Plan B Delay Congress, Wall Street sales drop. U.S. stock index moving down sharply following the news that the Republican party has to cancel or postpone the vote to avoid an increase in taxes on those with incomes of $ 1 million or less (per year). About 30 minutes after the congress spokesman, John Boehnar said that he postpone or cancel the voting cause lack of such support, the Dow Jones Industrial Average fell 1.5%, the S & P 500 fell 1.4% and the Nasdaq fell 1.3%.
Cancellation or delay reduction signaled support for the Republican party, reducing the fiscal cliff optimism handling solutions which are expected to begin next year. The news also hit Asian stock markets today, with Hong Kong's stock market fell and the Japanese stock market, the Nikkei, which is down from the previous high.
Follow the trail Hang Seng U.S. stocks fall
Hong Kong Stock Exchange, Hang Seng, move down on Friday, amid concerns about the problem of handling fiscal cliff after Republicans say cancel or postpone a vote or voting in order to avoid the application of the imposition of a tax increase on the citizens who earn $ 1 million or less.
The Hang Seng Index fell 0.7% to 22,504.92 and the Hang Seng China slumped 0.9% to 11,250.63. The Shanghai Composite Index fell 0.1%, handing the previous gain. Shares of Industrial & Commercial Bank of China and PetroChina Co. shares fell as much as respectively 1.1%, with shares of Want Want China Ltd which fell by 2%.
Japanese Finance Minister Question BOJ Inflation Target
Japan's economy minister said today that the statement of the Bank of Japan (BOJ) on Thursday (20/12) as 'shocking'. After the last meeting, the BOJ plans to review its policy in the short-term inflation target at the level of 1% on the regular meeting. "I highly doubt the BOJ's commitment in achieving the inflation target of 1%," said Seiji Maehara some time ago. Maehara had earlier attended the BOJ policy meeting and view the majority of the executive members did not agree with the proposal, and the new board members Takahide Kiuchi and Takehiro Sato. Both want to keep the BOJ take concrete steps to achieve the inflation target of 1%.
"I was even surprised to hear BOJ called consumer inflation range of 0 to 2%, whereas other members of the board of governors did not want change," added Maehara. At the end of a two-day board meeting yesterday, the BOJ agreed to increase the portion of the asset purchases as the main medium of monetary easing in the rate of climate near zero level. Authorities also promised to review the current inflation target, which is part of the will of Prime Minister Shinzo Abe during the last parliamentary campaign. Currently the exchange rate of USD / JPY monitored at the level of 83.93.
Cancellation or delay reduction signaled support for the Republican party, reducing the fiscal cliff optimism handling solutions which are expected to begin next year. The news also hit Asian stock markets today, with Hong Kong's stock market fell and the Japanese stock market, the Nikkei, which is down from the previous high.
Follow the trail Hang Seng U.S. stocks fall
Hong Kong Stock Exchange, Hang Seng, move down on Friday, amid concerns about the problem of handling fiscal cliff after Republicans say cancel or postpone a vote or voting in order to avoid the application of the imposition of a tax increase on the citizens who earn $ 1 million or less.
The Hang Seng Index fell 0.7% to 22,504.92 and the Hang Seng China slumped 0.9% to 11,250.63. The Shanghai Composite Index fell 0.1%, handing the previous gain. Shares of Industrial & Commercial Bank of China and PetroChina Co. shares fell as much as respectively 1.1%, with shares of Want Want China Ltd which fell by 2%.
Japanese Finance Minister Question BOJ Inflation Target
Japan's economy minister said today that the statement of the Bank of Japan (BOJ) on Thursday (20/12) as 'shocking'. After the last meeting, the BOJ plans to review its policy in the short-term inflation target at the level of 1% on the regular meeting. "I highly doubt the BOJ's commitment in achieving the inflation target of 1%," said Seiji Maehara some time ago. Maehara had earlier attended the BOJ policy meeting and view the majority of the executive members did not agree with the proposal, and the new board members Takahide Kiuchi and Takehiro Sato. Both want to keep the BOJ take concrete steps to achieve the inflation target of 1%.
"I was even surprised to hear BOJ called consumer inflation range of 0 to 2%, whereas other members of the board of governors did not want change," added Maehara. At the end of a two-day board meeting yesterday, the BOJ agreed to increase the portion of the asset purchases as the main medium of monetary easing in the rate of climate near zero level. Authorities also promised to review the current inflation target, which is part of the will of Prime Minister Shinzo Abe during the last parliamentary campaign. Currently the exchange rate of USD / JPY monitored at the level of 83.93.
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