate will be lowered, since that broke past controlled inflation expectations, this may also be a Central Bank policy to the growth and structure of the official steering.
Adjustment of the Central Bank's monetary policy seems to be much faster than expected. Read
On Monday (November 21, 2011) the European trading session (15:00-22:30), major non-US currency fell sharply against the dollar, or Moody's downgraded France News pressured the risk appetite of the rating. Moody's said, although France AAA rating is still the risk-free, but borrowing costs remain high will exacerbate France facing financial challenges, have a negative impact on its credit rating. In addition, the days of the Chinese Government and the International Monetary Fund (IMF) for global economic growth slowed sharply remarks also pressured the market sentiment. Read
Friday, November 18, 2011 Euro-bullish align risk currencies rebounded to amend
lack of key information and event risk, after the markets opened on Italy, and Spain to continue after a short rally in bond yields fall, provided support for market sentiment held steady; in addition, after a week of continuous decline, investors cautious prior to the weekend market thinly. Under such market conditions, risk currencies before you try to fix this week against the dollar declines. However due to lack of substantial positive messages of support, in addition to pound, the risk of currency rebounded against the dollar is more limited. But European afternoon disc market outgoing of message quickly changed has this a status, has message persons revealed by Europe Central Bank to IMF provides loan, and IMF to improve on euro support efforts of this a envisaged in EU internal made has progress; the message persons said Germany, and Europe Central Bank currently still against this a views, still willing to considered about, and expected related agreement first may Yu on December 9 EU Summit reached. After the message, rapidly breaking resistance for the past two days on EUR/USD 1.355, other risk currencies followed sharp rebound against the dollar. Read
November 17, 2011 The Gold
World Gold (1741.20,-33.10,-1.87%) Association on November 17, according to the report 2011 gold demand in the third quarter reached 1053.9 tons, 6% than the same period last year, total value of US $ 57.7 billion, its highest ever.
The World Gold Council investment Managing Director Guo Bosi believes that gold investment demand for the first quarter of the main factors driving gold demand, "inflation and the United States credit rating downgrade, Eurozone sovereign debt crisis has worsened, coupled with the many mediocre investment assets, these four factors prompted investors increase holdings of gold to protect their wealth". Read
11/16/2011 Expands in October, • Industrial production (IP) rose 0.7% in October, surpassing market expectations for a 0.4% gain. Read
11/16/2011--United States Department of Labor, according to data released, due to decline in prices of gasoline and other energy commodities, United States in October, headline inflation months rate unexpectedly decreased. United States in October after adjustment, energy, gasoline futures month rate of inflation recorded since five months (June 2011) fell for the first time. Read
Eurostat on Wednesday, November 16, 2011 announced that euro-zone inflation in October since the beginning of the second month in a row at three-year highs, rising fuel prices push up the cost of living. Euro-zone inflation has exceeded 11 months in a row set by the European Central Bank "2% target ceiling". Read
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