2012年2月22日星期三

The Greek economy is entering its fifth year of recession

Asian stock markets were mostly lower Thursday as investors fretted over the details of a deal to save Greece from financial collapse and preserve its place among nations that use the euro. Burberry bags, burberry ties, burberry watches cheap on sale.Japan bucked the trend as the yen weakened, boosting exporter shares.

Hong Kong's Hang Seng fell 0.8 percent to 21,380.26 and South Korea's Kospi lost 1.2 percent to 2,005.30. Australia's S&P/ASX 200 dropped 0.4 percent to 4,275.60. Benchmarks in Indonesia, Singapore and Taiwan were also lower.

But Japan's 225 Nikkei added 0.2 percent to 9,569.63 as the dollar traded near a seven-month high against the yen. That's a positive sign for Japan's powerhouse www.fashiontoy.com exporters, which have struggled amid a prolonged period of strength in the yen.

Wall Street was lower Wednesday, a day after the Dow Jones industrial average hit 13,000 for the first time in nearly four years. Analysts said investors are sifting through conflicting signals about the U.S. economy, Chinese growth and the longevity of the euro in deciding whether to buy or sell.

"Equity markets globally now seem to have reached an interesting inflection point, having gotten off to a great start to the year," said Cameron Peacock of IG Markets in Melbourne, Australia.

Investors are trying to determine whether recent highs on Wall Street would "trigger a bout of profit taking or serve as a catalyst for a new wave of money to come into the market," he said in a report. "At this stage the verdict appears evenly divided."

Investors remained worried that a $170 billion bailout for Greece, announced Tuesday, would not be enough to keep the debt-laden country from eventually defaulting.

Greece says the bailout, plus an agreement it hopes burberry sunglasses to secure from investors to take losses on Greek government bonds, will keep it in the so called eurozone.

The Greek economy is entering its fifth year of recession. Fitch ratings agency downgraded Greece further into junk status Wednesday, to a rating of C, one notch above default.

In the U.S., the Dow fell 0.1 percent to close at 12,938.67. The Standard & Poor's 500 lost 0.3 percent to 1,357.66. The Nasdaq composite slipped 0.5 percent to 2,933.17.

Benchmark oil for April delivery was down 48 cents to $105.80 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 3 cents to finish at $106.28, the highest since May, in New York on Wednesday.

In currency trading, the dollar slipped to 80.17 yen. On Wednesday in New York, the greenback reached 80.24 yen — a seven-month high that came a week after the www.buymyfavorite.com Bank of Japan announced a surprise increase in its economic stimulus program. The yen has been falling against the dollar ever since the announcement.

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