2010/10/31

US allocates funds 2,400,000,000 to develop the high-valence iron

The American Department of transportation on 28th announced that allocates funds 2,400,000,000 US dollars to 23 state's 54 high-speed railroad items of basic construction. this is the US government second time to the high-valence iron project allocation. These funds will use in constructing aspects and so on railroad and station, purchase passenger transportation equipment.

The US government allocated funds last year to 31 state altogether 82 high-valence iron projects 8,000,000,000 US dollars. Department of transportation altogether receives 132 projects to apply this year, from 32 states, aggregate amount 8,800,000,000 US dollars. Last year altogether had 259 projects to apply, to involve 37 states, aggregate amount nearly 57,000,000,000 US dollars. The US government plans in 25 years to complete the high speed city border railroad passenger transportation network, covers national 80% populations.

President Austria Pama signed the economic resurgence bill last year, set up 8,000,000,000 US dollar high-valence iron project start fund. It is reported that had 30 above domestic and foreign railroad construction related enterprise to hope that participates in the US side high-valence iron project.

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Closing:The market maintains cautious,stock index rise and drop mutually presently



2010/10/29

“the gold brick” the stock market leads: Global economic new old change acceleration

In fact, in the world will have nearly 3,000,000,000 person of namely near half world populations not to look like such which the majority of people will discuss this crisis to affect truly. - - excellent property control division President Jim · O'Neill (Jim ONeill) was considered that since has been “the great depression” the most serious global economic crisis erupts until now, the global economic will be experiencing a constitutive transformation “to mix the cards - - the economic growth potential greatly” unceasingly from the developed country shift to the emerging economy.

Relies on economical speed-up which and capital market performance heads list of successful candidates, “the gold brick four countries” have risen day by day in the global stage, become in the emerging market irresistible to command troops.

Up to October 22, Morgan Stanley international capital (MSCI) “the gold brick four countries” the index in 2008 the valley rose 211 points, to 355 spots, the increase scope surpasses the sign Pu 500 indices greatly same time.

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Eurozone economic confidence index hit a latest record higher for three years




2010/10/28

Early market: Dow Jones Index falls the over hundred point of periodic stock collar to fall

The Beijing standard time in the evening the news falls on Wednesday the periodic stock the influence, the US stock market falls largely in the morning, Dow Jones Index current falls 100 spots, the investor the quantification loose measure which soon promotes to the Federal Reserve holds more conservative attitudes.

The nine month new room sales volume month link compared to grows 6.6%, the idea achieves 307,000 set yearly, this result is friends with in 299,000 sets of markets anticipated. up to US east the time 11:00 am, the Dow Jones Industrial Average fell 119.09 points, to 11050.37 points, the decline range is 1.07%; The NASDAQ composite index fell 11.67 points, to 2485.62 points, the decline range is 0.47%; The Standard & Poor 500 indices fell 11.18 points, to 1174.46 points, the decline range is 0.94%. CMC Markets analyst Michael Hewson indicated that “the market mood is not pessimistic, but the confidence has the vacillation truly.” the investor will be appraising the Federal Reserve to promote the new currency stimulation policy next week the possibility.

They current start to favor in thought that the Federal Reserve will act according to the economic resurgence situation to adjust the monetary policy gradually, but is not in similar crisis period disposable promotes large amount purchase plan. Wall Stree Journal Wednesday said that the Federal Reserve will possibly disclose an item will purchase hundreds of billions US dollars national debts in future several months the plans, what relativity will be, Federal Reserve in financial crisis period has purchased the nearly 2,000,000,000,000 US dollars bonds.

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US newly built house selling is better than anticipated




2010/10/27

Early market: The consumer confidence stands firmly the stock index rise and drop to coreference

In October consumer confidence index good in anticipated, the US stock market attempts in the morning to bounce, Dow Jones Index and NASDAQ already the extension rose at present, only NASDAQ slightly drops.

In October the consumer confidence index from September's 48.5 rises to 50.2, this result is friends with in 49.0 markets anticipated. is led Dow Jones Index ingredient stock Verizon(VZ), the telecommunication tectonic plate rose 0.5%. up to US east the time 11:00 am, the Dow Jones Industrial Average rose 2.80 points, to 11166.85 points, the increase scope is 0.03%; The Standard & Poor 500 indices fell 0.42 point, to 1185.20 points, the decline range is 0.04%; The NASDAQ composite index rose 5.33 points, to 2496.15 points, the increase scope is 0.21%.

In August Standard & Poor /Case-Shiller house price index formerly a month has had falls, has ended since April's trend of escalation. Covers the American 10 main big cities index in August to drop 0.1% from July, covers 20 urban the house price index month link ratios to drop 0.2%. If makes the adjustment to the seasonal factor, then 10 city exponential flare-out 0.2%,20 city exponential flare-out 0.3%.

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RMB recedes 150 basic points to US dollar,re-enter 6.69





2010/10/26

The US three big stock index entire line rise Dow Jones Index presently to rise 0.5%

On October 25 the American Stock market entire line flutters red, three big stock index increase scopes surpass 0.5%. Up to 23:22, the Dow Jones Industrial Average posts 11195.38 points, rises 62.82 points, the increase scope 0.56%; The NASDAQ composite index posts 2495 spots, rises 16 points, the increase scope 0.65%; The Standard & Poor 500 indices post 1189.2 points, rises 6.12 points, the increase scope 0.52%.

Looked from the card that the automobile energy sector is strong, Katebile rises 1.49%. The financial stock trend is good, the American flag rises stocks and so on 1.46%, AIG, Master also to rise.

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Dow Jones stock index hit a latest record higher since first half of the year on 25th





2010/10/25

Demandes the strong transnational merger and acquisition warm feelings: Gold brick India takes off

Since the third quarter, the Indian Stock market has displayed surpasses the other gold brick three countries, the SENSEX index pulls fast by 17774 spots rises, receives up to September 28 in 20105 spots, challenges 20,000 psychological important passes directly. The economy is steady, the policy stabilizes well, to plans the enterprise financial resource to be abundant blue, the profit accelerates to recover, the foreign capital to emerge, these are the main driving influences which the bulk lots are strong.

EPFR Global statistical data demonstrated that the foreign capital from May 31 until September 22, 17 weeks buys up India only continuously. India is not only in the emerging Asian country buys up Zhou Shuzui only continuously many countries, since this year accumulates the net current to enter the amount to reach as high as 17,290,000,000 US dollars, indicated that the foreign capital favors the Indian Stock market the degree to surpass South Korea (9,840,000,000 US dollars), the Chinese Taiwan (2,840,000,000 US dollars), Indonesia (2,170,000,000 US dollars) with Thailand (950,000,000 US dollars).

The look forward to the future, will reach fund manager the special operational policy measures which will draw a charge one after another to India to hold to the right richly the surface view, and will continue to the Indian government under the current environment to focus on the reform agriculture, constrains bloating as well as maintains the high economic growth the thorough procedure to give the affirmation, and will continue to favor the Indian Stock market long-term growth tendency; Will invest the main axle continually to focus in the investment, the expense, the reform, purchases and takes over in four big themes. 　　

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The international Copper rose slightly in closing 22nd





2010/10/23

Gaertner ejects “the theory of balances” the US to provoke the currency war?

Gaertner formerly proposed that various economies frequently project earnings or the deficit should limit in occupy GDP 4%, relaxes between American and other economy exchange rate conflict, balanced international trade. The conference convenes the eve, he wrote a letter to 20 country group country member Treasury Secretary saying that shouldered the enormous deficit the member should draw support sets up the intermediate stage finance goal to increase the domestic saving; These project long-term earnings' member “should carry out the structure, financial and the exchange rate policy reform frequently, stimulation endogenous -like grows and supports the global demand”. 　　
Gaertner's proposition initiates a piece of question in Kyongju. Japan financial minister Yoshihiko Noda on 22nd said that to the project revenue and expenditure place an upper limit on the procedure “not to be realistic” frequently. South Korea Associated Press quotes the news public figure's words to report that 20 country group majority members hold the negative attitude to the Gaertner above proposition. China, Russia, Germany and Saudi Arabia trade surplus surpasses the upper limit which Gaertner suggested that but the US trade deficit occupies GDP 3%.
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2010/10/22

Closing: US dollar bounces the US stock market rise and drop to vary strongly

American Stock market the closing rise and drop vary on Thursday. Anticipated held the suspicion along with US dollar exchange rate strong trend bounce as well as the market to the high profit, the bulk lots once comprehensively fell.

East US time on October 21 14:59, the Dow Jones Industrial Average rises 10.02 points, posts 11,117.99 points, the increase scope 0.09%; The NASDAQ composite index falls 7.68 points, posts 2,449.71 points, the decline range 0.31%; The Standard & Poor 500 indices fall 1.12 points, posts 1,177.05 points, the decline range 0.10%.

Is benefitted the good wealth newspaper and the employment market data impetus, on Thursday the US stock market opens high, in the morning Dow Jones Index once rose surpasses 105 spots, the highest rise to 11,213.17 points, has continued Wednesday's large rise tendency. But along with the US dollar exchange rate strong bounce, the US stock market weakens gradually and falls in the closing extension. is strong along with US dollar exchange rate, some traders expressed the exchange rate fights the threat already let the market feel panic-stricken, the stock market therefore weakens.

But has the trader to believe in addition, after recently the market climbs largely, presents the call-back to be nothing unusual. investment institution Standard Life Investments American Stock market Transaction Department person in charge Jeffe - Morris (Jeff Morris) indicated that “is very obvious, the enterprise wealth newspaper is mostly good in anticipated, but simultaneously the stock market also has obtained the quite great increase scope, therefore you will ask whether these profit digit did obtain the reflection in the stock price.”

American Bank (BAC) stock price falls 3.1%, becomes displays the worst Dow Jones Index to become distributes stock shares one. Stopped in view of this company redeems the service behavior the investigation still to continue, the investors worried that this possibly caused this company to undertake the heterogeneity to receive the project.

Dow Jones Index becomes distributes stock shares, magnate of industry Katebile (CAT) to fall 2.7%, this company announced that third wealth Ji Yingli rises dramatically 96%, the earning surpasses the market anticipated, and promoted in 2010 to gain the goal. However at the same time this company the police said that estimated the global developed country economic growth asthenia, will be unable next year the unemployment level which reduces continues to stay at a high level. Morris indicated that “the market started to pay attention to these enterprise's profit growth poles, and starts to suspect whether they do have realize biggest profit goal all elements.” the NASDAQ and the sign Pu 500 index also one after another extension falls. The telecommunication tectonic plate collar falls the bulk lots.

AT&T(T) fell 1.3%, this company announced that third wealth Ji Yingli increased nearly three times, but the market loses the iPhone US own operator status after this company the prospect feels worried. Wei Lisun communication company (VZ) fell 1.3%. the European Stock market receives high on Thursday. New York gold forward price falls 18.60 US dollars, the decline range 1.4%, receives in each ounce 1325.60 US dollars. The crude oil forward price falls 2.4%, breaks each barrel 81 US dollars, receives in each barrel 80.56 US dollars.

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Enterprise Earnings showed good,Europe Stock market closed higher





2010/10/21

Details: US applies for the unemployment relief population well in anticipated

The Labor Department reported that as of October 16 the week for the first time jobless claims fell 23,000 to 452,000, higher than the accepted average forecast of economists surveyed by MarketWatch of 45 million.
The number of initial claims fell 4,250 people around the moving average, to 45.8 million.
Although the number of initial claims in August than the recent peak of about 50 million people has declined, but economists still worried about the high rate of unemployment.

As the week of Oct. 9, the number of continuing claims fell 9,000 to 4.44 million. Four-week average fell 23,250 people to 448 million people, since December 2008 the lowest level.
As of October 2 a week, the number of people receiving unemployment benefits extension of about 510 million. Overall, about 890 million people received some form of unemployment relief.

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The international trade environment presents three major characteristics

Ministry of Commerce, Mr Li Chenggang, Deputy Director of Treaty and Law, 19, said frequent trade friction, the safety of foreign policy regime in China paid more attention, increasing the uncertainty of the international trade environment, China is currently facing three major characteristics of the international trade environment.

Mr Li Chenggang, said: "China-related trade frictions have covered the whole area of trade, trade friction cases, increasing the amount of money involved, if the Chinese product quality problem itself, more likely to deepen the resentment of other countries." Meanwhile, Mr Li Chenggang that European and American developed countries and regions, physical industry has gradually shifted in the context of globalization, intellectual property rights as their important tool to remain competitive, therefore, intellectual property rights legislation, law enforcement process, close attention. In addition, Chinese companies face in international trade uncertainty is growing. Since the financial crisis, the U.S. and Europe and developing countries are in a difficult recovering economy, trade protectionism is inevitable.

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2010/10/20

US Banking industry haze has not dispersed

The American Bank announced that restarts 23 states to stop redeems the procedure, in addition the American flag group announces surpasses the anticipated achievement, make bank stock the company falls three days later bounces, and leads the American three big stock indices to turn red. But revolves the American Banking industry's haze not to diverge completely. 　　

Morgan passes the MBS analyst to indicate greatly in October 15 report, the bank reason buy-back violation's home loan has not produced the loss amounts to possibly reaches as high as 55,000,000,000 - 120,000,000,000 US dollars. Although related stops the news which redeems blotting out the sky temporarily, but stops redeems the question is mainly “the procedure aspect question, can be solved, but the buy-back loan's risk possibly is the most major problem which the bank faces”. 　　

Morgan passes the analyst to say greatly that some 2,000,000,000,000 US dollars loans already broke a contract or have the possibility to break a contract, occupy the US from 2005 6,000,000,000,000 US dollar mortgage loans which and the house rights and interests loan to 2007 total provides 1/3. The violation loan military order banking industry, two, the bond investor and the underwriter altogether suffers 1,100,000,000,000 US dollars losses.


This line of estimates, the banking industry is compelled the loss which because of the loan defaults the buy-back loan possibly suffers, some 23,000,000,000 to 35,000,000,000 US dollars from supports the organization to the government like “two” the sell or the loan which guarantees by these organizations; 40,000,000,000 to 80,000,000,000 US dollars supports organization from the non-government the mortgage loan, 20,000,000,000 to 31,000,000,000 US dollars from house rights and interests loan. 　　
In fact, the analyst the estimate which possibly sustains a loss regarding the bank is inconsistent. The excellent analyst thought that the worst situation suffers 84,000,000,000 US dollars losses. The Deutsche Bank analysts said in last week's memoir that loses the existence very big uncertainty finally regarding the mortgage loan buy-back, moreover is unable to know for certain for a period of time, but the bank also has the time to digest the loss. 　　
German silver analyst believed that the American Bank, Morgan pass the risk which undertakes with the rich country bank to be biggest greatly. The Bakelai capital's statistics revealed that these three banks add on the Citibank to control American Fang Dai to sign and issue and to receive money the market 55% shares. If the borrower breaks a contract, these banks are responsible to stop redeem the procedure.
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2010/10/19

Hungary will divulge the aluminum manufacturer to compensate 7,600,000 US dollars

Hungary has the divulging event's Hungarian aluminum production Trading company on 18th to take a stand, will pay damages 7,600,000 US dollars in the next 5 years to the victim.

Hungary Aluminum Production Trading company Board of directors President Towle nai said that the Hungarian aluminum production Trading company already prepared “to pay damages the victim 1,500,000,000 forints by the indemnity way in the next 5 years”. “although has not been able to determine the divulging accident owner, but we must process this human tragedy,” Towle nai said that “we will make the economic compensation.”On the 4th of the month, the Hungarian aluminum production Trading company serves under somebody's banner an aluminum manufacturer waste material pond divulging, about 1,000,000 cubic meter red waste material flows in the Cologne Daer village and so on nearby 3 villages and small towns, causes the house to flood, the farmland damage, at least 9 dead.

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Citibank predicted that Indian economical speed-up will surpass China in 2014






2010/10/18

The exchange rate conflict gunsmoke rises from all directions the global deduction “the currency security war”

One is the US and so on main importing country pulls the low exchange rate exhaustively, one is the leading exporter blocks the tendency which furiously the exchange rate elevates day by day. A fermentation long exchange rate war has been ready to make trouble, although the International Monetary Fund is mediating various countries' diligently the dispute, but the effect is not obvious. Simultaneously many analysts thought that gets down the global economic cooperation possibly in light of this to be destructed for a long time.

Britain Financial Times carries the article to believe that the other day convened global Treasury Secretary and Central Bank president the conference has not been able to achieve any resolution, the global cooperation falls into the torn to pieces region to be able to erupt into “the exchange rate war” newly. Global each big economy unprecedented huge accuses the US in the exchange rate question difference to carry out the ultra loose monetary policy, this lets massive floating capital like Hong flow to the emerging body, thus destroyed the new economy stability. The US insisted that requests the International currency Organization to strengthen the attention exchange rate and the foreign exchange reserve accumulates, this will intensify the global exchange rate shake.

during 4 months, US dollar from 88.7 point top digits to 76.92, US dollar index accumulation falls 13%. Was the other state money passive revaluation which corresponds with this, the euro once created 8 month new high to US dollar exchange rate, the Australian Dollar rushes to for 27 years to US dollar to be highest. The Japanese Yen was once highest to the US dollar exchange rate refurbishing for 15 years. in this does not have the gunsmoke exchange rate to fight, various countries are not willing US dollar to compel, initiates “the currency security war” in abundance.

Japan intervenes the standard currency for the first time as the cutting edge for 6 years, hereafter Brazil, South Korea also follow intervene our country foreign exchange market. Thailand is “the potent drug” suppresses the Thai bhat for our country foreign exchange market under by the chart to revalue excessively, requests to attain the capital principal and interest to the foreign capital investment bond to levy 15% deducting tax in advance with the interest income. the condition which operates independently in view of various countries, International Monetary Fund President Strouse - Kann appealed that takes the definite move respectively not only, but the copy pleasantries, he expressed that some countries thought their currency is one kind “the weapon”, “the currency war” obviously to global economic not any advantage.

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US stock market prelude earnings quarter





2010/10/17

Chile is stranded the miner to sue mining industry company to sue for damages 1,600,000 US dollars

Chile succeeded the other day rescues 33 miners who is stranded, recently, was stranded the miner already to mention to the mining industry company the lawsuit, and requests the mining industry company to pay 1,600,000 US dollars indemnities.

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US postpones announcing exchange rate report again



2010/10/14

Sharp increases in minimum wages in several parts of China

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Britain Central Bank may promote currency stimulation policy further




2010/10/13

Only RMB “revalued”

How no matter between the world principal currency the exchange rate does fluctuate, the RMB rate has been maintaining the relative stabilization. This fact indicated that a Japanese Yen strength is opposite in US dollar strength, is not big with the RMB rate concern relation, euro near section time revaluation, is also is opposite in US dollar exchange adjustment, but is actually maintaining with the Renminbi exchange rate invariable. The question is very obvious, was US dollar market fluidity increases has caused the currency revaluation which in the exchange rate market might exchange freely.RMB is innocent.
American manufacturer insists to declare that the Renminbi is underestimated 40%, caused the American manufacturing industry to lose several million employment opportunities. 　　
Under pressure, Chinese in June lifts heavy objects opens the more nimble exchange rate system, the Renminbi has revalued approximately 2.3%. 　　
If does not have “the Renminbi artificial underestimate” originally the question, Chinese side's compromise has become that the truly artificial underestimate currency value self-confirmation. Gets to know the benefits of the US and Europe increase the weights suddenly, disliked that the Chinese side revaluation speed is insufficient. Zhou Xiaochuan recently indicated that will not have anything “the shock treatment”, the Chinese side according to own plan “the evolution” the revaluation.
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2010/10/12

British in August the merchandise trade deficit squeezes to 8.2 billion pounds

On Tuesday announces the data demonstrated that the British August's merchandise trade deficit compares July's historical high spot to have squeezes, because mainly the same month import amount drop scale surpasses the export, simultaneously increases to Europe's export amount. 　　
The Britain State Statistical Bureau (Office for National Statistics) announces, British in August the whole world merchandise trade deficit squeezes to 8.2 billion pounds. July's merchandise trade deficit to set a record 8.7 billion pounds.
Last week accepted the economist who the Dow Jones news agency (Dow Jones Newswires) investigated to estimate that British in August the merchandise trade deficit was 8,000,000,000 pounds. 　　
The data demonstrated that August's import amount compares in July drops 800,000,000 pounds, the export amount drops 400,000,000 pounds. 　　
British in August compares to EU country's export amount in July increases 100,000,000 pounds, the import amount drops 300,000,000 pounds. This influence, British in August largely is squeezed to EU country's merchandise trade deficit by July's 4,000,000,000 pounds to 3,500,000,000 pounds.
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2010/10/11

The expert forecast that won will continue to be strong

According to Hanlianshe reported that the won exchanges US dollar exchange rate also to continue to fall this week.

On 11th 10.7 points, the Seoul foreign exchange market's won exchanges US dollar exchange rate in the morning is 1113.8 wons, fell 6.5 wons compared to last weekend.

According to the analysis, realizes the large-scale trade surplus and the foreign capital buys up the South Korean stock and the bond, causes the massive US dollar inflow home, is pushes the high won value the principal factor.

By the end of September, the foreign capital purchases the scale in the domestic stock market and the debt city to amount to 69,600,000,000,000 wons only. , In the negotiable securities market, the foreign capital also only has purchased since this month the stock in the continual six trading days.

The expert believed that a won value is opposite in the Asian currency was underestimated, attracts foreign investor's primary cause.

The foreign exchange market expert said that the won has not restored in the Asian area currency to 2008 the financial crisis before one of level few currencies. The foreign investor forecast that the won continues to be strong, and to realize the arbitrage, emerges the domestic stock market and the bond market on a large scale.

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IMF share reform will be finished in several weeks





Indian Central Bank expressed that it will intervene foreign exchange according to the need


2010/10/9

Buffet say ever does not make the transaction with the stockholder's rights company

Berkshire Hathaway Chairman Buffett indicated that will avoid from the release lever purchase company hand purchasing the enterprise, what because these companies cared will be “the withdrawal strategy”.

He, in records in the good speech for the international business management network San Francisco seminar to indicate in advance, “what we regard enters the strategy, these tender offers company does not know the business.”The international business management network is headquarters located at London's non-profit organization, the member including the institutional investor.

Buffett this year 80 years old, he causes Berkshire Hathaway through 40 year stock investment and the purchase to become a value 205,000,000,000 US dollar insurance, the energy and the consumable providers. He mainly seeks the purchase to have the sustainable competitive advantage enterprise, and lets the enterprise superintendent continuing appropriation enterprise. He indicated that after purchase likes letting the original superintendent continuing appropriation enterprise, because they have “the fervor” to the enterprise and “understand the enterprise”.

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The exchange rate war into the IMF center subject






2010/10/8

Brazil fires the exchange rate blocking action

Because massive US dollars emerge Brazil, will cause the Reals to rise again once more to US dollar exchange rate before September, 2008 financial crisis erupts the level, the Brazilian Government promotes the measure continuously in the near future, will intend to the impediment Reals exchange rate to continue to climb.
Since this year, resumes the growth with steady steps along with the Brazilian economy, enters Brazil's US dollar capital to continue to increase, especially issues additionally stock financing after September Brazil Petroleum Company, massive US dollars enter the Brazilian market. The digit which on October 6 issued according to the Brazilian Central Bank demonstrated that in September altogether has 16,716,000,000 US dollars to flow in Brazil, has been the Brazilian Central Bank carries on this statistical since 1982 in the odd-numbered month highest amount; From this, same month Brazil US dollar net current enters amounts to 13,726,000,000 US dollars, was higher than same time last year the level far.
Although Brazilian Central Bank daily two entering the market purchase US dollar prevents the Reals the revaluation tendency, but the Reals currency value recently still repeatedly rose. On September 15, the Reals to US dollar exchange rate is 1.708:1, since has been last November the maximum. On October 5, the Reals achieves 1.675 to US dollar exchange rate :1, is the financial crisis erupts for two year maximum level.
The Reals revalues fast, to is being restored the Brazilian industry not less than is the blow to the head. Brazil Minister Guido · Munder adds indicated at the end of September in Sao Paulo that Brazil has taken the measure, absorbs in the market through the use foreign exchange reserve and the sovereignty fund surplus US dollar, maintains the stabilization of exchange rate. He emphasized: “Brazil has more than 2700 hundred million US dollar foreign exchange reserves, has ability to prevent the Reals to revalue excessively.”
On October 4, Munder will add the announcement, Brazil will start from 5th, to increase in view of the foreign investor in the Brazilian regular earnings investment financial operation tax, the tax rate from 2% increases 4%. He emphasized: “US dollar will decline to the Reals exchange rate will affect our export. Therefore, we decided enhances tax revenue.”
In last November when the Reals revaluation anticipated surged upward, Brazil through the collection finance operation tax, suppressed the capital inflow Brazil capital market short-term arbitrage, obtained the good results, the Reals receded gradually to US dollar exchange rate to the beginning of May 1.881:1 level. Now, the Brazilian Government hoped obviously enhances to the arbitrage foreign capital taxation, the attack short line “the hot money” to the Brazilian market interest, by stable Reals currency value.
The announcement raises financial operation tax rate one day later, the Brazilian Government knocks out the fist once more, is authorized Ministry of Finance to purchase the total amount to reach 10,700,000,000 US dollars US dollar foreign exchange ahead of time, before repays the bond which 2014, expires, but Ministry of Finance is only before the bond which in two years expire prepares by the authorization to repay the fund. The financial circles public figures believed that this act will enlarge Ministry of Finance to deal with the exchange rate question ability. 　　
For all this, the Reals has not receded accordingly to US dollar exchange rate, still moved in 1.7:1 top digit levels. Munder adds to the media stressed whether the policy effective isn't a one-day effort, but the Brazilian Government has ability to control the exchange rate level.
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2010/10/6

US dollar slipping,the international oil price hit a latest record higher for five months

Affected by US dollar exchange rate slipping and other factors, the international oil price on 6th continues to rise, the crude oil stock the settlement price sets the record of nearly five month new high on Wednesday. 　　Closes up to 6th, New York commodity exchange in November delivers the light crude forward price rises 41 cents, receives in each barrel 83.23 US dollars, the increase scope is 0.5%, in the plate once climbed to each barrel 84.09 US dollars, since has been May the maximum valency. The London market North Sea Brunt crude oil forward price rises 22 cents, receives in each barrel 85.06 US dollars.


At the same day, the United States Department of Energy announces the stock report showed that the American commercial crude oil stock increased 3,100,000 barrels last week, amounts to 360,900,000 barrels, compared with the same time last year the level is higher than 7%. But the gasoline and the fraction oil stock reduced 2,600,000 barrels and 1,100,000 barrels separately. Three change fluctuation are higher than the market to anticipate. 　　This report also showed that the American Refinery's utilization of capacity achieves 83.1%, compared the preceding week to drop 2.7%. 　　Some analysts said to Wall Stree Journal that will keep in stock the data and US dollar prospect will possibly support the oil price to continue to rise, and possible to break through several months not to be able to break through slightly is higher than each barrel 80 US dollar resistance position.


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Closing: The economic resurgence,confidence strengthens,US stocks receive higher largely



2010/10/5

Bank of Japan pre-empt the shot was intended to prevent appreciation of the yen

Since August of this year, economic growth in Europe and America due to sluggish domestic demand, the U.S. proposed plan to double exports to allow the weak dollar, European financial authorities to promote moderate currency depreciation, led the yen soared, causing the yen against the dollar most of the time at high of about 85 to 1. 

Appreciation of the yen makes Japanese exports of enterprise performance impairment, more severe deflation. Japan's ruling and opposition concerns, Japan's economic recovery process will be hampered, and bear the downside risk. To address this situation, the Japanese government and central bank adopted a series of measures to prevent the appreciation of the yen to stimulate economic growth. 

August 30 this year, the Bank of Japan decided to open operations by means of injection to the market size from the original 20 trillion yen to 30 trillion yen. September 10, the Japanese government officially announced that it will adopt a scale of 915 billion yen in the new economic stimulus plan to promote employment and stimulate consumption, the risks should the yen appreciate. However, these two measures did not play as expected, the yen is still more than 1 in 83 high. 

September 15, the Japanese government and central bank foreign exchange market to sell yen in Tokyo to buy dollars, yen direct intervention, the yen exchange rate fell to 85 to 1 followed. But then again rose to 83 yen to 1, and continues today. 

Can be said that the Japanese government and central bank measures to curb the appreciation of the yen effect is very limited. The reason, many analysts believe that, first, the Japanese government and central bank action to slow, missed the best time of intervention; Second, there is no co-operation in Europe and America, alone of limited intervention in the exchange rate; three major economies in Europe and America's prospects for recovery is still not optimism, the dollar exchange rate in the United States led the downward pressure there. 

Market is expected to stimulate economic recovery, U.S. authorities may be added in early November and further more relaxed monetary policy, thereby increasing the pressure on appreciation of the yen. In view of this, combined with previous lesson, the Bank of Japan considers it necessary to rush in the United States action in advance of a new round of face to resolve the appreciation of the yen risk. 

In addition to a zero interest rate policy announcement, the Bank of Japan 5, also announced that the price can be determined before the situation has stabilized and has zero interest rate policy, provided that no financial aspects of other risks and problems. In addition to specific research fund created to buy assets of matters in order to purchase government bonds, corporate bonds offer a fixed interest rate and other financial assets, the common way of guarantee funds, fund size is 35 trillion yen. 

The news came out that the Tokyo stock market and foreign exchange markets caused by different levels of response. 

Day, the Nikkei 225 stock average rose 137.7 points, after a lapse of 4 days to 9500 points or more upside once again. As of 17:00 the same day in Tokyo, the yen fell to 83.50 against the U.S. dollar compared with the level of 1 to 83.51 to 1, only the previous trading day down 0.27 yen. It can be seen more distant foreign exchange reaction. 

Some market participants believe that only a continuation of the previous Bank of Japan's monetary easing policy, no major changes in direction, and thus limited the effect of additional policies. First step of action the Bank of Japan yen could defuse pressure, remains to be seen.

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The Eurozone 16 countries appealed that the RMB should revalue to stimulate economic growth

The Eurozone 16 country's senior officials indicated that hoped a Chinese permission Renminbi larger revaluation, promotes the global economic swift growth.Prime Minister Luxembourg, Eurozone 16 country group's President Rong Ke pointed out that European Union hoped sees the Renminbi to US dollar and other world principal currency exchange rate “the comprehensive revaluation”. Rong Kehuan said that when Tuesday earlier when with Chinese Premier Wen Jiabao meeting, he also expressed this viewpoint.
Participates in this Central Europe high-level meeting also to have European Union to be responsible for currency business's special commissioner the auspicious graciousness, as well as European Central Bank president Terry thanks. Allows at a press conference which the gram holds after the meeting to reporter to disclose: “China's effective exchange rate is still underestimated”.
Rong Ke indicated on behalf of European Union that European Union hoped China stimulates more domestic demands, at present the euro “has not achieved the level which to the Renminbi exchange rate we hoped”.

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