In London the FTSE 100 fell 1. 4pc, as did the ACC in France, then in Wall Street, the Dow Jones has been offshore 1. 4pc despite the improvement of the economy in the last quarter of last year. The stock market in Cairo, which fell 17pc this week has been closed on Friday.
Disorders of Egypt saw investors scramble gold, uncertain times traditional bolt hole. The spot price rose 1. FP7 in New York, after the closing of $ 7 to $ 1,342 in London. Oil edged closer to $100 per barrel, with Brent climbing $2.03 at $99.42-the highest settlement since September 26, 2008.
The dollar benefited too, strengthening of the euro and pound, assisted by the American economy moving into overdrive in 3 months 2010 with an acceleration of growth that the Federal Reserve will hope feeds off itself.
The United States, the largest export market only for businesses in the UK, has seen its economy expand at an annual rate of 3 2pc in the fourth quarter, place 2 FP6 the quarter preceding, but slightly below the 5pc 3 of forecasts.
"We can comfort from the fact that many of the signs of the underlying application are strong," said Ryan Wang, an economist at HSBC.
Consumer spending leads the district with a 4 4pc place, its biggest gain since the first three months of 2006, according to the report of the Department of Commerce. That helped the economy grow by 2 9pc throughout the year, compared to a contraction of 2 FP6 in 2009.
If long-term ambition US policymakers is to reduce the dependence of economy on the consumer, their spending remains the key to the strength of recovery. Congress and the Fed will be hoped that the stimulus costs unleashed last quarter - more quantitative easing Fed cuts and Washington tax-will be the wallets of consumers as bulletproof as possible. The largest world economy still faces winds, mainly of a fragile housing market and reductions in public spending that many States push through.
However, the last three months of the year witness an encouraging performance for U.S. exports. Added net exports 3.4 percentage points to expansion in the quarter, its greatest contribution since 1980. Who did much to offset a less important role played by companies rebuilding their stocks, a process which has been the key to growth since the emergence of the economy from the recession in 2009. Companies amassed inventories at a rate of $7 MD ($ 4. 5bn) in the quarter, down $ 121 in the three months before.
"For a large part of last year the concern was that companies were not hired because consumers were spending, and they were not spending because there were no jobs, stated Michael Gapen, an economist at Barclays Capital." Hope for the policy is now that it breaks this cycle and creates a virtuous. »
Speaking at the Davos World Economic Forum, Tim Geithner, US Treasury Secretary struck a note of caution, saying that "this is not a boom." It is not an expansion that will provide a rapid decline in unemployment. »
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