In 2008 the Dow has fallen 34 percent, the S & P 500 fell 38 percent full-year decline since 1937 hit a new high. Nasdaq fell 40.5 percent full-year decline in 35 years hit a new high, even beyond the technology bubble in 2000, when the Nasdaq broke down 39% decline.
Canter Fitzgerald U.S. market strategist Marc - Padoin (Marc Pado) said, "U.S. stocks plummet in the fourth quarter may have been to allow the market to fully adjust to future market gradually returning to normal."
U.S. manufacturing index in December fell to a 28-year low
U.S. Institute for Supply Management (ISM) report on U.S. manufacturing index in December (584.600, -8.66, -1.46%,吧) in November from 36.2% to 32.4%, down from Townsend Reuters survey of economists by an average of the expected 35.5 percent, and record since 1980 a new low.
ISM said that this was the index the third consecutive decline in five months, and the month does not have an independent report on the manufacturing sector growth.
Readings above 50% means that the manufacturing economy's growth, while less than 50% would mean shrinking. Analysts said the latest reading means that the continuing recession in the environment.
ISM said that new orders index in December the third consecutive decline in 13 months and is now in January 1948 the lowest level since.
The employment index in November from 34.2% to 29.9%.
Price index from 25.5% to 18%.
Second, this week, another report showed that in December the Chicago area business activity remained sluggish. December Chicago Purchasing Managers Index was 34.1%, higher than November's 33.8 percent rise slightly.
The history of the euro zone manufacturing sector to shrink the most serious
December 2008 District 15 European manufacturing activity shrunk for the first seven months, and drop at least 11 years since a new high. The publication of the report, a substantial increase in the market on the European Central Bank in January 2009 monetary policy meeting is expected to continue to cut interest rates.
Amended in December the euro zone purchasing managers index released by the last 34.5 down from 33.9; November figure was revised to 35.6.
The figure below 50 indicates a contraction in manufacturing, below 50 contraction the greater the difference between the rate of the more serious. In December 2008 of the purchasing managers index data for 11 years is the lowest in history.
Released today in December 2008 the euro-zone purchasing managers index amendments to the report, further evidence of the euro-zone economy already in recession. Many economists believe that will be released next Tuesday the service sector purchasing managers index will also be a recession in the euro-zone economy of new evidence, and add to the European Central Bank cut interest rates continue to pressure. At present, the ECB's benchmark rate to 2.5 percent, which will be the next monetary policy meeting is scheduled in January 15, 2009 to convene.
Recently, from many different sectors have criticized the ECB for not following the U.S. Federal Reserve and the Bank of England cut interest rates to take radical policy.
Russia cut off the supply of natural gas prices closed at a three-week high
New York crude oil futures prices Friday closed at a new high since three weeks. Today, rising oil prices is due to the U.S. stock market opened higher improved investor sentiment, Russia cut off gas supplies to Ukraine, the market worried that the European energy suppliers affected and so on.
New York Mercantile Exchange, February delivery of crude oil futures prices rose 1.74 U.S. dollars, or 3.9 percent, to close at 46.34 U.S. dollars a barrel. Today, after oil prices had fallen by up to 8 percent, reported 41.05 U.S. dollars a barrel.
Exchange services, vice president of Alaron Trading's Phil - Flynn (Phil Flynn) said, "At the beginning of 2009, oil futures markets on favorable investor sentiment changes, no longer so pessimistic. Russia and Ukraine dispute between seems to have to make the oil market psychology has changed, and OPEC production cuts are signs of a further boost oil prices. "
Russia and Ukraine energy dispute between the oil futures market today the focus of concern.
2009 New Year's Day, Russia cut off Ukraine's gas pipeline leading to, because the neighbors said they did not repay the state-owned Russian gas giant - Gazprom (Gazprom) in debt.
Despite Russia's commitment to continue through the pipeline via Ukraine to other customers with natural gas, but natural gas pipeline will reduce the pressure on Germany, Italy and some other countries to buy the natural gas supply side was reduced. Supply of natural gas in Western Europe, about 25 percent is from Russia through Ukraine's pipeline. If the shortage of gas supplies from Western Europe will use the civilian fuel oil as a substitute.
Russia has made some EU countries to guarantee that they will not face the issue of gas supply disruption.
Friday the New York Mercantile Exchange other energy commodities, the February delivery of the civilian fuel oil futures prices rose 3.2 percent, to close at 1.489 U.S. dollars per gallon. February delivery of the new reformulated gasoline futures prices rose 2.7 percent, to close at 1.0909 U.S. dollars per gallon.
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http://mengziren.blogspot.com
Canter Fitzgerald U.S. market strategist Marc - Padoin (Marc Pado) said, "U.S. stocks plummet in the fourth quarter may have been to allow the market to fully adjust to future market gradually returning to normal."
U.S. manufacturing index in December fell to a 28-year low
U.S. Institute for Supply Management (ISM) report on U.S. manufacturing index in December (584.600, -8.66, -1.46%,吧) in November from 36.2% to 32.4%, down from Townsend Reuters survey of economists by an average of the expected 35.5 percent, and record since 1980 a new low.
ISM said that this was the index the third consecutive decline in five months, and the month does not have an independent report on the manufacturing sector growth.
Readings above 50% means that the manufacturing economy's growth, while less than 50% would mean shrinking. Analysts said the latest reading means that the continuing recession in the environment.
ISM said that new orders index in December the third consecutive decline in 13 months and is now in January 1948 the lowest level since.
The employment index in November from 34.2% to 29.9%.
Price index from 25.5% to 18%.
Second, this week, another report showed that in December the Chicago area business activity remained sluggish. December Chicago Purchasing Managers Index was 34.1%, higher than November's 33.8 percent rise slightly.
The history of the euro zone manufacturing sector to shrink the most serious
December 2008 District 15 European manufacturing activity shrunk for the first seven months, and drop at least 11 years since a new high. The publication of the report, a substantial increase in the market on the European Central Bank in January 2009 monetary policy meeting is expected to continue to cut interest rates.
Amended in December the euro zone purchasing managers index released by the last 34.5 down from 33.9; November figure was revised to 35.6.
The figure below 50 indicates a contraction in manufacturing, below 50 contraction the greater the difference between the rate of the more serious. In December 2008 of the purchasing managers index data for 11 years is the lowest in history.
Released today in December 2008 the euro-zone purchasing managers index amendments to the report, further evidence of the euro-zone economy already in recession. Many economists believe that will be released next Tuesday the service sector purchasing managers index will also be a recession in the euro-zone economy of new evidence, and add to the European Central Bank cut interest rates continue to pressure. At present, the ECB's benchmark rate to 2.5 percent, which will be the next monetary policy meeting is scheduled in January 15, 2009 to convene.
Recently, from many different sectors have criticized the ECB for not following the U.S. Federal Reserve and the Bank of England cut interest rates to take radical policy.
Russia cut off the supply of natural gas prices closed at a three-week high
New York crude oil futures prices Friday closed at a new high since three weeks. Today, rising oil prices is due to the U.S. stock market opened higher improved investor sentiment, Russia cut off gas supplies to Ukraine, the market worried that the European energy suppliers affected and so on.
New York Mercantile Exchange, February delivery of crude oil futures prices rose 1.74 U.S. dollars, or 3.9 percent, to close at 46.34 U.S. dollars a barrel. Today, after oil prices had fallen by up to 8 percent, reported 41.05 U.S. dollars a barrel.
Exchange services, vice president of Alaron Trading's Phil - Flynn (Phil Flynn) said, "At the beginning of 2009, oil futures markets on favorable investor sentiment changes, no longer so pessimistic. Russia and Ukraine dispute between seems to have to make the oil market psychology has changed, and OPEC production cuts are signs of a further boost oil prices. "
Russia and Ukraine energy dispute between the oil futures market today the focus of concern.
2009 New Year's Day, Russia cut off Ukraine's gas pipeline leading to, because the neighbors said they did not repay the state-owned Russian gas giant - Gazprom (Gazprom) in debt.
Despite Russia's commitment to continue through the pipeline via Ukraine to other customers with natural gas, but natural gas pipeline will reduce the pressure on Germany, Italy and some other countries to buy the natural gas supply side was reduced. Supply of natural gas in Western Europe, about 25 percent is from Russia through Ukraine's pipeline. If the shortage of gas supplies from Western Europe will use the civilian fuel oil as a substitute.
Russia has made some EU countries to guarantee that they will not face the issue of gas supply disruption.
Friday the New York Mercantile Exchange other energy commodities, the February delivery of the civilian fuel oil futures prices rose 3.2 percent, to close at 1.489 U.S. dollars per gallon. February delivery of the new reformulated gasoline futures prices rose 2.7 percent, to close at 1.0909 U.S. dollars per gallon.
Original article reprint please specify: Reprinted from
http://mengziren.blogspot.com
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