Exchanges in Asia fell for the fifth consecutive day of the way to the biggest weekly decline than a year after concerns about the slowing world economic growth caused a decline in shares of financial, energy and materials sector. Decline registered all markets in Asia open to trade, such as those in Hong Kong, Indonesia and China lost more than 3 percent.
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The chairman of the U.S. Federal Reserve Ben Bernanke said the financial crisis in the U.S. and high inflation harm economy and put a serious test before the central bank in its attempts to restore stability in the market. This happened during the Bernanke speech before the heads of leading central banks in the world who have collected at its annual meeting in the United States.
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On the New York Stock Exchange on oil is more expensive, and contracts for the supply of oil for the month of September is concluded at a price for barrel petrol of 113.01 dollars. This price is lower by 1.44 of the price on Monday, and an absolute maximum stated on the New York Stock Exchange on 11 July this year was 34.26 dollars more than the price yesterday.
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The price of oil pointed to another sharp rise during the last session exchange for the week. Reason for this became comments by Deputy Prime Minister of Israel, that with regard to Iranian nuclear program agenda “are open all possible actions”, transmit Bloomberg. For declarations of tension and help answer to the Iranian President Mahmoud Ahmadinejad that his country will “respond with force” to all foreign attempts to delay nuclear program.
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Oil marked the biggest drop in the price for the past 17 years, losing 4.4 percent only within the session yesterday in New York. Reason for sales data became MasterCard, the last week that demand for gasoline decreased by new 5.2 percent, marking 12 regular weekly decline.
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Fears about the future development of the mortgage crisis in the U.S. on track to lead the dollar to new historic beds. Yesterday the U.S. currency trading fell to 1,5937 EUR / USD, which is the lowest level of 23 April onwards. Record of the euro against the green of money is only one - at 1.6019 dollars to euros. Meanwhile, at the end of last week marked the single currency at its highest level against the Japanese yen so far.
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The price of crude oil hit a new record, after having appreciated by over 4 dollars because of fears that Israel will initiate military action against Iran.
To increase the quotations and expectations contribute to strike in Brazil and to each terrorist threats in Nigeria.
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Reduction of workforce in the U.S. and continues through June, show the data of the Ministry of Labour.
In the last month more than half 62 thousand Workers from the agricultural sector have not lost their work, which is the reason for the detention of the level of unemployment at 5.5 percent. Overall, since the beginning of the year, employment fell by a total of 438 thousand jobs. For comparison in 2007 were discovered 91 thousand new positions.
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The rate of duty on oil exported from Russia, it is almost 496 dollars per tonne from 1 August, RIA Novosti reported, referring to information from the Russian Ministry of Finance.
The increase of duty for two months (the period reviewed the level of rates) is nearly 98 dollars per tonne, ie almost 25%.
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The price of crude oil finished the week with a new record, came as a result of new setback for the dollar against the euro. For the appreciation of the material also impacted by weak U.S. economic data during the week, which proved negative impact on trade on stock exchanges. The strong decline in exchange indices globally from the last few days causes increasing attractiveness of investment in raw materials as a means of overcoming the negative effects of inflation.
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