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 >

Euro surges to 14-month high, Fed decision awaited

London (Reuters) - the euro hit the highest level a year earlier, last Wednesday and shares, oil and metal also shows ascendant trend, to the global economic outlook as confidence ahead of the European data and in the United States, the federal reserve's latest policy decision.
The federal reserve will maintain the property is expected to buy dollars, $8.5 billion a month, when it was over after the meeting and keep its commitment to maintain interest rates close to zero, until the unemployment rate fell to 6.5%, at least.
European economic confidence in the data in 1000 GMT, the European central bank crisis to repay the loan and Italian 5 years and ten-year bonds sales will absorb most of the investor's attention, before this, they are looking for recovery, the region further evidence.
Share market, there was little change in London, Paris and Frankfurt open data, let all eyes since December 2011 $1.35 for the first time in euro rebound.
In addition to the recent rebound in confidence in the euro area, the recent rise in oil prices is one of the driving forces behind the bank to repay the crisis, they spent just over a year ago from the enthusiasm of the European central bank loans.
"It (the euro appreciation) is the current trend is, the risk is very healthy and stock have done well, said:" the bank Tokyo mitsubishi strategist Derek Halpenny.
"The risk is, the European policymakers have a nail (in euros and market interest rates) removed results in principle support one of the measures, as the fed and the bank of Japan also alleviate the euro is obviously the path of least resistance."
Asian markets earlier rise means MSCI world stock index rose 0.2%, in 21 months, the European trading high accelerated. The stock index futures put forward at the beginning of the Wall Street carefully.
Last Tuesday and China optimistic economic growth forecast for 2013 years of the strong U.S. housing data also support the optimistic mood, and give the fuel and industrial goods needs strong expectations, support oil prices and lifting copper.
In the bond market, the German bond futures opened under pressure, investors in the Italian national debt auction of strong demand and forward the German paper sales space and support.
Italy will provide up to 65 billion euros ($), in 2017 and 2022 due bonds. Dealer sales is expected to benefit from production hungry investor's risk, but mark order triggered a rebound sharply in recent months, a round of indigestion.
"(sale) may (GOES) ok, but I don't think that after the deal," a traders said.



Other News:
Euro surges to 14-month high, Fed decision awaited
New brand costs dent H&M's Q4 profits
New Zealand mulls cutting mail delivery to 3 days
US F - 16 fighter in Italy may have crashed in Adriatic
POSCO Q4 profit slumps, warns of 10 pct cut in 2013 sales
Stan Musial remembered during funeral Mass
Thousands march for gun control in Washington
Moody's cuts ratings of six Canadian lenders