• Embed Doc
  • Copy Link
  • Readcast
  • Collections
  • CommentGo Back
 
 
Macro-economic Report Excerpt
January 10, 2009
Monetary Policy Committee of the Bank of England cut the interest rate by 50BP to 1.5% yesterday, beinghistoric low since its establishment in 1694, which was basically in line with the market expectation. Atpresent, rate of England has fallen to the historic low; considering current rate level of other majoreconomies like America and Japan, it may be further down by 1.5% at the most.During the week of January 4, people applying unemployment compensation for the first time was predictedto be 54.5 thousand in America, practically 46.7 thousand; it was 49.2 thousand last time; this numbermoved down than that of the previous week and it had declined for consecutive two weeks, which was betterthan expectation. December ADP employment change released this Wednesday and people continuingapplying for the unemployment compensation announced yesterday showed that American employmentstatus was still in pessimism; however, we noticed that deterioration status was eased in recent two weeks;unemployment mounted mostly in December 2008.November unemployment rate took on ascending trend in Euro zone according to statistics releasedrecently; December Consumer Confidence Index and Industry Climate Index further slipped, which indicatedthat economy continued declining. In Euro zone, November unemployment rate was predicted at 7.8%,actually 7.8%, while it was 7.70% last time; link relative ratio of Q3 GDP was forecasted at -0.20% afterquarterly adjustment, actually -0.20%, which was basically in line with our expectation, and it was -0.20%last time; December Consumer Confidence Index was estimated at -26, actually -30, while it was -25 lasttime. GDP had suffered negative growth for consecutive two quarters. German November trading balancewas forecasted to be USD16.4bn, actually USD9.7bn, and it was USD16.4bn last time; year-on-year ratio ofNovember factory indent was estimated at -20.10%, actually -27.2%, while it was -17.3% last time.Priorities should be given to American unemployment rate and British industrial output value among globaleconomic indicators.
 
Bank of England Cut Rate Again by50BP to 1.5% --- Global Market Trend
By Global Capital Research Group 
of 00

Leave a Comment

You must be to leave a comment.
Submit
Characters: ...
You must be to leave a comment.
Submit
Characters: ...