Weekly Fundamantal Report 16.3.2009

The previous week ended with the trade balance data in the United States of America, which saw an unexpected contraction in the trade deficit, but the reasons behind this decline is due to the dynamics of the American economy consumer spending and a request to the various goods and commodities. Despite the improvements in the trade balance, however, that the problems of spending by consumers are still more obstacles to the American economy out of the economic plight of the worst since the Great Depression. In a separate report from the U.S. Labor Department showed an increase in grant requests for the week ending March 7 of this to be at 654 after a request to the value of 639 was asked to amend this to read to read the value of 645 thousand . The outlook was at the 644 applications. In addition to this grant requests have been issued for the week ending on 28 February last, which amounted to 5317 thousand. A request from the 5106 to 5124 has been amended applications. Mr. Bernanke did not give the market more details about the steps he intends to follow the Federal Bank; however, U.S. stocks rose with the beginning of the meeting that day, with investors eager for any news that would support the prices of financial shares in particular, after reaching its lowest level ever. Mr. Jitnr also said U.S. Treasury Secretary in a statement issued in Washington, demanding that the Group of Twenty to take more action to resolve to work to end the current financial crisis and also asked them to increase money supply by the International Monetary Fund to reach 500 billion dollars. At the end saying that this crisis is global and this requires a collective global responsibility and resolve to end it worked well, and it should be noted that the IMF wants the government to be given to stimulating their economies by 2% of gross domestic product of every nation. Turning to the world's second largest economy and the leader of the Asian region and is the Japanese economy, which continue to deepen in the deepest economic recession since the fall when the post-war period. This is in spite of efforts by the Japanese government and the Central Bank, which aims to achieve stability in the financial system and lifting the rigidity of the credit markets to return again and borrowing that would facilitate trade and reduce losses from Japanese companies. Started the previous week for the Japanese economy with the data in the current account deficit, the first deficit since the 13 year due to the collapse of exports, which reached the lowest ever during the month of January by 46.3%. Has shrunk the overall current account for the month of January in Japan, the value of 172.8 billion yen, after it was expected that the deficit gap to only 15.3 billion yen, and this was the previous reading showed a surplus of 125.4 billion yen. This reading is the lowest level since a deficit in 1985, in addition to this expansion has been in the trade balance deficit increased to 844.4 billion yen after a surplus of 197.9 billion yen was expected that the deficit will grow the value of 811.6 billion yen. Week of the euro has been positive in terms of moves, but the data did not reflect the economic reality faced by the rise of currency, but the rise was based on the higher risk appetite of investors hopes to adopt after governments around the world with more new and catalytic actions of the other hand, the dollar fell for the deepening recession in the economy despite all the initiatives by the U.S. government to accept, for the euro had risen this week, a minimum of 1.2554 to 1.2955 higher. The most important developments in Europe confirm the decision by the Swiss central bank to reduce the interest rate as was expected of him and the value of 25 basis points to 0.25% from the previous 0.50% to levels approaching zero, therefore in an attempt to overcome the worst recession since 1982 due to the drop in domestic consumption and increase in the value of the Swiss franc, which is detrimental to exports, as the Swiss unemployment rate rose to 3.4% in February from the previous 3.0%, while the index of producer prices and imports declined in February to -0.6% -0.8% from the previous level, while prices have dropped the annual rate of -- 1.8% from the previous -0.9%. This has been a very quiet week in the British economy's second-largest economy in the European continent and this was in contrast to last week, which was full of economic data, and find that, despite the absence of economic data, however, stagnation and decline are still dominant throughout the economy and the Royal world, and despite this lull, however, the beginning of this week was fraught with overwhelming fear, which is still in control of the market. And this fear has led the following data indicate that the Government will acquire the group Lloyds Banking Group plc, which is the largest mortgage lender in the United Kingdom and will be in exchange for guarantees of the company worth 260 billion pounds ($ 367 billion) of loans and assets bad to it, and this has led to the decline in the company's shares by 14%.
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