International news
Fed distort the operation by $ 267 billion to the end of
U.S. Federal Reserve Board issued a statement on the 20th that will maintain a highly accommodative monetary policy, maintaining the federal funds rate in the range of zero to 0.25 percent at least until the second half of 2014. In recent months, the slowdown in employment growth, unemployment remains high, the Fed has not any hint will introduce further quantitative easing (QE3), but distort the operation will be extended to the end of the year, the amount of $ 267 billion.
China steel net view: QE3 in the U.S. Federal Reserve meeting on interest rates are still giving birth, but Bernanke has issued more than ever, strong statements, indicate QE3 is not far off. In fact, look at the dynamics of the global central bank, is expected late again loose should be more than the Federal Reserve, European Central Bank, Bank of England should be able to follow this case, the Chinese Government must brace ourselves.
Hot money reflux Europe and the United States Emergency sense of crisis in emerging markets increased
According to "Financial Times" reported that the BRIC countries (Brics) announced on Monday night, will start to build a financial safety net in the process of creating a common repository to spend in any country, experienced a sudden capital flight.
China steel net point of view: the emerging countries, "hot money" a lot of outflow, the more important reason is that the strength of the dollar. The latest news, QE3 once again absent from the U.S. Federal Reserve meeting on interest rates, indicating that the dollar will strengthen further this background, it is expected that emerging market countries, "hot money" out of the phenomenon will continue.
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