11 Temmuz 2012 Çarşamba
10 Temmuz 2012 Salı
9 Temmuz 2012 Pazartesi
Gold futures prices down july 9 2012
Gold futures prices down july 9 2012 : Gold inched down on Monday, extending losses to a third session, on a lack of conviction the U.S. Federal Reserve would take measures to stimulate the economy anytime soon even after a disappointing jobs report.
FUNDAMENTALS
* Spot gold dropped to its lowest in almost two weeks of $1,575.89 an ounce, before recovering slightly to $1,578.89 an ounce by 8:28 p.m. EDT (0028 GMT).
* U.S. gold was little changed at $1,579.40.
* U.S. employers hired at a dismal pace in June, raising pressure on the Federal Reserve to do more to boost the economy and dealing another setback to President Barack Obama's reelection bid.
* The weaker-than-expected U.S. employment data has raised the chance in favor of the Fed launching a new round of monetary stimulus to 65 percent from 50 percent in late June, a Reuters poll of Wall Street economists showed.
In the latest poll, eight primary dealers expected the Fed to launch QE3 at Fed meetings in August or September, and 12 saw it happening by year-end.
* Investors await the China June inflation data, which is expected to ease to a 29-month low, giving Beijing more room to stimulate the economy.
* Later this week, China will also release data on trade, industrial output, retail sales, money supply for June, as well as the second quarter's gross domestic product.
MARKET NEWS
* U.S. stocks fell about 1 percent on Friday as another month of tepid jobs growth underlined fears the economy was stalling, though not to the point where more economic stimulus from the Federal Reserve was imminent. .N
* The euro plumbed a two-year low versus the greenback early on Monday, while high-beta currencies like the Australian dollar nursed losses with markets still smarting after tepid U.S. jobs growth dealt a blow to risk sentiment late last week.
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China Inflation rate june 2012
China Inflation rate june 2012 : Inflation has eased sharply in China, giving policymakers more room to spur economic growth amidst a global slowdown.
Consumer price rises cooled in June to 2.2% compared to the previous year, China's statistics bureau said. That is down from 3% in May and is well below the government target of 4%.
China has taken steps to bolster growth as the global economic crisis weighs on demand for its goods.
Analysts said lower food prices was the main driver of the slowing inflation.
Pork prices, one of the biggest contributors to skyrocketing inflation last year, fell 12.2% from 2011.
Growth steps
China's central bank has cut key interest rates twice since the start of June, with benchmark lending rates down to 6%.
It has also cut the amount of money banks must keep in reserve in an effort to boost lending.
Analysts said they expected more such moves to boost growth from the government going forward.
"A lower consumer price index opens room for further policy easing, which we expect will pick up," said Zhang Zhiwei, chief China economist at Nomura in Hong Kong.
Economic 'fine tuning'
That sentiment was echoed over the weekend by Chinese Premier Wen Jiabao, who said more aggressive efforts were needed to support growth, according to the official Xinhua news agency.
"China's current economic situation is generally stable, but it still faces relatively huge downward pressure," Mr Wen said while on a trip to the eastern province of Jiangsu.
"We should increase the strength of policy fine-tuning," he added. Fine tuning is an often-used term by Chinese policy makers to indicate that policy moves will be gradual.
The Chinese economy grew at 8.1% in the first three months of this year compared to the previous year, its slowest pace in almost three years.
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gas prices Expected $3 per gallon summer 2012
gas prices Expected $3 per gallon summer 2012 : gas prices will likely move up into the mid-$3 per gallon range through the rest of the season, after the summer is over prices will probably go back down.
The low price for a gallon of unleaded gas in Jacksonville today is $3.39 a gallon. Last year on this date, Jacksonville residents paid $3.59 per gallon. For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today
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iraqi dinar news july 9 2012, Iraqi private banks hit capital goal
iraqi dinar news july 9 2012, Iraqi private banks hit capital goal : Most of Iraq's 34 private banks have reached the central bank's 150 billion Iraqi dinar ($128.8 million) capital requirement level for 2012, a measure to enhance their financial capability, officials said.
The central bank laid out a three-stage programme in 2009 for banks to raise their capital - a move intended to boost the banks' ability to deal with any crisis they might face in a country still trying to rebuild its battered economy after years of war and economic sanctions.
The deadline for the first stage was the end of June 2011, when most banks reached capital levels of 100 billion Iraqi dinar.
In June 2012, many banks increased their capital to $128.8 million and the third stage is June 2013, by which time capital levels need to be at $215 million.
"The capital increase of the private banks aims to strengthen the banks in order to have the ability to absorb the losses. The capital is actually a cushion to absorb the losses," Mudher Kasim, deputy governor of the central bank, said last week.
The Iraqi Private Banks league said reaching the capital target had been fairly easy for many banks.
"80 percent of the banks have increased their capital, some of them have increased it even more than the required levels, it is not a dilemma," said Abdul-Aziz Hassoun, executive director of the Iraqi Private Banks League.
According to the central bank website, OPEC oil producer Iraq has seven state-owned banks, 23 private banks, and 11 Islamic private banks.
Most banking activities are conducted by two state-owned banks, Rafidain and Rashid. Much of the private banking activity is limited to deposit services and a small amount is personal lending.
The banks which did not succeed in raising their capital have asked the central bank for a grace period until the end of the year, Kasim said.
"We are not very strict in this issue...but at the same time we cannot give a hint that our decisions could be rolled back," he said.
Hassoun said he would prefer the central bank to encourage failed banks to merge. ($1 = 1163.0000 Iraqi dinars)
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dow jones prediction july 9 2012
Asian stocks fell on Monday on poor jobs data out of the U.S., a key export market. Weak machinery orders out of Japan and lower-than-expected inflation rates out of China sent stocks falling as well.
During Asian trading on Monday, Hong Kong's Hang Seng Index was down 0.53%, Australia's S&P/ASX200 was down 0.74%, while Japan’s Nikkei 225 Index was down 0.87%.
Dow Jones Recommended Levels july 9 2012
Today's support: - 12765.70 and 12690.24(main), where a delay and correction may happen. Break of the latter will give 12658.20, where correction also can be. Then follows 12611.31. Be there a strong impulse, we shall see 12579.40. Continuation will bring 12532.90 and 2452.70.
Today's resistance: - 12957.44(main), where a delay and correction may happen. Break would bring 12971.20, where a correction may happen. Then follows 12980.30, where a delay and correction could also be. Be there a strong impulse, we'd see 13008.60. Continuation would bring 13047.38
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