Contact us

Company Name:
Lishui Huanqiu Bearing Trading Co., Ltd.

Company Address:
No.11 Shiting Road, Shuige Industrial Zone,Lishui, Zhejiang,China
Contact Person: William

Email: admin@tradebearings.com
Homepage: www.asiabearings.com
Bearing B2B: www.tradebearings.com

email

 

Home > News >

Asian shares steady, U.S. budget concerns weigh

Asian markets before the slow quiet trade Monday from late last week slump, the risk of price limit by the United States cannot avoid financial crisis on the tension.
European stock markets may be restrained, financial point difference is superior to predict when rich London 100 index (FTSE: ^ FTSE - news) and Paris CAC - opened the stable high 0.1%.
Other assets activities also is abate, spot gold settle down, as investors sidelined, but oil prices fall, the United States continued slow crude oil fell 0.2%, still less than $89 a barrel, and brent crude oil futures fell 0.3%, to $108.70.
Morgan Stanley capital international (NYSE: Morgan Stanley capital international - news) is the most widely used in Japan outside of the asia-pacific stock index is up 0.1%, down to nearly two weeks after low, in the house of representatives on Friday said John boehner tax plan failed to get support, people worry that the United States may not be able to avoid the "fiscal cliff" automatic cut spending and raise taxes on January 1st.
Last Friday, the White House to save the stalled talks, but almost no progress, congress and President Obama gave up Washington's Christmas present.
Many market participants are still expected year-end deadline to the two sides reach a compromise, but increasing tensions may kill trade has slowed holiday.
"This is about the American financial cliffs, IHS Purvin&Gertz company's managing director said:" victor deep,. "Opportunity, we will get the White House and the republican party, but a transaction between borna fact, fail to win support for his plan is worrying."
The Australian stock market in the short term before meeting in Christmas rose 0.25%, improve blue chip, but trade is very thin, many players have left.
The hang seng index closed up 0.2%, Hong Kong's financial markets at noon of Christmas vacation closed on Thursday, restore trading. Shanghai stock market run win, their peers, an increase of 0.5%, the market is expected to more public capital allocation.
South Korean stock market up 0.1%, before Christmas light trading, weaken the Japanese yen and the American financial uncertainty make investors uneasy.
Japan's financial markets were closed public holiday, and on Tuesday to opening.
A dollar rose 0.2%, to 84.35 yen, below 84 yen on Friday. Dollars twenty months high touch 84.62 yen on December 19,.
The yen expected, the bank of Japan will be forced to adopt more stringent monetary stimulus measures next year, the incoming prime minister Shinzo Abe (Shinzo Abe) for the bank of Japan to take action, make dozens of years of deflation pressure.
At the weekend, shinzo Abe, increasing pressure, the Japanese TV says he will try to reform the legal guarantee the independence of the bank of Japan, if can't meet his demand binding inflation target.
In the past week, the currency speculator increased their bets against the dollar, according to the commodity futures trading commission data released on Friday. Betting against the yen to fall for more than five years after the peak.
But the market generally see a strong dollar, now the American financial impasse is likely to continue to weaken the investor appetite for riskier assets, improve the dollar hedge attraction.
"It looks like all financial cliff negotiations momentum is gone," said rob, Ryan, royal bank of Scotland (RBS. LSE: L - news) in Singapore's strategy. Despite the dollar may be moved by the end of this year flow, "balance I will see a strong dollar, to the end of the year," Ryan said.
EPFR global, a fund, tracking company, said on Friday, investors all over the world and $4.1 billion bond fund global by December 19th week, since August 2011, and favour risk higher exchange trade fund, although in the United States budget joust.
Exchange trading funds generally believe that as a representative of institutional investors behavior, and can be used for speculation, the indicators of gambling.
The euro zone SET focus on Italy
Focus on the euro zone will be next year to Italy, Mario briant announced on Sunday, two days later, his resignation, he will consider seek a second term Italian prime minister close Allies to support his reform severe brand.
Trophy will be in February 24-25 held parliamentary elections, as the eighth largest economy in the world suffer from recession and public debt over us $260 million, increased investor concerns, the euro area's economic growth and stability.
Italy is facing the huge bond redemption in the first quarter of 2013 and failure to ensure that funds can come on, not only in Italy's sovereignty financing worries, but also a highly indebted Spain, beaten's confidence in euro.
 



Other News:
Asian shares steady, U.S. budget concerns weigh
Mr Putin's trip to India to sign $2.9 billion army purchase contracts
The FBI Treated Occupy Like a Terrorist Group
Most Extreme Space Discoveries of 2012
Pakistan, Afghanistan trying to turn Taliban into political movement
Nasty weather threatens Gulf Coast for Christmas
Memorial service for Sen. Inouye held in Hawaii
Newspaper Publishes Gun Owners' Names and Addresses