英语资讯
News

英语文摘:Dow ends below 10,000 for first time since July 6

Source:  Onion  2010-08-27   English BBS   Favorite  
Stubbornly high unemployment is regarded as the biggest obstacle for a sustainable economic recovery. The U.S economy rebounded strongly last year, fueled by government stimulus and businesses rebuilding inventories from record low levels, however that momentum seems to fade since spring.

Investors were cautiously awaiting the revision of second- quarter gross domestic product growth, which is due out on Friday. Most economists were expecting the number to fall below 1.5 percent from the previous 2.4 percent, another strong evidence to show the economy growth was losing steam.

Also drawing attention, U.S. Federal Reserve Chairman Ben Bernanke is going to give his assessment on the economic recovery at an annual Fed symposium on Friday. Bernanke's speech is to be closely watched by the market as it is his first public comments since the Fed announced it would invest proceeds from its holdings of mortgage bonds to buy more long-term Treasury securities to prop up the recovery.

On foreign exchange market, the euro rebounded from 1.2657 dollars to 1.2703 dollars in late New York trading.

Light, sweet crude for October delivery rose 84 cents to settle at 73.36 dollars a barrel on the New York Mercantile Exchange.

In London, Brent crude jumped 1.54 dollars to settle at 75.02 dollars a barrel on the ICE futures exchange.


将本页收藏到:
上一篇:英语文摘:Russian GDP, inflation growth outrun forecast
下一篇:英语文摘:Italian PM Berlusconi confident his gov't could survive current political crisis
最新更新
论坛精彩内容
网站地图 - 学习交流 - 恒星英语论坛 - 关于我们 - 广告服务 - 帮助中心 - 联系我们
Copyright ©2006-2007 www.Hxen.com All Rights Reserved