国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Economy

Commodities price slump prompts growth concerns

(Xinhua)
Updated: 2011-05-14 15:50
Large Medium Small

BEIJING - Big drops in international commodities prices have added to concerns over the uncertainty of global economic recovery amid slowing consumer spending in the US and monetary tightening policies aimed at cooling inflation in China.

Crude oil prices on the New York Mercantile Exchange (NYMEX) edged up slightly on Thursday, but remained below $100 per barrel.

Related readings:
Commodities price slump prompts growth concerns Inflation 'set to increase further'
Commodities price slump prompts growth concerns Stocks fall as commodities decline on inflation
Commodities price slump prompts growth concerns Inflation data chills markets
Commodities price slump prompts growth concerns Citizens feel inflation biting hard

Prices on light, sweet crude for June delivery fell more than 5 percent to settle at $98.21 per barrel on Wednesday.

Other commodities, like silver, slid by more than 7 percent. The NYMEX gold futures edged down by 1 percent to $1,501.4 per ounce.

Crude oil prices dove after the US Department of Energy released a report on energy reserves Wednesday showing falling demand for an increasing crude stock.

Meanwhile, overall US consumer spending growth slowed in April.

Jim O' Neill, chairman of Goldman Sachs Asset Management, said the price declines were within expectations because commodities prices had risen too fast during the past two years.

O' Neill added that price readjustment in the global commodities market will continue for a while along with a cooling in the quick economic growth momentum in China, the world's second largest economy.

According to data released by China's statistics authority on Wednesday, industrial value-added output rose 13.4 percent year-on-year in April, but the growth rate dropped 1.4 percentage points from March.

Meanwhile, inflation rose 5.3 percent from a year ago, far exceeding the government's target of keeping the figure below 4 percent for the full year.

In the latest move to battle inflation, China's central bank announced Thursday that it will raise the reserve requirement ratio (RRR) of the country's lenders by 50 basis points, effective May 18. The fifth such hike of this year will lift the RRR for China's large financial institutions to a record high of 21 percent.

The central bank has also raised benchmark interest rates four times since last October to fight rising prices.

The US unemployment rate remains high, hovering around nine percent, and investors in newly emerging economies such as China and India are worried that inflation and monetary tightening could hamper growth, said Wang Hongying, vice president of the China Futures Research Institute.

If debt problems in Greece and other Euro-zone countries are not solved immediately, the prospect for global economic recovery will be gloomy, Wang added.

Some analysts say that as global inflation intensifies and effective demand from newly emerging economies moderates, countries could further tighten monetary policies, ending the bullish run in the commodities market along with a recently rising dollar.

But some analysts argue that the strong upward trend in global economic recovery and a weaker dollar in the long run have not fundamentally changed, as industrialization and urbanization in countries such as China and India will further boost commodities prices.

分享按鈕
四川省| 新营市| 永善县| 噶尔县| 双柏县| 恩施市| 彭州市| 临邑县| 沂源县| 塔河县| 关岭| 通化县| 皮山县| 绵竹市| 会昌县| 鹿泉市| 璧山县| 调兵山市| 米泉市| 天峨县| 武乡县| 吉木萨尔县| 新泰市| 维西| 泗水县| 喀什市| 襄城县| 信宜市| 南木林县| 开化县| 西畴县| 泾阳县| 吴堡县| 镇安县| 柯坪县| 洛扎县| 贡觉县| 息烽县| 麻江县| 什邡市| 邓州市|