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The World's Six Largest Central Banks Rarely Join Hands In Rescuing &Nbsp; The US And European Stock Markets Are Booming.

2011/12/1 14:07:00 28

Global Central Banks Jointly Rescue U.S. And European Stock Markets

   Global The six major central banks made joint efforts on the 30 day to stabilize the financial market and ease the impact of the debt crisis. Us and European stock markets surged for the day, most of which rose by more than 4%.


The Federal Reserve, the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss National Bank announced on the 30 day that they had taken concerted action to support the global financial system and agreed to reduce the existing temporary dollar liquidity swap arrangement by 50. basic point 。


   Six major central banks The above measures came into effect in December 5th, overseas. Financial institution It is expected to get the necessary dollar liquidity to relieve pressure. Market participants were greatly encouraged and many traders were smiling.


At the same time, China has also released the signal of easing monetary policy. The Central Bank of China announced on the 30 day that it will reduce the deposit reserve ratio of deposit financial institutions by 50 basis points, causing widespread concern at home and abroad.


A number of economic data released by the United States on the 30 day are also inspiring: in November, the number of new employment in the US private sector was 200 thousand, the largest monthly increase in the year, while the Chicago Purchasing Managers Index (PMI) in that month stood at 62.6 points, reaching a 7 month high. Expect 。


By the lifting of a number of good news, US stocks rose rapidly after the opening day. Dow Jones 30 industrial stocks, all 30 constituent stocks have risen.


On the 30 day of the close of the New York stock market, the Dow Jones 30 industrial stocks average price index jumped 488.92 points over the previous trading day, closing at 12044.55 points, hitting 12000 points, or 4.23%. This is also the best trading day for Dow since March 2009. {page_break}


The standard & Poor's 500 stock index rose 51.71 points, closing at 1246.90 points, up 4.33%. The Nasdaq composite index rose 104.83 points, closing at 2620.34 points, up 4.17%.


In the US stock market that led the rise of financial and banking stocks, Citibank shares rose 8.72%, Morgan Stanley shares rose 11.04%, and Morgan chase increased 8.30%.


On the 30 day, the stock markets of major European countries also surged all the way. London stock market, the financial times, the 100 stock average price index rose 3.16%, the German Frankfurt stock market DAX index soared 4.98%, the French Paris stock market CAC40 stock index surged 4.22%.


Commodity prices generally rose in the market. International gold prices rose 30 days, the New York Mercantile Exchange gold futures trading most active February contract closed at 1750.3 U.S. dollars per ounce, or 1.8%. The international oil price rose slightly, and the oil price in New York once again exceeded the $100 mark per barrel.


In addition, the performance of US stocks in the whole month of November was generally normal, the Dow rose 0.8% from last month, the standard & Poor's index dropped 0.5%, and the NASDAQ index dropped 2.4%.
 

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