For the U.S. and European markets, the market this week, cold white Christmas weather.
Monetary easing in Japan's new cabinet is expected to boost the market sentiment, the stock market under pressure on concerns about the U.S. fiscal cliff negotiations. Harassment in late October on the east coast hurricane interrupted the normal retail activities, consumers save of the economic recovery in Europe and the prospect of concerns, but dare not enjoy consumer. Investors are generally waiting for the results of the postganglionic U.S. budget negotiations.
The weak traditional festivals during the Christmas holiday sales data, further driving down the market index. The Investigation Agency SpendingPulse expected, total sales in the United States two months before Christmas is only an increase of 0.7% compared with last year, far lower than the expected 3-4%, the slowest growth since the financial crisis of 2008.
For retailers, the 2012 holiday shopping season may be the worst time since the financial crisis of 2008, sales increased far less than expected, forcing many retailers discount promotions expect to take to reduce excess inventory after Christmas mass . U.S. retailer has suffered 27 price tumbled sharply, dragged U.S. stocks lower.
The last three trading days, the Dow Jones index has decreased continuously from 27 before the U.S. stock market opened, all the three major U.S. stock index futures edged lower, indicating that investors are not optimistic about the U.S. stock market on the date.
The weak stock market, commodity, bond market traded in Christmas after also relatively light. The night of the 26th New York Golden narrow range rise Takami $ 1,668.7 an ounce, closing up 0.1%. Due to the cold weather and technical buying, on the 26th, the New York oil futures rose more than 9 weeks high, rising $ 2.37, closed up 2.7%. Gasoline futures prices extended gains, rising 2.3%.
Obama and Boehner on the 28th return of the "financial cliff" negotiations, in order to avoid given automatically take effect on January 1 next year, $ 500 billion cut public spending tax increase measures to reach an agreement, it has also become the focus of global financial markets this week.
"Cliff" the United States from automatically crazy plus tax cut branch just three trading days, the U.S. Congress, the two parties are still immersed the intermodulation game, unwilling to make concessions. Republican leader of the House of Representatives Speaker John Boehner on Wednesday issued a statement, urging Democrats control the Senate must act first; spokesman for Senate Majority Leader Harry Reid, tit-for-tat, said the Senate has passed a proposal to protect 98% of taxpayers , in turn, urged Republicans dominated the House of Representatives passed the bill.
The U.S. Treasury Department said on Wednesday that the U.S. government will hit $ 16.394 trillion debt ceiling Monday, triggered a series of emergency measures may only allow the United States into a the full debt crisis delayed until February or March next year. U.S. Treasury Secretary Timothy Geithner on Wednesday sent a letter to congressional leaders of both parties, said that special measures will be taken, including the suspension of the issue of the part of the state and local government bonds, involving bond size of about two hundred billion U.S. dollars to postpone debt default time.
Obama is currently facing a crisis of early 2011 the government closed more serious crisis, the U.S. Treasury Department's "treasury" to have bottomed out, compared with 2011, currently less cash on hand. When the United States in May 2011 hit debt limit, the government has about $ 128 billion in cash. As of last week, the U.S. government only has $ 52.1 billion in cash.
, The size of the debt of the U.S. government reached the ceiling and adjust the sovereign rating of the United States will not be prompted Moody's, the international rating agency Moody's on the 27th. However, Moody's also warned that if the United States failed in 2013 to develop a clear medium-term planning for the fiscal and debt problems, Moody's may downgrade the sovereign rating of the United States.
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