NEWS
Hujiao weak correction Jin Koujiao return
5/5/2010 12:29:53 AM  Hit:1
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4, closed on plastic, Hujiao sideways. During the holiday season, a continuous rise of crude oil, the EU introduced the Greek aid program, the international external environment improvement, but over the weekend once again the central bank announced the increase of deposit reserve and increased supply of natural rubber producing areas, the situation of new rubber to natural rubber futures Haishi heavy pressure, Shanghai plastic long and short stalemate continued in a weak state. End close, Hujiao main contract closed at 23,265 yuan 1009, down 30 yuan, or 0.13%.

Uncertain international economic environment will always affect investor sentiment. Although the EU and the IMF have agreed to provide to Greece amounted to 110 billion euros to a rescue package, but investors are still wary of the agreement can work. Concern that the European Central Bank to relax its restrictions on collateral, to allow Greece to use its bonds as collateral (though has been reduced to junk level), this clearly shows that the European Central Bank is expected to Greek bond rating may also be further down. In short, the crisis is far from over Greece, the euro area remain high risk associated with other debtor countries, which will bring the medium-term pressure on the euro.

The central bank announced further raising the deposit reserve ratio, reflecting the central bank over the current ample liquidity concerns, but also that the determination of the central bank to tighten monetary conditions is determined. Central bank announced late last week, from May 10, 2010, the raised deposit-taking financial institutions of RMB deposit reserve ratio by 0.5 percentage points, rural credit cooperatives, rural banks temporarily raised. This is central to the 3rd year, raising the deposit reserve ratio, on May 10 raised, the large financial institutions to increase the deposit reserve ratio to 17%, 17.5% with the highest point only was 0.5 percentage points. According to the industry that the use of the central bank reserve ratio this could be due to the high foreign exchange, also aims to control liquidity. China's trade surplus narrowed in the present, and even the recent case of export deficit, foreign exchange may be the main source of increase in large number of enterprises by foreign currency loans from banks due to expectations of RMB appreciation, if not to hedge, will be detrimental to the control of liquidity . This raised the deposit reserve ratio shows that the central bank's determination to tighten the money supply is determined, it will reduce the bank's credit line, the negative impact on the market.

 

 

 

 

Author: Jiande Tongyu Electrical Tools Factory
Website: www.tygluegun.com
Main Products: glue gun?glue stick

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