The dollar in New York stock market against major currencies up and down differ
Xinhua in New York, electricity on April 7th because of the market disturbed to wait that the major listed companies released their quarterly reports, on 7th in exchange market of New York the dollar against major currencies differed in the price rate. The largest U.S. aluminum company Alcoa reported after closing on 7th, because the global economic crisis continued to press aluminum prices and market demand, the first quarter of the company lost of 497 million U.S. dollars. This is the second consecutive quarter of losses, more than analysts expected.
In London the stock market lower and stock index fell 1.58 percent
Xinhua in London on April 7th (Xinhua Chen Wenxian) on 7th the stock market in London sharply closed down, average stock price index of 100″Financial Times” finally closed at 3930.52 points, a drop of 63.02 points than the previous session, a decline of 1.58%. Financial stocks and commodity stocks fell sharply on the day so dragged down the market, the benchmark index had been down for three consecutive trading days. Analysts here said that in the past month, the stock market had indeed signs of a rebound.
Greenspan: the stock market in the process of beginning reversion, will still continue dropping
Securities Times, on February 19th hearing, the former Chairman of U.S. Federal Reserve, Alan Greenspan after retirement, the sound for his praise gradually disappeared but was replaced by some of critics. It was Widely seen that his highly regarded free-market, led now the United States to a serious economic recession. On 17th of local time, Alan Greenspan on the Economic Club of New York said that the current global economic recession inmany countries would become the most lasting and serious one since the last century of 30s, and the United States in order to stabilize the financial system, the Government needs to show more many of the relief funds.
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