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MARKET UPDATE ~14 Sep 2011

COMMENTARY

Budget deficit in U.S. grew to $134.2 billion in August on calendar effect

The U.S. government’s budget deficit widened in August, primarily reflecting a calendar- related jump in spending compared with the same month last year. The gap climbed to $134.2 billion last month, exceeding the August 2010 shortfall of $90.5 billion, according to the Treasury Department’s monthly budget statement. For the fiscal year to date, the deficit increased to $1.23 trillion, less than at the same point in 2010. Improved income-tax collections and efforts to cut spending signal the deficit will stop climbing, according to government and Wall Street analysts. The drive to limit debt prompted President Obama to send a $447 billion job-growth package to Congress this week that he stressed would be paid for with offsetting reductions in outlays and increases in tax revenue over the next decade. Congress has assigned a special 12-member panel the task of finding as much as $1.5 trillion in additional savings under the terms of the debt-ceiling deal reached in early August. The committee’s plan is to be submitted to Congress with a vote before the end of the year.



HEADLINE NEWS

  • U.K. inflation accelerates to 4.5%, meets estimates as clothes prices jump
  • Prices of goods imported Into U.S. decline for second time in three months
  • Spain faces rating risks on ‘downside’ as regions lag targets, Fitch says
  • Euro declines as worsening Greek debt crisis raises region’s funding costs
  • Asia stocks at lowest in a year as China signals Europe bailout reluctance
  • Crude oil drops from six-week high on concern economic recovery to falter

BENCHMARK CURRENCY RATES - GAINERS & LOSERS

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nak tanya.. spread GU dan EU brapa pips max dia boleh berlaku..
 
nak tanya.. spread GU dan EU brapa pips max dia boleh berlaku..

spread EU GU mmg tak fix dan vary utk news tapi apa yang dapat saya perhatikan ia tidaklah over wide dan anggaran dari ia masih dia bwah 3pip
 

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