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The US Federal Reserve Kept Ultra-Low Interest Rates Unchanged, US Stocks Rose &Nbsp, And The Dow Rose 430 Points.

2011/8/10 8:42:00 61

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Federal Reserve

The statement maintained that the benchmark interest rate remained unchanged in the 0%-0.25% interest rate range, and the US economic recovery is expected to slow in the coming months, and warned that the risk of the economic downturn is on the rise.

Affected by this, the US stock fell once, but the late market rose, closing the last trading day's decline, the sharp rise.

As of 4:00 p.m. Eastern time, the Dow Jones industrial average rose 429.92 points, or 3.98%, to 11239.77 points, the Nasdaq composite index rose 124.83 points, or 5.29%, to 2482.52 points, and the standard & Poor's 500 index rose 53.07 points, or 4.74%, to 1172.53 points.

The Fed issued the latest policy statement at 2:15 p.m. on Tuesday afternoon, saying it will continue to maintain a low interest rate of 0 to 0.25% to at least 2013 mid year. This statement has kept its previous "continued for some time" to continue.

Low interest rate

The statement became clearer.

The New York Mercantile Exchange's main oil contract in September fell $2.01 to settle at $79.30 a barrel, or 2.5%, on September.

This is the lowest closing price of the main contract since the end of September 2010.

The New York Mercantile Exchange's main gold contract in December rose 29.80 U.S. dollars to close at $1743 an ounce, or 1.7%.

The contract rose to $1782.50 an ounce and was also a new intraday price record.

In an interview Tuesday, European officials responded to rumors that Europe would launch a ban on short selling. European regulators did not plan to launch a short selling ban across Europe.

The rumor that Europe will launch a short selling ban came after the Greek Stock Market Commission launched its 2 month short selling ban after the Greek stock market plummeted to a 14 year low.

Russian Prime Minister Putin said Tuesday that the Russian government and central bank are ready to cash in the Russian financial market if necessary to stabilize the market.

Putin first commended the ECB's purchase of Spanish and Italy government bonds to ease the sovereignty of the eurozone.

debt

The decision to spread the crisis and welcome the US debt ceiling.

The governments of Germany, Austria, Finland, Holland and Slovakia have already expressed their confidence that the proposal of euro zone leaders to expand the application of euro zone financial stability fund in July 21st will be approved on time by the resumption of Parliaments in the next few weeks.

Although the internationally renowned credit Rating firm Standard & amp; poor last week announced an unexpected downgrade of the sovereign credit rating of the United States, the former US Treasury Secretary and Goldman M. Sachs M. Paulson Jr. (Sachs M.) are optimistic about the US.

He said: "although they do not think the US Treasury bonds are AAA rated, in my view, whenever the US government bonds are entitled to AAA ratings,"

"The biggest worry for the global economy at present is the EU's fiscal deficit and the structural problems of the EU itself," Paulson said.

standard

Poole

On Tuesday, although the agency downgraded the US federal government's long-term debt rating to AA+ on Friday, part of the state and local governments may maintain a AAA rating.

In a report Tuesday, the NFIB said that in July, the US small business confidence index fell 0.9 points to 89.9 points, a fifth consecutive month of decline.

Media reports on Tuesday said that there were already a number of companies because of recent

equity market

Unrest announced the delay in the first round of public offering (IPO) plan in the US.