Resources stocks put pressure on London stock market closed down 0.5 percent

Lloyds TSB and HBOS's share price rose, but the overall decline in commodity stocks led the London stock market closed moderately down. Lloyds TSB (LYG) shares rose 7%. HBOS's share price growth of 5.4 percent. As widely expected, the value of HBOS shareholders 13 billion pounds (about 19.6 billion U.S. dollars) financing scheme lukewarm, which means that the British Government to obtain newly issued HBOS shares 99 percent.

The market value of these shares has been lower than the issue price. Once Lloyd completed the acquisition of HBOS, the British Government will have after the merger the new company's shares 43.4 percent.

Credit Suisse analysts announced that Lloyd's stock rating from "market as" upward "and the market flat" on the grounds that the lower valuation and the British Government could help the banking industry to reduce high-risk assets.

Credit Suisse also said the British Ministry of Finance is expected to be carried out with the banks to cooperate more closely in order to reduce the difficulty of financing - including the expansion of the existing credit guarantee scheme will join the asset-backed securities, rather than forcing banks to raise more capital.

Higher today, shares of major banks are Royal Bank of Scotland, Barclays (BCS) and HSBC (HBC), followed by its stock rose 3.6%, 3.1% and 1.6%.

As of 4:30 pm London time Monday (Beijing Tuesday 0:30), the overall situation of Sino-British shares vane: FTSE 100 index fell 22.35 points to close at 4426.19 points, or 0.5 percent.

Other European markets were also lower, at midday the U.S. fell by about 1%. Mineral extraction are BHP Billiton (BHP) shares fell 3.3 percent, oil provider: British Petroleum (BP) shares closed down 1.9 percent.

British shares closed in New York light sweet crude oil futures fell to 40 U.S. dollars / barrel following a decrease of 3.15 U.S. dollars to 37.67 U.S. dollars. Oil prices last Friday suffered a poor U.S. employment data hit. Today, gold (180, -6.85, -3.68%,吧) also showed weakness, the most recent contract fell 30 U.S. dollars to 825 U.S. dollars / oz.

3i Group rating was raised ratings drop Aberdeen

London market today, the big losers are 3i Group, and its shares fell 4.7%. Morgan Stanley announced that it would 3i's stock rating from a "super-distribution" down to "even distribution of wealth", which is itself in the British-listed investment company for re-assessment as an integral part.

The broker pointed out: "Although 3i's shares rebounded from a low of 45 percent over, but we think that it shares the risk / return ratio has become more balanced, we have turned more optimistic about the position of the former must be with the sale of assets reduce the debt and capital stress-related information more transparent. "

At the same time, Morgan Stanley will Aberdeen Asset Management company's stock rating from "even distribution of wealth" upward "super-distribution." Aberdeen's shares rose 1.3%.

Morgan Stanley, said: "In view of the implementation of Aberdeen experience and improve the balance sheet, we believe that the company has further value-added from the transaction to benefit the best prepared to do a good job. We believe that the implementation of more experience with Aberdeen appear different people. "

The Wall Street firm also said that the issue of fundamentals still cautious stance, is expected to mutual fund sales will continue to be Schroders, Henderson and F & C Asset Management Corporation is facing a major problem. This is followed by the three company's stock closed down 5.3%, 4.1%, 2.3%.

The City AM reported that, Schroders and Henderson, as well as the Neptune, Hellman & Friedman are interested in the acquisition of New Star Asset Management (New Star Asset Management). New Star's shares rose 34.5 percent, closing price of 6 pence a breakthrough.

Rising Star this morning announced that a number of companies are considering the initial intention of the transaction, including the sale of the company. More than the media reported that the current acquisition of the fund management's offer of about 100 million pounds.

Inchcape considering the adjustment of capital structure

Automotive retailer Inchcape's stock fell 6.2 percent. The company announced, is to "adjust the capital structure of a series of options" to assess, including the issue of new shares. Inchcape reiterated its 2009 financial performance of the basic expectations, and said he would continue to implement the financing plan.

Real estate unit, Great Portland Estates shares fell 3.8%, Derwent London's shares fell 2.2 percent. JP Morgan announced that the two companies a rating from "neutral" from "underweight." The Wall Street firm noted that the study in their own real estate companies in 32 European, 70% of the companies are facing can not achieve the requirements of the credit agreement or the question of financing, 34 percent of the company is expected to need to raise new capital.
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Content for information purposes only and does not constitute investment advice. Accordingly investors operate your own risk.

Raw materials and energy stocks fell sharply

As of 11:00 am EST, the Dow Jones Industrial Average fell 67.46 points to 8531.72 points, or 0.78 percent. Dow 30 kinds of constituent stocks in a total of 23 stocks fell.

Alcoa (AA) fell 7.8 percent, Deutsche Bank cut its rating from "hold" to "sell", the United States last week, Alcoa announced that it would cut production and lay-offs.

Alcoa will release results after the close, analysts expected a quarter of its loss per share of 10 cents.

Citigroup (C) fell 10.8 percent, according to reports, Citigroup and Morgan Stanley (MS) has been basically reached an agreement after the merger of both operations. Morgan Stanley rose 4.9 percent.

Standard & Poor's 500 index fell 11.32 points to 879.03 points, or 1.27 percent; Nasdaq composite index fell 16.71 points to 1554.88 points, or 1.06 percent.

Intel (INTC) fell 2.2 percent, the company will release results Thursday. Intel and Wal-Mart (WMT) results released last week forecast disappointed the market.

Downlink because of the global economy so that investors feel uneasy demand for crude oil, crude oil futures fell 6 percent to below 40 U.S. dollars a barrel. New York Mercantile Exchange, February delivery of crude oil futures fell 2.55 U.S. dollars to 38.29 U.S. dollars a barrel.

Worrying because of the global economic outlook and dragged down by oil stocks, the European stock market trading day fourth consecutive decline.

By iron and steel shares and mining stocks dragged Asian stock markets fell Monday.

Last Friday, U.S. stocks trading days for the third straight decline, the U.S. government data showed the unemployment rate in December of the previous 6.8 percent in January rose to 7.2 percent.

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The world's major stock markets closed index (January 12, 2009)

London stock market, "Financial Times" 100 average stock price index finally closed at 4426.19 points, more than in the previous session down 22.35 points, or 0.5 percent.

Paris, France CAC40 stock index to 3246.12 points, more than in the previous session down 53.38 points, or 1.62 percent.

DAX index in Frankfurt, Germany, the stock market closed at 4719.62 points, fell 64.27 points the previous day, representing a decrease of 1.34%, respectively.

30 kinds of the Dow Jones industrial average price index over the previous trading day down 125.21 points to close at 8473.97 points, or 1.46 percent.

Standard & Poor's 500 stock index fell 20.09 points to close at 870.26 points, or 2.26 percent.

The Nasdaq composite index fell 32.80 points to close at 1538.79 points, or 2.09 percent.

Shanghai Composite Index opened 1897.70 points, the highest point of 1924.44, the lowest point of 1886.83, closed 1900.35 points, down 4.51 points, or 0.24 percent, closing 60,303,000,000 yuan.

Shenzhen component index closed 6690.96 points, the highest point of 6798.97, the lowest point of 6665.90, closed 6719.91 points, up 0.03 points, or 0.00 percent, closing 35,664,000,000 yuan.

Shanghai B shares closed 119.54 points, up 0.88 points; B shares in Shenzhen closed 2152.93 points, down 20.94 points.

Hong Kong's Hang Seng stock index fell 406.44 points to close at 13,971.00 points, a decrease of 2.8%.

Taiwan Stock Exchange weighted index fell 13.63 points to close at 4453.90 points, or 0.31 percent.

Tokyo stock market closed that day.

Seoul stock market composite index fell 24.21 points to close at 1156.75 points, or 2.05 percent.

Singapore's Straits Times stock index fell 29.77 points to close at 1776.25 points, or 1.65 percent.

Manila, the Philippines, the main stock market index rose 12.95 points to close at 1997.83 points, or 0.7 percent.

Sydney, Australia, the main stock market index fell 52.4 points to close at 3683.3 points, or 1.4 percent.

New Zealand NZX-50 index stocks rose 10.86 points to close at 2768.27 points, or 0.39 percent.

Mumbai, India 30-sensitive stock market index fell 296.42 points to close at 9110.05 points, or 3.15 percent.
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European and American stock market rose to greet the New Year<3>

February delivery of natural gas futures prices rose 3.5 percent, to close at per million British thermal units of 5.83 U.S. dollars.

European stock markets closed sharply higher to greet the New Year

Shares in the mining, energy stocks and banking stocks driven by the powerful, London Stock Exchange New Year's first day of trading ended sharply higher, "Financial Times" 100 average stock price index finally closed at 4561.79%, representing growth of 127.62 in the previous session points, or 2.99 percent up.

On that day, the benchmark index rose all the way, when trading is a straight line up for the London Stock Exchange in 2009 opened a good start. However, analysts here believe that this does not mean that the London stock market started to recover, because the British economy is still very fragile fundamentals, the market there are still too many unstable factors, this year's first months on the stock market will be a more severe period.

Energy stocks benefited from the rise in international crude oil prices soaring to more than 46 U.S. dollars a barrel. British Petroleum, Shell, British Gas and British Petroleum Tallo was between 3.87% -5.09% increase.

Crude oil prices rose by the impact, the basic metals prices also rose. On the same day, mining stocks benchmark index rose to include the top five.

Day banking stocks also rose, mainly because the British Government to ask investors to extend the Financial Supervisory Authority's ban on short selling financial stocks deadline. HSBC, Barclays Bank, Royal Bank of Scotland, Halifax Bank of Scotland, Lloyds TSB Bank and the United Kingdom was 2.35% -6.28% of the increase.

On that day, the other two major indexes in Europe is. Paris, France CAC40 stock index to 3349.69 points, an increase in the previous session 131.72 points, or 4.09 percent up. DAX index in Frankfurt, Germany, the stock market closed at 4973.07 points, an increase in the previous session 162.87 points, or 3.39


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European and American stock market rose to greet the New Year<2>

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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European and American stock market rose to greet the New Year《1》

U.S. stocks rose strongly Friday, the Dow since November 5 the first time since 9000 points to close at the top of this year, in 2009 the first day of trading, as investors speculate on the upcoming new government measures. U.S. stocks in the past year has suffered huge losses. Friday the Dow rose 2.9 percent, Nasdaq up 3.5 percent, the Standard & Poor's 500 Index rose 3.2%.

London New Year's first day of trading ended sharply higher, "Financial Times" 100 average stock price index finally closed at 4561.79%, than the previous growth of 127.62 points, or 2.99 percent up.

Paris, France CAC40 stock index to 3349.69 points, an increase in the previous session 131.72 points, or 4.09 percent up. DAX index in Frankfurt, Germany, the stock market closed at 4973.07 points, an increase in the previous session 162.87 points, or 3.39 percent.

Action Economics analysts said that the "market is expected to Obama after he took office three weeks time, once again launched a major economic stimulus plan, which is expected to provide the market with a rising momentum."

November Institute for Supply Management manufacturing index fell to 32.4 percent, below market expectations of 35.4 percent, a record low since 1980. Because of Supply Management manufacturing index (584.600, -8.66, -1.46%,吧) fell for five consecutive months, after U.S. stocks fell at one time.

Action Economics analyst pointed out that "in November manufacturing index hit a new low since 1980, an overall decline in sub-index."

Euro zone manufacturing sector appears the most serious recession, in December 2008 of 15 European manufacturing activity shrunk for the first seven months, fell to the data of 11-year history of the minimum value.

New York crude oil futures prices Friday closed at a new high since three weeks. Russia cut off gas supplies to Ukraine, the market worried that the European energy suppliers affected. 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.

European stock markets closed sharply higher to greet the New Year. Shares in the mining, energy stocks and banking stocks driven by the strong, the FTSE 100 index rose 2.99 percent, the French CAC40 index in Paris rose 4.09 percent, Germany's DAX index rose 3.39 percent.

U.S. stocks rose for the first three days, the Dow closed at 9000 points above the

As of the close, the Dow Jones Industrial Average rose 258.30 points to close at 9034.69 points, or 2.94 percent. The Dow has risen three consecutive trading days. This week, the Dow rose a total of 500 points, or 6.1 percent.

Advisors Capital Management Chief Investment Officer Chuck - Lieberman (Chuck Lieberman) said, "from the economic fundamentals of view, looking to the future, rather than simply to judge based on past trends, I think the situation in 2009 will be a vastly different situation. "

Dow 30 kinds of constituent stocks rose across the board. General Motors (GM) rose 14.1 percent, reported the loan company GMAC has changed with the GM's financial services agreement, so that it in the provision of loans will have more flexibility.

Citigroup (C) CEO Vikram Pandit (Vikram Pandit) said that he and chairman of temperature - Bischoff (Win Bischoff) will not receive bonuses in 2008, company executives will be lowered wages and redundancy payments. Stock rose 6.4 percent.

Standard & Poor's 500 index rose 28.55 points to close at 931.80 points, or 3.16 percent. Standard & Poor's 500 Index rose this week, a total of 6.8%.

Standard & Poor's 10 major industries across the board rose plate, energy and non-essential consumer goods led plate. Massey Energy rose 17.4%, Consol Energy rose 12.5 percent.

The Nasdaq composite index rose 55.18 points to close at 1632.21 points, or 3.50 percent. Nasdaq were up 6.7 percent this week.

Semiconductor Industry Association data show that global semiconductor sales in November from a year ago to 23.1 billion U.S. dollars fell by 9.8 percent to 20.8 billion U.S. dollars. Sales in November than in October of 22.4 billion U.S. dollars a decrease of 7.2%. Semiconductor Industry Association will decline in sales due to the global economic recession and weaker demand.

BorgWarner Inc. (BWA) up 5.5 percent, the automotive industry suppliers refused to TRC Capital Corporation from 50 million U.S. dollars of the proposed acquisition.

Turnover of more light, and many investors are still vacation. New York Stock Exchange volume was 10 million shares, stocks outnumbered 5 to 1; Nasdaq market volume of 543 million shares, stock Change ratio of 3 to 1.

Morgan Keegan & Company Inc. Fixed-income department heads Kevin -Kyrgyzstan Di Adams(Kevin Giddis) stated that "since yesterday is the New Year's Day, it is estimated that today, the day the transaction will not be very active. From a practical situation, in 2009 the transaction should be only the beginning of next week. "

Wednesday, as investors bought oversold financial stocks and other stocks, U.S. stocks rebound, to rise in 2008 ended the last trading day, is the U.S. in 2008 showed the largest decline since the Great Depression of the year.

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U.S. Government to promote the purchase of shares in financial institutions

U.S. Treasury Secretary Henry Paulson said on the 10th, the U.S. government is promoting a direct purchase of shares in financial institutions, plans, and may be more financial institutions into the plan.

It is learned that, according to the U.S. Congress last week approved a total of 700 billion U.S. dollars of financial aid programs, the United States Government has the right to directly buy shares in financial institutions. If implemented, this will be the last century during the Great Depression of the 30s the first time since the USA through direct access to financial institutions to buy shares.

Paulson said in the Western Group of Seven finance ministers and central bankers after the meeting at a news conference said that the U.S. government aims to promote the plan from the non-public capital-raising channels for financial institutions to provide supplementary. Government will buy the financial institutions, non-voting stock, so no power to inquire into the business operations of these institutions.

It is reported that the U.S. government may be announced next week to assist the Government in the implementation of the rescue program private asset management company list.
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U.S. stock market suffered European stock markets plunged to close higher international oil prices drop again

U.S. stock market suffered European stock markets plunged to close higher international oil prices drop again

Reading:
U.S. stocks fell victims
European stock markets closed higher on the 14th
International oil prices fell again
New York gold futures rose a strong

U.S. stocks fell victims
NEW YORK, November 14 (Xinhua Salicaceae) by the United States in October retail sales fell a record high and the technology company lowered earnings expectations and other factors impact on the 14th the three major New York stock market indexes fell sharply, the Dow Jones index fell more than 300 points .
Plate before the U.S. Department of Commerce report, retail sales in October fell for four consecutive months, reached a record drop of 2.8%. This is exacerbated investors sharply cut spending on consumer sentiment worries, U.S. stocks opened sharply lower. University of Michigan / Reuters report on November consumer confidence index rose after the accident, once the major indexes rebound, but failed to lasting.
In addition to record sales plummeted, the retailer's results also proved that the U.S. consumer spending down the serious situation. Youth apparel retailers &阿伯克隆than Fage and department store operatorthird-quarter profit fell 46 percent and 52 percent, but also for the fourth quarter earnings per share were lower than analyst expectations Average expected. Affected by this, the retail segment led the market, Hills and OD office decline of 14% and 17% respectively.
The same day, science and technology has also been a heavy plate to suppress. The world's largest mobile phone maker Nokia warned that next year the mobile phone industry sales will decline, leading to the world's largest mobile phone chip maker Qualcomm and Motorola fell by 5.4% and 11%.
Investors will also pay close attention to the weekend meeting of Group of 20 summit. Traders generally agreed that the summit made little hope of substantive progress.
To the New York stock market closed, the Dow Jones industrial average 30 kinds of price index over the previous trading day down 337.93 points to close at 8497.31 points, or 3.82 percent. Standard & Poor's 500 stock index fell 38.00 points to close at 873.29 points, or 4.17 percent. The Nasdaq composite index fell 79.85 points to close at 1516.85 points, or 5.00 percent.
Major European stock markets have gained the same day. London stock market, "Financial Times" 100 Share Index rose 0.31 percent, to close at 4232.97 points. Frankfurt Stock Exchange DAX index rose 1.31 percent, to close at 4710.24 points. Paris CAC40 stock index rose 0.67 percent, to close at 3291.47 points. (Xinhua)

European stock markets closed higher on the 14th
European stock markets closed higher on the 14th, the end of the previous three consecutive trading day down trend. Before a report showed the euro zone economy has plunged into recession, but it also makes the European Central Bank cut interest rates further the possibility of substantially enhanced.
Around 16:30 GMT, the Dow Jones Stoxx 600 index rose 1 percent, to 205.92 points. UK FTSE 100 index rose 1.6% to 4,235.30 points. The French CAC-40 index rose 1 percent, to 3,301.45 points. Germany's DAX index rose 1.3 percent, to 4,710.24 points.
Data released earlier confirmed that the euro-zone economy has plunged into recession, which is the euro zone since its inception in 1999 the first time in two consecutive quarter decline in output.
Eurostat (Eurostat) announced that, as at the end of September three months, the euro-zone gross domestic product (GDP) over the second quarter decreased by 0.2%, compared with 2007 growth of 0.7 percent over the same period.
BNP Paribas (BNP Paribas) economist Dominic Bryant said, given the slide in GDP is likely to continue into mid-2009 before and after, and the inflation rate may be reduced to below 1.0 percent, therefore, the European Central Bank is likely to be the benchmark the interest rate down to 2.0 percent below the previous bottom.
Stocks, the Europe's largest airline European Aeronautic Defense Space Company (EADS) closed up 2.9 percent, to 12.22 euros. The company previously announced third-quarter profitability, mainly due to the U.S. dollar.
Spanish telecom operator Telefonica rose 2.9 percent to 15.15 euros, the company reiterated prior to the performance of the entire fiscal year is expected, despite its third-quarter net income dropped 50 percent.
Belgium - French bank Dexia shares fell 13 percent to 4.37 euros, the bank announced before the third quarter of 1.5 billion U.S. dollars to suffer huge losses.
Nokia (Nokia) or 3.7 percent, to 9.95 euros. The company said earlier that the global economic slowdown and the unprecedented turmoil in the foreign exchange market has led to the global consumer spending fell sharply. (NEW YORK)

International oil prices fell again


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The stock market to sell technology stocks

The stock market to sell technology stocks
Learned how to trackstage, select the best buy point, try for the goal to judge a place on the ship ready. Saying the stock market, will buy called disciples will sell master. In fact, difficult to sell than to buy, sell only to overcome the enormous psychological burden.
First, to sell only one reason to buy an integrated decision-making, selling and decisive operations. There are saying the stock market, called on the ground in March, the sky for three days. From the main access point of view, once the activation of popularity, while the three-day clearing a three-month lownot impossible. Therefore, your stocks have a significant deterioration of the technical indicators will be sold. What is important indicator to you according to their own research to decide. Market indicators have hundreds of species, only a small number is valuable.
Second, the distribution of indicators CYQ chips up the transfer of large-scale, departure. First of all, to confirm the cost of making arrangements for the district (that is at the bottom of a breakthrough before the chip-intensive areas), when found the cost of District CYQ up the transfer of large-scale, high cost areas should be more than 30 percent above constitute profit space, leave the wait-and-see at this time, pending established the direction of re-select.
Third, indicators of market energy price from CYF Second touch, departure. Shares blocked in a price fall into the sky after 9-15 months to return to pre-high, if the value is less than one CYF soaring price of the highest value during the period, known as sky-high price from CYF II touch. The main institutions speculation, there must be a public investors to intervene, otherwise the main ship and to whom. Shares hit a record high, or to return to pre-peak, CYF down the U-turn, in order to try for in Zhuifeng insufficient disk. Public unwilling to recover the high, the main force for high and has little meaning, so often the main shipping homeopathy, or. Therefore, the signal to see leave the top of the success rate of evasion is relatively high. If the tourist industry to 600,791 Gui-Hua 98.10.09 Second Day shares touched sky-high price, although still low chip, but the value of a serious departure from CYF and CYF U-turn followed a downward trend, with the formation of prices fell. At that time, almost all stocks have had this at the top of signs, the outcome is the same. Sometimes stock price has not yet touched the second, but CYF too much worse, it is conceivable that even if the volume, CYF can not come back, this time can also be out, but under such circumstances often do not touch the sky-high price on the stock price dropped. Three towering price if sold CYF not signal a departure from the contrary. Three towering price is sold on the 3rd, however. Because after three rounds of price shocks, have played a role, stock prices should be easily passed on the right. Three towering prices, however, the mainhas shipped a concussion.
Fourth, the main indicatorscyw shares soared after the departure violet blue when a strong stock prices, the banker has been highly, and to a location, the banker suddenly lost the ability, then to the target will be shipped into the stage. Ningbo, China 600857 100 as the market 98.07.17.
Fifth, the destruction of an upward trend, departure. When the main approach, under normal circumstances would be to maintain a stock price run upward trend, such as access and wave patterns. These patterns are a reflection of the trend. Price not to our personal wishes of Change, but by the majority of investors or the wishes of the funds control, so when the trend has been damaged, immediately timely departure.trends such as the 0795. Chongqing Sichuan Instrument and 0607 the trend of failure modes. An upward trend in the end is the most simple sell signal for homeopathy, the trend is not upward, and there is no reason for the shareholding. The end of an upward trend in the technical performance of another form of cost-average was down, when the need to sell. The use of cost-average as a sell signal, the need to select the three stock average cost way line has never beenthat with the average cost. As for cost-average intois the trend of prices in the final opportunity to sell. The technology stock market is buying and selling technology. As for stop-loss, it is still a sell. Profitable to sell is sold, not profits, also known as stop-loss selling. There are three settings stops methods, low, low intensity peaks can be used to do CYQ stops, after the market up, can be used to support lines and the cost of moving average as a stop loss. Forget your purchase price, that might increase your stock market performance.
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Trend line of the use of skills and methods

The first one: check the list before Change

Japan ranks up into decline, instant Change Ranking, plate Category Change Ranking, charts, etc. Change region. In the stock before the general should first find out all kinds of Top 20 in January rose up in order to find out as soon as possible in the whole market leading stocks. One of the leading stocks leading the market in general for the leader, or speed, big speed increases. Apart from the large wave of market draws to a close, under normal circumstances leading shares often even on high, like stocks than the average difference. Such as the 2006 wave of Lu gold, van den Bergh, multi-kai, aerospace and so on. Over the same period, they increase than other stocks are very large, when the market potential through the first wave, they have the overall inflation rate rose above 100%. Election to such a good stock, regardless of the center line or short-term (long-term exception), if any, in its place the following into the waist, are always able to gain. If Rubens gold wave of increases of up to 300% increase in aerospace are also more than 180 percent. Seize this midline good stocks, increasingly long-term decade. The stock market will eventually return capital to speak, such as holding a three-year total was 10 percent profit, which is holding three days of 10 percent versus the benefit no different. Because in the same price conditions, the risks and benefits are equal, the only difference is just way different. Before the stock market headed the list of various types of Change, is very beneficial to learn about the current situation in the leading group of shares. In particular the volume list, if the month is greater than 20 percent of the exchange rate, regardless of Change of yin and yang, can indicate the unit is active. Active is the potential for stocks, even if there is a quantity of at least someone could explain a lot of this price to take over. And measureless air up empty or very dangerous, because traps are often greater than the actual turnover ratio, they are easily fooled by the illusion. However, most individual investors is to avoid the high level of digitalrecovery. It is precisely because of high recovery of high-makers need is lowMakerspurposes. So be careful. However, people who never learned technology is often estimated gross assessment, this is very dangerous method of stocks. It is better to understand about the direction, and then from the strong stocks, or to find a wave of new stock to enter.

The second measure: Chart

K line chart is based on the form of a reference map, which reflects the real-time stock or stock movements, historical conditions, the inherent essence, take-off and landing data is sent to judge the importance of technical reference.long to do so regardless, the best strategy is to learn to read. Especially on K map, usually the possibility of hidden stocks after the potential of stocks and out of the decision-making will be of great help. If the trend of longmostly very smooth; parallel giant giant yin-yang of the stock short run there would be a big change; in the upper left line to buy shares of low-Department will usually have different profit margins; bear most of the more under the potential to buy more or not observe for a period of time. Mao Zedong's "do not fight the battle uncertain" philosophy can also be used in the stock market. Although sometimes luck alone line, but not as good as "thought-out plan" to a more realistic number. If the market trend in 2006, the year had been in the band at 1300 points, do not know how powerful would be very hesitant. Because this wave at 998 points, back in 1223, the Bear after a lingering fear, take a look at again is the most secure way. But in fact the market in its monthly K maps have hinted that in August of 2005 has been massive with the average stock has leapt on the 5th, in November and December, respectively, at the end of 1074 Shou points in May to the hand in October both, and back to 5. This trend shows that the market's upward trend after a very strong desire. K-line in any map, where 5,10 upward trend of cross-cutting, we called金叉trend that will continue after the most powerful of its uptrend. K One Day to day, the week to week of K, K on the natural monthly calculations. In other words, when the index climbed up the K on average in May when there will be a few months after the general trend of rising walked period, this time to buy shares, the larger the coefficient of profitability, and therefore the best opportunity Jiancang.

The third measure, Discriminant big market

This is an important retail skills. Sentenced by the way, can not achieve much, enjoying the market up or bring joy. Made a wrong ruling, high quilt, it is no longer a question of feeling, because you are in the devaluations, the deficit had to be cut blow. Therefore, the general trend of the judge is very important, and may impose a long-term stock texture, medium and short-term market may impose a potential possibility. Under normal circumstances, the general trend of stock than the market trend is even more important. Such as the 2006 Shanghai Petrochemical, in October of 2005 against the market trend anti-record low 3.11 yuan, exchange rate is only 15 percent that month. This is a very unusual trend of ultra-low, because this stock is issued at a price of 3 yuan, in 2002 is also the starting point for a wave of 2.80 yuan, so the overall trend from the stocks of view, this 3 yuan near the price, have this The floor price of the shares. We know that the market shares of ST merit the possibility was very small and medium-term earnings this stock is 0.22 per share yuan, in addition to the withdrawal of foreign financing strategies tray, there is no reason to rally in the market to fall. So, this fall, should be judged as a false impression or a temporary low, that is the best big money purchase points. After the potential to prove that the judge is right, because in February 2006 changing hands massive 77 percent, stock prices have also jumped by 5 per month, on K also jumped by 30 average. In fact, all the stocks in the month peak potential in K, will have a week on K and K callback many months, we can fall into it as false or. So when you are convinced you have a stock of long-term potential touchstone to judge right away, then each callback, are making arrangements for large stock funds, this is also the small retail investors to follow the trend of thepoint. Shanghai Petrochemical last big market high point is 8.15 yuan, in the same period last year before the T circumstances, into the price of 3 yuan or up space is 170%, 5 million or up 63 percent of space is, of course, is a very good selected stocks. However, it should be noted that the big stock market based on units for the purpose of calculating the year, the lowest and the highest annual price will be not the same as a year with the nature of a price will be different.

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Sterling weakness eliminate the shadow of suspense, the euro prospects

Yesterday the Bank of England lowered the benchmark interest rate again by 50 basis points to 1.5%, which is four months, the Bank of England cut interest rates the fourth to boost the UK's increasingly bleak economic outlook, due to the credit market is still tight, economic activity released relief, the British economy to shrink in the third quarter 0.6%; the Monetary Policy Committee (MPC) hinted that the central bank's pace of future interest rate cuts likely to slow down, because there are more and more people speculated that the Bank of England base interest rate level will be reduced to zero and to seek to use unconventional monetary policy measures to promote economic recovery on track; as a result of this cut completely falling into the hands of market expectations, it did not cause the pound after too drastic fluctuations, the more dramatic is that the pound did not fall but rise; so basic may think the recent trend of pounds because of technical reasons accounted for the initiative; while on the other hand, given the MPC has always been to speak of "pragmatic" style, we have reason to believe that Britain should be the pace of future rate cuts will be a slight slowdown, although the market is still firmly believe that the British benchmark interest rate will eventually point to zero, but in the short term should be to see a; summing up, the sterling weakness eliminate the shadow of suspense, the short-term trend will be slightly deviated from the weak economy.

Related reports said that recently Japanese companies as the global financial crisis that limits credit, bank loans have become more strict; in December released the Bank of Japan Tankan business confidence survey shows that most companies found that the lending policies of banks more stringent, not more lenient; because as the economy continues to deteriorate, the banks will be more funds for improving the situation of their own assets, rather than bear the enormous risk of lending; follow-up shows that the Government will be inevitable pressure , banking and government policies will also be staged game.

As the global economic slowdown had resulted in German exports declined in September in Germany, facing national elections this year, Chancellor Angela Merkel, eager to enterprise bankruptcy and the unemployment rate to a minimum; official data released Wednesday showed that in December, the Europe's largest economies in the unemployment rate occurred in February 2006 rose for the first time since, reaching 7.6 percent, higher than in October at 7.5%; On a seasonally adjusted basis last month, the unemployed population increased by 18,000 people, higher than the economics Prior to the expected home; Germany is considering to allocate up to 100 billion euros of emergency funds for enterprises face a credit crisis in the provision of government-guaranteed loan; Although the reform has not been finalized, but provision for the entire European Union in 2000 there will be relief plan become a stumbling block; this embarrassing situation will make it possible to make the market bearish medium-term performance of the euro.

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The euro area is expected during the first half of 2009 will face a situation of economic recession

German IFO Institute reported on the 8th, the euro zone is expected during the first half of 2009 will face an economic recession, but the extent of the recession in the fourth quarter of 2008 has bottomed out, the fourth quarter of 2008 is expected GDP to shrink 0.6 percent.

Integrated foreign January 8 reported that Germany's economic think tank IFO Institute on the 8th in the published report that the economy is expected, according to recently released data showing the euro zone, the euro zone during the first half of 2009 will face a situation of economic recession, but the extent of recession In the fourth quarter of 2008 has bottomed out.

IFO Institute said recently released economic survey report is expected, industrial activities will have fallen sharply, and credit crunch and a drop in demand for investment with great pressure.

IFO Institute also announced the official data on expectations. IFO Institute expects the euro-zone GDP in the fourth quarter 2008, following the third quarter after shrinking 0.2 percent shrinkage of 0.6%.

However, according to the IFO research institute in January 2009 to July period is expected to show that euro zone economic situation in 2009 will pick up gradually, the euro-zone GDP is expected to shrink 0.4 percent in the first quarter, shrinking 0.2 percent in the second quarter.

IFO Institute pointed out that if oil prices remain low, the cumulative 16-nation euro-zone inflation rate would be a further downturn.
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Murphy's 21

1. Conform to the trend of the direction of middle-transaction

2. In the upward trend in the fall by buying in the downward trend in every rose sold

3. To allow the full profit growth to be limited to small loss

4. Has always been to set up protective positions Stop orders to limit losses

5. Not the whim of the deal there are plans to fight the battle

6. To develop a good plan and then carry out in the end

7. Pursue the fund management of the essentials

8. Diversified investment bearing in mind that "overkill"

9. Reward - at least the risk of more than 3 to 1 before action

10. When taken to increase the position of the pyramid to be followed the following principles:

A. subsequent position in each level must be less than the previous one

B. only in profitable position on quotas

C. can not be in the loss-making positions in the increase in positions

D. the protective stop-loss orders set in the break-even point

11. Do not live in no way additional margin money to go into the death of position

12. In order to prevent the emergence of additional margin requirements should ensure that at least the overall margin requirements of 75% of net funds

13. Ping back to profit in the position before taking a loss of open positions

14. Unless it is engaged in a very short-term trading or else the total should be the best in the market is closed in the market do a good job during the decision-making

15. Research should be done by the long-term to short-term and gradually filtering

16. Utilization days accurately chart the stock market out of City Point

17. Engaged in day trading before the transaction the next day to master the skills

18. Do not ignore common sense as far as possible not to any of the allegations in the media too credulous

19. Institute of solid when the minority of the market if you are good judgment, then the views of the majority will be with you at odds

20. Technical analysis techniques rely on a long-term commitment to this study and practice can be improved to maintain a humble attitude Forever continuous learning to explore

21. Be as concise as the complex is not necessarily superior

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Bargain buy USD / JPY USD / CAD

Africa and the United States currency of the different movements, most of Africa and the United States currency fell slightly, but the British pound, Swiss francs but rose slightly; mainly because the process of the United Kingdom will continue to raise interest rates, thereby boosting the pound has been larger. Swiss franc because Switzerland announced strong producer price index and the Swiss bond yields gained strong support.


Bank of England yesterday released the minutes show that in June, Bank of England Governor Mervyn King (Mervyn King) and other three central bank's Monetary Policy Committee (MPC) members in opposition to this meeting to keep interest rates unchanged and called for an immediate rate hike 25 interest points to 5.75 percent. They think: In order to achieve the central bank's inflation goal, we must take measures to control price pressures in the service sector; and stressed that the monetary and credit growth suggest that credit very relaxed environment, which would increase inflation and consumer spending increased risk. At the same time, the United Kingdom throughout the country still rising price pressures, consumer spending is also very strong, the central bank there is a need to raise interest rates as early as possible. Minutes after the announcement, the pound rose against major currencies quickly, investors then upgrade to the Bank of England to raise interest rates 5.75% expected, and remanded the first bet the central bank may raise interest rates in July.


Operation of recommendations:

At present, most currencies in the whole dilemma, it is proposed today to see the main trend is clearly no longer waiting for admission; or bargain buy: USD / JPY, USD / CAD; as midline investment.

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U.S. stock market may be the first annual decline in six years

Even Lehman Brothers claims in bankruptcy protection and Bank of America acquired Merrill Lynch before the news came out, the U.S. stock market is likely to have decreased by the end of trading in 2008. If true, this is the first time in six years the annual decline in U.S. stocks.

Reuters reported that on the average of 19 analyst estimates show that S & P 500 Index this year will fall nearly 11 percent, the Dow Jones industrial average is expected to drop nearly 13 percent. By the end of this period of time is currently two major indexes were expected to rise about 4% and 0.7%.

Analysts expected the end of S & P 500 closed at 1430 points, the Dow closed at 12800 points, respectively, will be lower than the 2007 year-end closing level of 1468.36 points and 13,264.82 points.

Survey shows that market expectations earlier this year with the pressure of the credit crisis receding, the stock market will be all the way up to the end of 2008, but such hopes have been dashed.

The survey is in the financial industry crisis in the air waves once again conducted the week before the U.S. government to take over the two mortgage financiers Fannie Mae and Freddie Mac.

In view of the financial markets over the weekend earthquake and the mountains shake, and a U.S. investment bank out of the survey estimates will almost certainly be further amended.

2008 is likely to be a record since 2002 more than 23 percent decline, the U.S. stock market appeared for the first time the annual decline. In 2002 after the technology bubble burst in the final year of a bear market.

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Short-term real Art of War: Stop only win

To win in a short time of course, require skills. Any sum of operation, should have their own plans, what stocks to buy? Only win is the number? Stops How much? As the saying goes: will buy apprentice will sell the master, and only profits can be achieved successfully sold . This

Two points related to the success or failure of a battle.

First, only win-bit

1, a selling point: the short term stock price rose 30 percent sold. This is a very simple and professional approach, the operator of funds should pay even more attention because of their high can not be completely sold.

2, selling two: super buy signal.

(1) week KDJ down from passivation into resolutely sell; (2) weeks KDJ the D value is greater than 80 whenfirm sold; (3) shares out of BOLL also dropped back on the rail track Following resolutely sold; (4) BIAS deviates too high when sold in combination with other signals.

3, selling point III: resistance.

(1) pre-high prices;

(2) transaction-intensive areas;

(3) Golden important front in the resistance to the possibility of price correction is very large, the operation should be decisive, at least half-sold positions, reduce the time cost. In most cases, such operations can also be done repeatedly post, diluted cost. Not to participate in the adjustment can be called a true master of the short-term.

4, selling four: Breakdown lifeline.

On the short term, the lifeline of most set on the 10th and on the 20th, most stocks rose along this moving average, once a downward breakdown two days do not return, stop-loss selling only to win decisively.

Second, stop loss

Stop loss is definitely established, but stops Stop This is many people are unwilling to do so. This is the reason many people deficit. Today the majority of high deep sets of shareholders, no not because of the absence of stop loss, or set up a stop loss but did not stop by stop loss. In general to stop at a 7% -10% down for good, according to their own characteristics and risk-bearing capacity, to set up, stop loss below to decisively defeat, for any reason not to use their own. Otherwise, short-term into the middle lane, the center line into long-term.
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There are bargain-hunting tips

There is no doubt that the current stock market every day, try for a lot of stocks crazy, but, once to see the stock pull mad to follow up on the hastily, but it may buy sets eat. Want to buy it, it is afraid of buying on the sets were even at the highest point of purchase; do not buy it, promising to continue to try for the stock, taste suffers; dilemma lingering hesitation, the opportunities may be missed in vain.

To overcome the ambivalence, and strive to earn a small deficit, we need to grasp the rhythm of, the key is to grasp the key selling points and timing.

To minimize the energy transferred to the selected stocks and grasp onto something. Even try for a time when the market madness, he still has a lot of stocks or, having received closeXiaoyang is almost not up how much investors can select from which there may be about to try for the potential of rising stocks, and then in the market turbulence and the potential of the target sharescircumstances presented Optional low bid. Such operations, there are 10 to 78 is to buy up to make money, even after buying time to eat kits, will soon release and make money. This is called "chasing the low bid Act."

"Chasing after low bid law as" an important tactic is to "look at the leading flank grasp":

A. Long-term follow-up round of speculation 10 billion in total capital of more than a few super-heavyweights, the overall weakness in these elephants correction to focus on when, if one day there is a strong trend in the lead and a record high, it would be Select stocks from other stocks than those who live and Change obviously look for an opportunity to intervene Optional low. When the elephants were active in their new highs, could also be concerned about the urgency has yet to pull a new high of elephants.

B. After the start of small-cap stocks poised to enter the short-term finishing also a cause for concern. There are many such stocks, as long as from carefully selected, you can tap into the potential of the former is about to try for shares, and then calmly intervene bargain-hunting.

Special attention should be paid is to recover the lowto buy shares in the potential of the goal after a statetime, if we can buy in the stock cleverlyday under the shadow of the line, making money is inevitable.
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Buffett how to play the stock market

Easy to understand the investment business

"If you do not hold a stock for 10 years to prepare, then 10 minutes should not hold such stocks", which is a master of Warren Buffett for investment in the basic attitude of investing in stocks. This article further analysis of Buffett's long-term investment philosophy, and Buffett has recently analyzed the performance of shares, as investors to enter the overseas stock market for reference.

Never hit a record loss

If Buffett's Berkshire Hathaway 32 years of year-on-year investment performance standards with the United States - S & P 500 index performance compared to Buffett can be found in which to beat the 29-year index, only three years behind index, more valuable when the United States is one of the five-year trend of the stock market correction into a short time when a record year Buffett has "never lost" records. Buffett's investment philosophy is therefore not only for him to create a staggering 23 billion U.S. dollars of wealth, and its stock selection method is also very worthy of study global investors.

Buffett's stock selection method is studied under the guidance of the basic school master the Graham (Ben Graham) and Philip Fisher (Philip Fisher). The former to "quantitative analysis" mainly, the latter to "qualitative analysis" for the good, Buffett is set both in Dacheng.

Graham's first "safety margin" (Margin Of Safety) of the sound investment ideas, he believed that the value of its shares at the end of the real value in (Intrinsic Value), the existence of such a stock that is "safety margin", so he suggested that investors will spend in identifying undervalued stock price, regardless of market performance. As a result of quantitative analysis of his contribution to future generations have recognized him as the father of financial analysis. Graham "No loss" investment philosophy, Buffett has become the future圭臬pursued.

Fisher is that investment growth rate is higher than average, profit growth and relatively excellent management company. He and Graham, the biggest difference is that the mere reading Fisher, the company's financial reports is not sufficient to determine whether the investment should be, but as far as possible from those who are familiar with the company to obtain first-hand information, this approach has become Stock fund managers prerequisite before. Buffett type of investment in these two methods to develop them.

Buffett to the end of 1996 to the investment portfolio (Schedule abbreviated) to illustrate, in which eight major shareholders the market value of Berkshire Hathaway accounted for 27.75 billion U.S. dollars in the year the market value of 87 percent stake, if this such shares by the end of 1996 so far calculated rate of return, in the 14 months to a combination of return on investment rose further to 37.72 percent.


Niche-oriented steady

Buffett observed that eight shares held, almost every stock is a well-known world-renowned companies, including Coca-Cola as the world's largest beverage company, Gillette razor is to facilitate 60 percent share of the global razor market, American Express Bank American Express card and traveler's checks is an indispensable tool for cross-border travel, Wells Fargo Bank of California, the largest commercial real estate market and among the top ten U.S. banks, Freddie Mac is the United States the two major residential lending industry, one of Disney in the acquisition of city / ABC after to become the world's largest communication and entertainment companies, McDonald's also the world's largest fast-food industry, the Washington Post is the United States, one of the most respected newspapers Profitability also much higher than the same industry.

Analysis of the common characteristics of these enterprises, is that each company have a strong market niche, which have resulted in these enterprises have Buffett so-called "concession" (Franchise), and with the general's "commodity" (Commodity) different. Buffett of such simple definition of the concession, it is about consumers in a store to buy a commodity (such as Coca-Cola or Gillette razor), although there are other similar competing products, but consumers will still be crossing the street to find this types of commodities. And the advantages of such products in the foreseeable future it is very difficult to change, and this is his "long-term investments" and even "permanent investment" fundamentals factors.

Buffett is more important is the operation of such enterprises are bright prospects for the "OK", so he's relatively sharp decline in investment risks, he for many institutional investors often buy stocksapproach rather not, because in the company excessive number of cases, managers simply can not in depth every company operating conditions and the results of some of the funds actually increased the risk of loss.

For significant increases in recent years, many high-tech stocks, Buffett also admitted that because he could not know more about this industry, so he "avoid" technology stocks. The reason is that there is a world stock market have a large number of technology companies, but no one sure which companies will eventually come to the fore, with its involvement in high-risk investments, not as good as "steady" to invest their own familiar territory, because Buffett's faith is "easy to understand the investment business."
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Die erste Hälfte des Jahres 2008 drei wichtigsten Indizes in Deutschland (Dax-Index der mittleren Unternehmen und Technologie-Aktien Index Index) Abna

Deutschland, die Entwicklung des Index Teller Jahres-Vergleich

Europäische Stoxx600 Index ist der beste Rohstoff-und Finanzteil, das Schlimmste ist, dass Technologie-Aktien Abschnitt

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Sterling short-term recommendations to adjust the pressure to sell temper

£

GBP / USD:

Sterling / dollar yesterday dropped to adjust. Bank of England on the 8th decided to maintain interest rates unchanged at 4.5 percent. Time chart shows, the pound at 1.8615 today have a very strong blocking, and its exchange rate is expected to fall this disruption and adjustment of the trend. From the medium-term trend analysis, 1.8500 pounds after the break and opened the rose to 1.9000 rise in space, they do not fall below 1.8320 the upward trend will not change, the proposed bargain buying sterling when callback. Today, the pound against the U.S. dollar resistance at 1.8610, support at 1.8480.

GBP / USD analysis and forecasting:

Support: 1.8500 1.8480 1.8440

Resistance: 1.8580 1.8600 1.8620

Short-term trend: consolidation

Medium-term trend: rising

Long-term trend: rising

Australian dollar

AUD / USD:

AUD / USD fell yesterday to adjust. Time chart below shows, today the Australian dollar can break through 0.7240 again will continue rising, or fall below 0.7200 will see a small 5 wave downtrend. From the medium-term trend analysis, the Australian dollar has opened up room for growth, the recent adjustment long as it does not fall below 0.7120, medium-term upward trend will not change, it is proposed that when the bargain-buying Australian callback. Today, the Australian dollar against the U.S. dollar resistance at 0.7240, support at 0.7140.

AUD / USD Analysis and Forecast:

Support: 0.7200 0.7160 0.7120

Resistance: 0.7240 0.7280 0.7320

Short-term trend: consolidation

Medium-term trend: rising

Long-term trend: down

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Leerverkäufe geholfen Temperament des Euro

Erstens Perspektive:

1, Lage im Nahen Osten ist nach wie vor einen größeren Einfluss auf dem Markt sind;

2, eine Atmosphäre der starken ausländischen Austausch-Anpassungen;

3 oder 1,4000 Euro in eine wichtige Position ein naher Zukunft, in der Druck von Tagen wichtige Plätze;

4, United States Department of Yen oder höher wird weiterhin Rebound, 91,00 wichtiger geworden, um den Ort.

5, heute, müssen ihr Augenmerk auf die Grundlagen Faktoren:

15.00 deutschen Einzelhandelsumsätze im November;

17:30 Euro-Zone im Januar das Vertrauen der Anleger Sentix Index;

17:30 UK Bauwirtschaft im Dezember Purchasing Managers Index;

23:00 US-Bau-Ausgaben im November;

6, heute wird erwartet, dass eine bessere US;

7, heute, müssen darauf achten, den Standort der wichtigsten Währungen:

Euro 1,4000, 1,4500 Pfund; 1,0700 Schweizer Franken, Japanischer Yen 92,00, 0,7100 Australischer Dollar, Kanadischer Dollar 1,2100;

Zweitens, die Strategie:

Wait-and-see-orientiert;

Temper Sitzung zu prüfen, den Verkauf der Euro kurzfristig.

Noch einmal die Schnäppchen USDJPY, kurzfristige;

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Bank of England is expected to cut interest rates this week, 100 basis points

In the wake of U.S. mid-December the U.S. Federal Reserve cut interest rates 75 basis points triggered by sharp decline after the holiday trading remained generally stable. Global economic data continues to deteriorate, such as Korea exports in December fell 17.4 percent per annum. The United States, announced last Friday the United States in December ISM manufacturing index hit a 28-year low of 32.4, below the expected 35.4.

The key data this week will announce Friday the United States in December non-farm employment, our economists are expected to continue to reduce the 525,000 people in November to reduce the 533,000 people. In addition, this week will be announced December 16 the Federal Reserve interest rate meeting, investors want to explore the drop in interest rates can not be a backdrop, monetary policy will be how to further forward.

Bank of England this week will announce interest rate decision of the four is also the focus of market attention. Sunday Times (the Sunday Times) expected the Bank of England will cut interest rates 100 basis points. The OIS market is currently priced at 50 basis points rate cut.

We believe that the sharp decline in the dollar, the current market will return to risk aversion, the dollar will again be popular with investors seeking short-term liquid assets of the pursuit.

Sterling:

Thursday this week, Bank of England interest rate meeting will be the most critical risk event. We expect the UK central bank will further cut interest rates 100 basis points to 1.0 percent; and the market is widely expected to cut interest rates by 50 basis points. Other data this week, the United Kingdom is expected to make the market will not be surprised by the service sector PMI is expected to remain weak, housing prices index continued to slide.

Is expected to pound will continue to pressure the market focus will be the euro / sterling could reach parity in the short term.

Euro:

This week the euro zone will be published Thursday in Q3 GDP, we expect the contraction of 0.2 percent, in line with market expectations. Although the European Central Bank has begun to cut interest rates, economic growth continues to point to the downlink. Eurozone retail sales in November will be released Friday, we expect will further decline, but the market is generally expected to be a slight rebound. Monday will be published in Germany in November retail sales data to improve slightly. This week there will be major economies of the euro zone's services sector PMI data is expected to remain low. In addition, the euro zone and Germany are expected labor data is expected to continue weak.

Overall, the euro-zone economic outlook remains pessimistic, expected the European Central Bank will further cut interest rates, we believe that the recent rise of the euro will not be sustainable.

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Gold industry: Gold price breakthrough 1000 U.S. dollars

Investment points

International gold prices break points integer 1000 U.S. dollars, gold continue to be optimistic about the industry's economic cycle.

Investors in asset allocation when appropriate allocation of a certain proportion of gold assets is necessary to preserve and increase the assets of the strategy, including in-kind gold and paper gold or gold stocks held by stage. In the A-share market, the more careful look at gold in gold (37.24, -0.21, -0.56%, right) (600,489).

A breakthrough in the international price of gold 1000 U.S. dollars / ounce

The continued impact of the devaluation of the dollar, the dollar index down in the near future in a row, while the international oil and gold prices rose. International oil prices both pre-break 100 U.S. dollars, the international price of gold in the evening of 13 break points integer 1000 U.S. dollars.

2 Review of gold industry

From the beginning of 2005, continuing the bullish international gold industry cycles, the remains of the gold industry boom cycle continued.

Inflation in the world at large against the backdrop of the world demand for gold increased year by year, especially from the Asia-Pacific region needs, and the supply side of slower growth. In recent years, exploration of new mine more, but mining production built around the needs of the five-year period of time, and Jin of the world's major producing areas of South Africa's production decreased year by year, although China is rising and production jumped to the world's second largest production Jin However, the rate of increase in production is still lower than the growth rate of demand. In the sale of official gold, is also a decreasing trend. Russia, Argentina, South Africa, starting in 2005 has decided to raise the official reserves of gold, China's foreign exchange reserves, gold reserves account for a smaller percentage of the total, from the beginning of 2006 also increased gold assets, we expect over the next three to The five-year period, China will continue to holdings of gold assets. In addition, instability in the international geopolitical situation and also will be postponed to the high international price of gold.

We continue to be optimistic about the gold industry cycles to see the high international price of gold rising long-term trend.

3 Investment Strategy



Sustained inflation in the global context, we believe that investors in the asset allocation when appropriate allocation of a certain proportion of gold assets is necessary to preserve and increase the assets of the strategy, including in-kind gold and paper gold or gold stocks held by stage. In the A-share market, a major gold deposit in gold stocks have (600489) and Shandong Gold (48.56, -0.32, -0.65%, right) (600,547), we are more careful look at gold in gold (600,489).

Gold in gold (600,489) pre-announcement to acquire the gold assets of the acquired company after the completion of the gold reserves will increase by 81 tons, with an additional notice in 2007 when gold data (not cut production, 2007) preliminary calculations, the company's total reserves increased to about 284 Tons of gold per share, equivalent to about 0.79 grams per share higher than the gold content of gold in Shandong. We believe that the resources for such companies, continued to increase reserves to enhance the value of the investment.

Gold is a relatively unique industry, the production and marketing of a single chain, the main purpose of the biased decisions of the gold industry as a whole in non-ferrous metals industry in the production chain belonging to the simplest one of the species. The gold business, we believe that can not be a simple point of view of its earnings per share for the intrinsic value of the gold content of the most accurate estimates.

With the acquisition, payment of the total gold reserves, the gold content per share more than gold in Shandong. To the current market price of gold equivalent (without regard to the cost of doing business under the premise), the share of gold contained in gold mining of gold are worth about 160 yuan or so.

In addition, good as gold in gold-established enterprises in the industry's ability to integrate resources, continue to remain in operation in the gold deposit (600,489) recommended cautious investment rating.

4 Risk

First, the international price of gold although the medium to long term, but short-term round red mark on the future, there is still a risk of shock adjustments; Second, the domestic A-share market systemic risk.


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International gold red mark may be concerned about 900 U.S. dollars investment in gold

The international gold market remained stable at around 4:00 p.m., London gold prices remain at about 888.2 U.S. dollars an ounce, continues to sprint to 900 U.S. dollars mark for investors interested in gold, gold may wish to invest in the field of international concern.

By the international policy environment and factors that affect oil prices in the near future, the international spot gold ounce to 900 U.S. dollars for a few days to launch attacks at one time during the 11 weeks to a record high. Similarly, the international gold futures market Wednesday in New York gold futures closed higher. At this point, gold futures prices have been rising for the eighth consecutive year to achieve, a record since 1980, the longest continuous record time up.
As we all know, for the ordinary investor, there are four gold investment channels: One of the Shanghai Gold Exchange, trading varieties have Au99.95, Au99.99, Au (T + D), and so on; Second, the bank introduced the paper gold, in-kind And gold, and other options; Third, gold has introduced a number of gold bars, gold bars, such as high Purcell; Fourth, the introduction of the jewelry business, and so on.

Most of the investment market closed, but speculate in gold and bank on-line banking is a good way to finance one of the holiday. "Although the domestic gold Exchange closed, but investors can speculate in gold through Internet banking." ICBC Zhejiang Branch of the proposed financial management division, has acquired some knowledge of the transaction of gold investors, Bank of Internet banking through direct personal Gold trading operations. In general, the bank's individual gold silver network is the sale of a 24-hour trading, to provide real-time transactions, the sale of commission, the commission revoked, balance inquiries, inquiries market, and so on "one-stop" services.

But the need to be reminded that the investors in the operation, the bank may be concerned about the Home Network Bank have unrestricted trading hours notice.

In addition, speculation has to attend to the gold exchange rate fluctuations risks. As a result of the RMB exchange rate and price movements associated with a certain degree, the international dollar-denominated gold, while the domestic price of gold was mainly in accordance with the international market, that is, through international gold "dollar / ounce," the unit converted into "/ g", the U.S. dollar The devaluation of the yuan revaluation, the corresponding domestic prices would be even lower. Assuming the yuan to appreciate against the dollar by 10%, no change in the dollar gold, currency depreciation of 10% of the payments automatically, so that only the U.S. dollar gold rising more than the rate of appreciation of the yuan, this investment is the value of gold coins.
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Whether the high price of gold icing on the cake

Gold opened yesterday jumped 879.95 U.S. dollars, the Asian time continuation of jump set to open up the trend, the highest touched a high of 890 in the near future, lowered into the lowest 872.75 U.S. dollars, to close at 879.65 U.S. dollars eventually. Yesterday, I expected the gold price could jump directly to a breakthrough on the basis of 900 U.S. dollars, but obviously the time is not ripe, gold prices recovered some of the gap, once again into a high consolidation. Markets are concerned about the possibility of high gold prices above the icing on the cake.


Fundamentals, geopolitical tensions have recently become more concerned about investors a theme, we do not need to bother in the end to the conflict in Gaza from the economic level, the impact of the price trend, relative to the wind as waves of the tsunami of financial, geo-political conflict On the global economy have a direct impact on the objective or limited. However, as long as investors are concerned, it will certainly have an impact on market trends, we still have eyes the development of the situation in the Gaza Strip. It so happened that, at this time, the world's largest gold ETF fund holdings of gold reached a record level of 775.33 tons, these institutions also optimistic about the coming year, the trend of gold. This is no doubt the majority of gold to retail investors as a signal the market's largest gold long-term investors are doing more than gold.


Let us look at the economic fundamentals, the UK house prices in December dropped 0.9 percent on the British house prices for the third consecutive decline in 15 months, the British housing market weakness in the United Kingdom showed that the economic situation is getting worse. Because of concerns about Britain's economic prospects, sterling against the dollar also hit a new low in the near future. In addition, this week of data is an important index of U.S. manufacturing and consumer confidence. The Chicago Federal Reserve Bank said yesterday the U.S. Midwest manufacturing index hitting a 12-year low. And tonight's Chicago Purchasing Managers index will also give a general expectations. I still do not optimistic about this week in the U.S. within the movement.


Technical level, gold prices and a series of wide open jump, gold broke through the 850 range in the vicinity of the shock. But the high price, there have been shocks of the situation, the fight is still relatively strong Straddle. When high after the arrival, RSI recent indicators for the first time in 80 years or more, so there have been only gold technical pressure. In my analysis, gold has been fundamental in the vicinity of 872 to find a bottom, or gold can be high in the icing on the cake. Four hours from the map, the flag at the top of the form, despite the decline yesterday, but closed at no less than the price jump, which is expected to rise still.

Operation: low to do more thinking today, the 872-875 range to buy, stop loss 869.


Current gold price: 877 U.S. dollars

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Sino-British economic and business research center: the British economy in 2009 or shrink 5-10%

British economic and business research center is expected to Britain's economic situation is more severe in 2009, a recession could make it back for 5 years.

Comprehensive news coverage on December 26, the British Center for Economics and Business Research (Center for Economics and Business Research) forecast that Britain's recession in 2009 will be a very serious extent, the British economy may be back for 5 years.

If the financial crisis triggered a series of cost-cutting, the British economy in 2009 may shrink 5-10%.

Commercial loans in 2009 could deteriorate if the sudden increase in consumer savings, the British economic output may be reduced substantially.

Disclaimer: The information contained in this article for information purposes only and does not constitute investment advice.


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Frankreich, Deutschland, das Vereinigte Königreich die wirtschaftliche Entwicklung Strategie

Einer von der wirtschaftlichen Entwicklung Frankreichs Strategie

Frankreich in naher Zukunft die wirtschaftliche Entwicklung von 3 großen vorrangigen Ziele: Eines ist die Verringerung des Haushaltsdefizits, Abbau der staatlichen Intervention in wirtschaftlichen Angelegenheiten. Die zweite ist die Unterstützung von Wirtschaftswachstum und mehr Arbeitsplätze zu schaffen, einschließlich der wichtigen Initiativen zur Verringerung der steuerlichen Belastung der Unternehmen und Förderung der Innovation in den Unternehmen, die Beschäftigung erhöhen, strukturelle Reform des Steuersystems zur Überwindung starrer Arbeitsmarkt. Drittens, eine beträchtliche Erhöhung der Mindestlohn, Erhöhung der Kaufkraft der einkommensschwachen Gruppen, um zu gewährleisten, die soziale Gerechtigkeit. Derzeit ist die Umsetzung von der wirtschaftlichen Entwicklung Frankreichs Strategie gehören:

1. R & D und Innovation als eine der obersten Prioritäten. Zunächst einmal, Frankreich Pläne, um F & E-Ausgaben aus dem laufenden Konto GDP2.2% erhöhen schrittweise in 2010 entfielen für die GDP3%. Zur Erreichung dieses strategischen Ziels, in 2010, die jährliche Wachstumsrate der Investitionen in Wissenschaft und Technologie erforderlich, um bis zu 10%. Zweitens, zur konsequenten Förderung von Unternehmen F & E und Innovation. Frankreich vor kurzem eingeführt Finanz-und Steuerpolitik und Verordnungen, und sich aktiv für die wissenschaftliche Forschung auf dem Gebiet der Investitionen Unternehmen, würde verzichtet werden oder verringert werden Steuern von 2,5 Prozent, auf der Annahme, dass weniger Steuern zahlen müssen für die Forschung und Innovation; großen Unternehmen wird frei von Steuern zu zahlen 25% Um den kreativen kleinen und mittleren Unternehmen, diese Unternehmen zur Förderung der Entwicklung neuer Technologien. Frankreich, die Unternehmen, sich in F & E-Initiativen sind: zu erkennen, die "Wissenschaft und Technologie Unternehmen," den rechtlichen Status der Bestimmungen bis weniger als 8 Jahre von Wissenschaft und Technik können die Unternehmen genießen eine Reihe von steuerlichen Anreizen, wie zum Beispiel drei Jahre, bevor alle sozialen Steuerbefreiung, nach zwei Jahren 50% Reduzierung der Steuer-Gemeinschaft, von örtlichen Steuern und Gebühren.

2. Entwicklung der digitalen Wirtschaft. Französischen Regierung 2007 Re / So planen, das heißt, "über die Informationsgesellschaft in der Republik der elektronischen Plan", zur Förderung der Einrichtung eines gut entwickelten Informationen der Industrie-und Informationsgesellschaft. Um dieses Ziel zu erreichen, die französische Regierung ebenfalls beschlossen, um Rechtssicherheit für elektronische Transaktionen, die Entschlossenheit im Kampf gegen falsche Zahlen.

3. Die Entwicklung der Nanotechnologie. Die französische Regierung ist der Auffassung, dass die Nanotechnologie ist der Motor der nächsten industriellen Revolution, ist die Förderung der wirtschaftlichen Entwicklung und der zugrunde liegenden Faktoren, die großen Wert, vor allem in der Biotechnologie, Werkstofftechnologie, Informations-und Kommunikationstechnologie und anderen Bereichen. Derzeit ist die internationale Nanotechnologie-Markt befindet sich noch in den Kinderschuhen steckt, gibt es ein großes Potenzial für die Entwicklung und Raumfahrt, so dass die französische Regierung beschlossen, die Gelegenheit zur Entwicklung von Nanotechnologie als eine langfristige Strategie, um sicherzustellen, dass die nächste Runde der französischen industriellen Revolution führt .

Zweitens, Deutschland die wirtschaftliche Entwicklung Strategie

Angesichts der wirtschaftlichen Globalisierung, die Auswirkungen von Deutschland in eine tiefe strukturelle und institutionelle Krise, die deutsche Regierung hatte für die Durchführung der tief greifenden sozialen und wirtschaftlichen Veränderungen, um sicherzustellen, dass Deutschland die wirtschaftliche nachhaltige Entwicklung. Ihre sozio-ökonomische Entwicklung der Grundidee besteht darin, die traditionellen sozialen Demokratie und der neo-liberalen Kombination der beiden Länder sich an dem Markt, Angebot und Nachfrage, Fairness und Effizienz, die Rechte und Pflichten der Grundsatz des Gleichgewichts. Zu diesem Zweck hat die deutsche Regierung hat eine strategische Entscheidung 3.

1,2002 Jahre 4 Monate, die Regierung von Deutschland hat sich 21 nationalen Strategien für eine nachhaltige Entwicklung des gesamten Rahmen der nachhaltigen Entwicklung durch 4 Tore und 21 Index-Komponenten. Nur von Generation zu Generation, die Lebensqualität, sozialer Zusammenhalt und internationale Verantwortung für das übergeordnete Ziel von 4. 21 Index in Bezug auf die rationelle Entwicklung von Ressourcen und Recycling von Ressourcen; "Kyoto-Protokolls" Bestimmungen der 6 Arten von Treibhausgas-Emissionen und den Schutz der Atmosphäre; erneuerbarer Energien in Energie-Verbrauch im Verhältnis; Flächennutzung; des Landes Finanzsektor Ausgaben; Privat-und Für die nationalen Mittel für Forschung und Entwicklung, Bildung, Sozial-und Brutto-Inlands-Produkt; die künftige Entwicklung der Wirtschaft; und Schienenverkehr in der Anteil der Ladung; der Anteil der Öko-Landwirtschaft Landwirtschaft, Luftqualität, Gesundheit Normen; ein Ende zu setzen die Umwelt Kriminalität; Beschäftigungsquote; Aussicht auf eine Familie, die Gleichstellung von Männern und Frauen; ausländischer Bürger in die Gemeinschaft; Entwicklungshilfe und wirtschaftliche Zusammenarbeit Mittel; Marktentwicklung und die Einfuhren aus den Entwicklungsländern, und so weiter.

Daher hat Deutschland auch die Strategie der nachhaltigen Entwicklung von wichtigen Bereichen: Energiepolitik Ziel ist, dass von 2020 Kohlendioxid-Emissionen in 1990 um 40%, in 2010 zu stoppen Kohle-Subventionen; Ausbau der Nutzung erneuerbarer Energien, die Abschaffung der nuklearen Die Einspeisung von Elektrizität. Die Entwicklung einer nachhaltigen Landwirtschaft Unternehmen im Falle des Verbleibs der Umwelt unter der Prämisse, von der Herstellung von Lebensmitteln die Gesundheit; im Bereich der Landwirtschaft bei der Anpassung an die Einführung der zukünftigen Entwicklung anderer Produkte. Traffic müssen Verringerung der Kohlendioxid-Emissionen Ziele, die Entwicklung von "sauberen" Technologien, die Entwicklung des Eisenbahnverkehrs des Güterverkehrs.

2. Umsetzung der "New Economy"-Strategie. Der Kern ist es, alle Maßnahmen zur voranzutreiben schnell mit Informationstechnologie und Biotechnologie, vertreten durch den Aufstieg der New Economy, Handel und Industrie, die ursprünglichen Industrien an die neue Wirtschaft schnell, so dass die neue Wirtschaft zu Deutschland das Wirtschaftswachstum waren die treibende Kraft. Gleichzeitig wird die deutsche Wirtschaft zu beschleunigen den Prozess der Ökologie, und sogar die deutsche Wirtschaft hat sich der Öko-sozialen Marktwirtschaft.

3. Seit 2004, die Umsetzung der "Agenda 2010". Einschließlich der Förderung der Arbeitsmarkt-Reform, der Reform der Krankenversicherung, Arbeitslosenversicherung, Rentenreform und eine Reihe von Kürzungen im Sozial-Reform Maßnahmen, zur gleichen Zeit Steuerreform, Wissenschaft und Bildung Reform. Obwohl die Reformen haben großen Widerstand, sondern hat erste Fortschritte, und nach und nach von den regierenden und den Oppositionsparteien. Deutsch Ökonomen der Regel vereinbart, dass die "Agenda 2010" ist die deutsche Wirtschaft zu einer nachhaltigen Entwicklung Initiativen in der rechten Seite.

Drittens, das Vereinigte Königreich die wirtschaftliche Entwicklung Strategie

Die Ende der 1990er Jahre die Labor-Partei an die Macht kam, die Blair-Regierung geerbt die grundlegenden Wirtschaftspolitik der Konservativen Partei, entstanden nach dem Zweiten Weltkrieg zum ersten Mal die Regierung nicht drastisch ändern, ändern Sie die Wirtschaftspolitik der Lage, hat eine Politik der Stabilität und Kontinuität. Labor-Regierung hat sich die Intensität der Reform, vor allem aus dem Wohlbefinden und das Gesundheitssystem, die erblichen Adel Privilegien des House of Lords, das Bildungssystem in Bereichen wie eine umfassende Reform als Mittel zur Förderung der wirtschaftlichen Entwicklung im Vereinigten Königreich, bei der Förderung der wirtschaftlichen Entwicklung vorgelegt neue Initiativen:

1. Die Zukunft, konzentrieren sich auf Wissenschaft und Technologie, zu der wissensbasierten Wirtschaft. Großbritannien ist entschlossen, zu einer wissensbasierten Wirtschaft im 21. Jahrhundert Gesellschaft, in der Ende bis Ende 1998 ein förmliches "Wir sind wettbewerbsfähig in die Zukunft: die Schaffung einer wissensbasierten Wirtschaft", das Weißbuch, wird die Entwicklung einer wissensbasierten Wirtschaft wie die Entwicklung von Industrie-, Technologie-und Handelspolitik der Eckpfeiler der neuen . Die wichtigsten Ansätze sind: höhere Investitionen in Wissenschaft und Technologie, Förderung der wissenschaftlichen Forschung in Institutionen wie Universitäten und eine gemeinsame Unternehmen auf die Kommerzialisierung von Forschung und Entwicklung, technische und praktische Wissen, um die Transformation. Regierung Anstrengungen zur Förderung der gemeinsamen Wirtschaft und Unternehmen in Form von Wettbewerb auf der Grundlage der Zusammenarbeit zur Verbesserung der allgemeinen Wettbewerbsfähigkeit. Die Entwicklung von Politiken, Gesetze und sonstige Vorschriften zur Standardisierung und Entwicklung des Marktes. Regierung Reform und Erhöhung der Effizienz bei der Entwicklung von Business-Partnerschaften. Um Risikokapital, die Entwicklung von der Grundlagenforschung. Und die ausländischen Kräfte, die Zusammenarbeit in Forschung, Wissenschaft und Technologie zur Erhöhung der Beteiligung an der EU-Rahmenprogramm in seinen Bemühungen um Aufmerksamkeit überseeischen Investitionen.

2. Ausbau der Vitalität und Wettbewerbsfähigkeit, und zur Förderung der High-Tech-Unternehmen. Die Verwendung von Regierung Maßnahmen zur Förderung und Gewährleistung eines "level playing field", um die Expansion der Vervielfältigung, auf die Gewinne für die erweiterte Reproduktion eines Teils des Steuererleichterungen als angemessen. Förderung von Investitionen in und die Förderung von Unternehmen, vor allem High-Tech-Unternehmen Entwicklung, Maßnahmen zu ergreifen, um die Umsetzung der Informations-Industrie Strategie zu helfen Unternehmen, sich auf die industrielle Entwicklung der Informations-Zeitalter.
3. Umfassende Nutzung der Fiskal-und Geldpolitik zur Vermeidung von Überhitzung der Wirtschaft und die Rezession, die Wirtschaft, um sicherzustellen, stabilen und gesunden Betrieb. British Kanzler der Staatskasse Brown, der britische Finanz-und Geldpolitik Koordinierung zu erreichen stabiles Wirtschaftswachstum bekannt als die "UK-Modell" und als ein erfolgreiches Beispiel für das Wirtschaftswachstum der Empfehlung von anderen Ländern. Labor-Partei an die Macht kam, nach der Durchführung der Reform der Geldpolitik durch die Bank von England Zinssatz Entscheidung unabhängig halten, womit die Inflation, während die Ausweitung der öffentlichen Ausgaben zur Aufrechterhaltung einer lockeren Finanzpolitik. Derzeit, um zu verhindern, dass die Wirtschaft eine Überhitzung, die britische begann die Einführung Makro-Kontrollmaßnahmen, vor allem durch die Bank of England Zinserhöhung, um eine allmähliche Geldpolitik. Da das Urteil Labor Party, Großbritannien Wirtschaft erreicht ein stabiles Wachstum, BIP durchschnittliche jährliche Wachstumsrate von 2,7 Prozent, und die Preise sind weniger als 2%, die Arbeitslosenquote sank auf 30-Wochen-Tief, und zwar nicht nur in eine Rezession westlichen Mächte.

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Sterling exchange rate in 2009 will be going

The Office for National Statistics announced on the 24th, British GDP in the third quarter from the previous 0.5 percent decline in the first quarter, which is in the past 16 years Britain's economy contracted for the first time. Affected by this, in 2008 24 London foreign exchange market against the U.S. dollar continued to drop pounds, 1 pound 1.5269 U.S. dollars for the August 2002 low. This is the October 24, 2008 in the British capital London shooting of a 50 U.S. dollars with a face value of the notes (before) and a note with a face value of 20 pounds

With the Bank of England - the Bank of England rate cut sharply in a row, the exchange rate of sterling against the euro by the end of October 2008 from 1 to the level of 1.287 dropped all the way to start. In recent days, a lot of foreign exchange in the United Kingdom, 1 pounds to the dollar only 0.98 euros. In other words, the real value of the pound has begun to below the euro.

Standard Chartered Bank chief economist Lee Lai even think of the next month, the British pound against the euro exchange rate will continue to decline 0.9 than 1.

Why is the substantial depreciation of sterling

Led to the rapid devaluation of the pound against the euro, the main reason why Britain is lower than the rate in the euro zone interest rates, sterling has lost its appeal to investors.

Investors generally believe that the UK economy in the euro zone than the level of a serious recession. This means that there is still adopted by the Bank of England to cut interest rates to stimulate the country's economic development possible. 3 months in a row after a sharp cut Britain's benchmark interest rate in October from 5% to 2% of the present. The euro zone's benchmark interest rate remained unchanged at 2.5 percent. The European Central Bank has hinted that early 2009 is unlikely to cut interest rates.

In addition to the interest rate gap between the economic recession, the unemployment rate continued to rise, house prices have been falling, as well as the rapid increase in government debt, and so on, so that investors have lost confidence in the pound.

According to the National Bureau of Statistics data, in the third quarter of 2008, the United Kingdom the previous quarter GDP fell by 0.6 percent. Standard Chartered Bank expects the UK GDP will be 5 consecutive quarters of negative growth in the fourth quarter of 2009, the United Kingdom is expected to be weak economic recovery.

Xi Dai Bank of England to make the real estate market suffered heavy losses. Market research firm Global Insight Experts predict that in 2008, 2009 British house prices will fall 18% and 15%. At the end of 2009, the British house prices in August 2007 from a peak of about 31% of the decline, until the second half of 2010 is expected to gradually warmer.

In addition, the United Kingdom, according to the National Bureau of Statistics data, as of the end of Nov 2008, the United Kingdom the total number of unemployed has risen to 1,860,000, the unemployment rate rising to 6% in 1999, its highest level since. Britain's National Economic and Social Research Institute predicted that in 2010 Britain's unemployment rate will rise to 7% in 2011 will rise to 7.5 percent.

At the same time, in 2009 the British Government will have to worry about debt. During the fiscal year (ended March 2009) 8 months ago, the British Government has accumulated deficit of up to 39,400,000,000 pounds over the same period last year as much as twice as high. Standard Chartered Bank forecast for the next fiscal year, the British government debt to GDP accounted for 65-70 percent.

However, the devaluation of the pound is also considered conducive to economic recovery in the United Kingdom. Bank of England has said publicly that the depreciation of sterling against the British economy back into balance is essential. It is said that devaluation of the pound is a "double-edged sword", although in the short term will crack down on domestic consumer confidence, raising the cost of the British travel abroad, but there is beneficial to Britain's exports and attract foreign tourists.

Sterling going

Sterling exchange rate against the euro dropped sharply in the final analysis the British economy into recession caused by the euro-zone economy is not increased.

Although the United States and Britain compared to the current level of economic recession in the euro zone is less deep, but the euro-zone economy may be in the first quarter of 2009 began to deteriorate. Eurostat published data show that in the third quarter of 2008 the euro-zone GDP growth rate was negative 0.2 percent. Standard Chartered Bank forecast that the euro-zone GDP growth in 2008 will be maintained at a low level of 0.9 percent, its growth rate in 2009 will be negative 1%.

With the deepening recession in the euro zone, the euro will be weak, the devaluation of the pound against the euro, the pace will slow down. From the British Government's point of view, the end of 2010 in the British economy was recovering strongly before, the best pound to maintain a weak state, but the euro-zone member countries of the continued devaluation of the pound would be opposed because their exports will be subject to substantial depreciation of the pound Impact.

HSBC predicts the pound against the euro, the average exchange rate from the third quarter of 2008 than a rapid decline to 1.27 in the fourth quarter than the 1.11 of 1, 2009 in the second quarter will continue to decline, although more than 1 to 1 .09, But the rate of decline has obviously slowed down. Morgan Stanley's forecast is more optimistic: in the second quarter of 2009, the British pound against the euro exchange rate could be picked up 1.23 to 1.

Devaluation of the pound against the euro, the exchange rate close to 1 to 1, so that whether or not Britain join the euro once again become the issue the focus of attention from all walks of life. British Secretary of Commerce Peter Mandelson said that the Government will join the euro zone as a long-term goal is to the right, but this is not the time.

To join the euro zone, Britain in Europe will no doubt be able to have a stronger voice. However, do not join the euro zone, which can maintain an independent monetary policy, especially now that it can be free to adjust monetary policy to deal with the economic crisis suffered by the British.

In the final analysis, going pound exchange rate, will ultimately depend on how the UK economic fundamentals.

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