Monday, 9 December 2013

Daily Remarkable news - December 10, 2013 (sources: collection)

RISK OF PROPERTY PRICES CONTINUE TO RISE

The trade surplus of China in November rose to the highest level in more than four years due to increased exports beat expectations helped China maintain the momentum of economic recovery . Data from the General Administration of Customs show that the country trade surplus rose to $ 33.8 billion as exports rose 12.7 % over the same period , and imports by 5.3 % .

The risk asset prices continued to rise in trading yesterday as positive signs from China along with positive U.S. data published last week and investors believe strongly in economic recovery global economy .

In this week no more important economic information is published . The market's attention directed at the Fed's meeting next week to monitor whether the agency has cut the stimulus or not .

Many analysts believe that the Fed will delay cutting program of quantitative easing in March next year for a few reasons . First, they want to make sure the growth is sustainable and not temporary . Second, inflation is still running at 1.1 % , lower than the 2 % target that the agency put out . Third, this is the end of the year and is also the end of Bernanke 's term president .

Reuters yesterday announced the survey forecast of specialists point cut by the Fed stimulus . Accordingly , only 9 out of 63 economists said the Fed will be asked to narrow the QE package at its meeting held on to 17-18/12 . 19 suggested that the Fed into action in January 1/2014 . The remainder said the Fed will delay to late March next year or more.

GOLD PRICES GOING UP WEEK SESSION

Gold prices rose in trading on Monday as investors expect the Fed not cut quantitative easing program at its meeting held on December this . According to a Reuters poll of economists published yesterday , many people predicted the Fed will cut QE3 in March next year . End of session 9/12 , the world gold price increased by 11 USD to USD 1,239.9 / ounce .

This week there is no more important economic information of the U.S. was announced , the price of gold is forecast to move sideways in the amplitude of the previous week as investors cautious ahead of Fed policy meeting held on to 17-18/12 . Although these forecasts are opinions of the ability to tilt the Fed will delay reducing stimulation until next year . However, reports last week showed a strong recovery of the U.S. labor market , therefore , does not exclude the possibility that the Fed QE package immediately cut this month .

No comments:

Post a Comment