Sat, 04 Feb 2012 15:20:00 +0400
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It is reported that the Fed’s FOMC members are still at odds over the idea of increasing the interest rates as promised. We remind you that the FOMC meeting is going to take place just in a few days (less than a week).
Dow Jones, the U.S. stock index embracing the USA’s 30 biggest companies, has rallied fro he first time since August 19th. At this point, it is up by 619 points or 3,95% (16185,51 points). By the way, this is the biggest daily gain since 2001, Masterforex-V Academy reports.
According to John Kerry, United States Secretary of State, the U.S. Dollar may eventually stop being the world’s reserve currency in case the USA rejects the agreement with Iran and goes back to the policy of endless sanctions. This is what he told during his speech in the New-York office of Reuters.
Not so long ago, Ukraine got the right to export its goods to the USA, while doing it duty free. Most likely, the overall amount of such exports is going to be limited and inconsiderable. The thing is that this program is tailored only to those Ukrainian manufacturers capable of producing premium-quality goods. At this point, Ukrainian may start exporting its household chemical goods to the USA.
Emergency meetings follow each other. Eurozone nations are trying to save Greece. At the same time, experts have raised the alarm - Italy seems to be the next Greece. Yet, this time, if that’s the case, the Greek crisis will seem nothing compared to the Italian one.
On July 21st, Standard & Poor's, a well known international rating agency headquartered in the USA, upgraded Greece’s credit ratings – both in national and foreign currencies. The ratings went 2 steps up from CCC- up to CCC+, with a stable forecast, Market Leader reports.
Since today, July 20th, Greece has finally reopened its banks. This happened after the banks were close for 3 weeks. At the same time, the VAT and consumer prices are expected to be increased.