Friday, September 20, 2013

Global Economic update

vGlobal Crude price decreased  as Middle East crisis recede ( USD 116 ( 28th Aug ) à USD 108 ( 17th Sept )
 
vUSD Index has touched lowest level since Feb 13 indicating weakness against all major Global  currency 
 
v Euro is gaining strength against USD  and touched 1.35 ( seven Month High ) , as Euro Zone showing positive data
 
vUK unemployment rate is decreasing and touched 7.7%
 
vDeferring of QE3 will give lot of comfort to the entire Asian Economy
 
v Emerging Countries like India & Indonesia will now get few Months to address the Domestic imbalances
 
vBank of Korea kept its benchmark interest rate unchanged at 2.5% as Inflation has touched lowest since 1999
 
vJapan August Month Export has grown the most since 2010  ( 15% Growth ) , boosting Prime Minister growth plan
 
vChina FDI is growing  at the rate 6.4 % ( YTD August )  - 2013 YTD FDI is USD 80 Billion     

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