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Posts Tagged ‘china’

The Euro pushed higher against the dollar on Tuesday local time, helped by positive economic data from Germany and China, while the yen weakened against the major currencies.

But the market remained quiet and cautious, analysts say, because they are waiting for the outcome of the talks Greece’s debt restructuring, which will be dianjutkan Wednesday after negotiators failed to bridge the last week. the euro traded at 1,2737 dollars compared to 1,2667 dollars on Monday.

The Euro also rose to 97,84 yen from 97,25 yen; the dollar pushed higher became 76,82 yen from 76,78 yen.

The latest economic Data suggests China’s second-largest world it will avoid the much feared hard landing despite European and U.S. demand plummets.

The Data showed China grew at a rate of 8.9 per cent in the last quarter of 2011, although slower than three months earlier but better than the 8.6 percent expected. For the entire 2011, growth slowed to a 9.2 percent from 10.4 per cent the previous year.

In the meantime, the expectations index of research institutions (think tank) show that the ZEW investor confidence in Germany improved sharply in recent weeks, indicating that the leading European it economy remained resilient to the crisis of the euro zone.

Separately index of manufacturing activity in New York also showed a rise in January, which is widely exceed expectations.

“We have a better than expected data coming out of China and Germany, and this morning the manufacturing data from the US Empire are strong enough. So it seems today like carry momentum, “said Mary Nicola from BNP Paribas.

However, he added, “there are lots of vulnerabilities in the market, especially with what’s going on in Europe … There are a lot of risk events coming up that could potentially end the rally. ” The dollar slipped to 0,9492 franc Switzerland from 0,9542 francs, while the United Kingdom pound was trading at 1,5334 dollars, up slightly from 1,5325 dollars previously.

COMMODITY prices hit U.S. downgraded, it looks like panic

* Trade looks volatile, weak demand outlook

* The dollar weakened to give a boost to commodity

* Growth in China is still seen as supporting commodities

commodities, except gold, is likely to fall when markets open on Monday as the U.S. downgrades and worsening debt crisis in Europe, but the panic should be avoided.

Bullion should benefit from renewed risk aversion while the outlook for demand for oil, base metals and grains to deteriorate.

Strong economic growth in China – the world’s copper consumer, the No. 2 oil user and the main buyers of grain – as well as global supply is tight for some raw materials including coal and iron ore, will provide some support and some investors may see the weakness as opportunities to buy.

“This should be an orderly decline, there is nothing to know. What matters now is the belief that does not slip too far, “said Citigroup analyst David Thurtell.

Pieces of U.S. long-term credit rating by Standard & Poor’s to AA-plus on Friday, move that over time can ripple through the market by raising borrowing costs and make it more difficult to secure a long recovery.

Deputy branch manager of China Construction Bank, one of the state-owned banks, in dacheng, Sichuan Province, was sentenced to death for corruption. Xiao has hurt the bank of 4 million yuan, or about USD 3.9 billion since 1998 to 2001. The money was used to finance the lives of eight girlfriends.

Xiao Hongbo one of more than four thousand people in China who have been sentenced to death since 2001 because it proved to do the crime, including corruption. Figures for four thousand, according to Amnesty International (AI), much smaller than the real facts. AI condemns China’s ways, which they described as a terrible. But, for Prime Minister Zhu Rongji is the way to save China from destruction. When sworn in as prime minister in 1998, Zhu said aloud,”Give me the coffin one hundred, ninety-nine to corrupt, one for me if I do the same.