Oil Prices Touch USD100/Barel Thanks to the Fed
Crude oil prices rose again due to the central bank’s plan of the United States (U.S.) or U.S. Federal Reserve (Fed) to maintain its interest rate until the end of 2014.
After meeting to discuss the policy, which took place over two days, the Fed declared the U.S. economy is sufficiently developed, despite the global economic slowdown, the U.S. unemployment rate is still high and the economy faces significant downside risks.
“This bodes well for the U.S. dollar to strengthen, and higher commodity prices as the Fed will continue to restrain inflation as part of efforts to revive the U.S. economy,” said Again Capital LLC, John Kilduff, in New York, as reported by Reuters , Thursday (26/01/2012).
“We saw some policymakers in the Fed, choose to see the first increase in interest rates this year, with several others looked at the increase in 2016. In terms that might be a long-term investors may be detained, on accommodation policies of the Fed,” said PFGBest Research analyst Phil Flynn in Chicago. › Continue reading
ILO: World Need 600 Million Jobs
International Labour Organizations (ILO) to assess the needs of workforce jobs is more urgent now. This institution asserted need 600 million new jobs within the next 10 years.
“Despite heavy government efforts, the job crisis continues. One in three workers worldwide, or 1.1 billion people estimated unemployed or living in poverty,” said ILO Director-General Juan Somavia, as reported by the Straits Times, Tuesday (24 / 1 / 2012).
According to him, what is needed now is to create new jobs in the real sector, which should be priority number one side.
“Whether or not we recover from this crisis will depend on how effective government policies,” he said. › Continue reading
Dow Jones Results Best Level Since Christmas
Stocks on Wall Street score their best level since Christmas last year. After the release of strong earnings reports from IBM and Intel are inversely proportional to Google’s report.
In this week’s market situation become the busiest relating to “earnings season”, with some concern over the sharp growth in revenues and offset by cost reductions.
Quoted by Reuters on Saturday (01/21/2012), Dow Jones Industrial Average rose 96.50 points, or 0.76 percent, to 12720.48. Standard & Poor’s 500 index edged up 0.88 points, or 0.07 percent to 1315.38. But the Nasdaq Composite Index slid 1.63 points, or 0.06 percent to 2786.70.
This week, the Dow rose 2.4 percent and the S & P 500 rose two percent as reflected in the satisfaction of investors that earnings do not reflect the worst elements that influence the market. Given the problems in the eurozone that has weighed on investors. › Continue reading
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Gold Prices Rise Again
Gold prices moved higher after Standard & Poors downgraded the debt of nine European countries that became negative centimeters.
After this step the S & P, the pressure to complete the negotiations for Greece in order to avoid a loan default status (default).
Meanwhile, investors also pay attention to China’s economic data which is an indicator of economic growth for Asia. China will announce the figures gross domestic product (GDP) in 2011.
As quoted by Reuters on Tuesday (1/17/2012), the price of gold moved higher 0.1 percent to USD1.645, 6 per ounce. While the U.S. gold prices rose nearly one percent to USD1.646, 3. › Continue reading
“Gold Prices Will Translucent USD1.940/Ounce”
Goldman Sachs said the price of crude oil, gold and copper in 2012 will strengthen this.
“We see gold and copper will reach its highest level in 2012 was, along with the improving economic fundamentals in 2012,” the investment bank said as quoted by Indiatimes, Saturday (14/01/2012).
Rise in metal commodity prices, he added, trailing minmyak price increase that will occur this year. “In our view, it’s just a matter of time when OPEC cut back production and hoist oil prices rose due to increased demand,” he explained.
In his notes, sanctions against Iran could push oil prices well into the $ 130-140 per barrel. He said the focus of oil markets is the potential closure of the Strait of Hormuz.
In addition, the bank also said gold prices are expected to continue to increase through 2012, reached USD1.940 per ounce for one year, due to the current low level of real U.S. interest rates. › Continue reading
S & P Lower Debt rating 9 European Countries
Standard & Poor’s downgraded the debt of nine euro zone countries. France and Austria should be dropped from the highest debt rating of triple A. But Germany’s debt ratings unchanged.
“The decline in ratings these days because the assessment of policy initiatives taken by European policy makers in recent weeks may be insufficient to fully address the ongoing systemic pressures in the euro zone,” said lambaga US-based agency said in a statement like this quoted by Reuters on Saturday (01/14/2012).
S & P cut ratings Italy, Spain, Portugal and Cyprus as much as two levels and standings Prrancis, Austria, Malta, Slovakia and Slovenia down one level. This downgrade puts Italy in the position of BBB +, as ranked Kazakhstan. While Portugal is now junk status. › Continue reading
The impact of European Downgrade, Price of Oil sales drop
Oil prices moved lower due to renewed concerns about the economy in Europe because of the Standard & Poor’s has downgraded the debt of government of France, Austria and other European countries.
Benchmark states that crude oil dropped from 40 cents to finish at USD98, 70 per barrel in New York. Brent crude oil, down 70 cents to USD110, 35 per barrel in London.
As quoted by the Associated Press (AP), Saturday (14/01/2012), the S & P has lowered the debt rating of nine European countries like France, Austria, Italy and Spain. But Germany’s debt rating at the AAA level. › Continue reading
American Keep track of Trafficking Violations in China
President of the United States (U.S.), Barack Obama intends to make a team (task force) to monitor and respond to possible violations by China’s commercial trade.
Wall Street Journal reported, as reported by the Straits Times, Wednesday (01/11/2012), although the team has a name in general, specifically targeting Beijing.
The team will involve the Ministry of Finance, Ministry of Commerce, and the Department of Energy, as well as U.S. trade representative’s office. This was reported after Treasury Secretary Timothy Geithner was in Beijing.
Nevertheless, the White House would not confirm the report. But Obama spokesman Jay Carney said the government would continue to press China to the lowest level for American workers and employers. › Continue reading
ECB Predicted to Hold the Interest Rate
The analysts predict the European Central Bank (ECB) is likely to hold interest rates are usually done at the monthly meeting after the two consecutive months trimmed.
Analysts believe, with the problem of European debt crisis and economic downturn has prompted the ECB immediately set rates at levels below one percent at this time.
ECB President Mario Draghi said in a statement, as reported by the Straits Times, Wednesday (11/01/2012), on Thursday told a press conference tomorrow will tell me more about how soon the ECB thinks the European economy slows.
Then the steps of what will be done in anticipation of the spread of the crisis caused enormous debt in 17 countries using the euro as their currency. › Continue reading