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Relevant New record for oil prices soon Dollar under five million! icegate tracking Services Most read You will not believe what this house costs Gets million salary, private jets, fat houses and limousines News TV3-flop taken off display To invest Huseklepp million - The minister gets fired first mestdelt.no F the most shared news from the st Making the newspapers at home and abroad Norway World economy icegate tracking Odd Sports Entertainment Technology Blog
The well-known industrial index Dow Jones fell 0.39 percent to 12,527.26 points. The two other leading indices are far worse. Technology-dominated Nasdaq Composite ended down 1.13 percent to 2322.12 points and the S & P 500 down 0.81 percent to 1354.49 points.
- The market runs into negative icegate tracking winds, with crude oil near records, weak dollar and weak results, all of which indicate a decline in the economy, said Peter Cardillo, chief market strategist at Avalon Partners.
Pessimistic report downturn started with a pessimistic report from the International Monetary Fund. The IMF believes that the problems in the housing and financial markets will mean that the U.S. economy will enter into a mild recession in 2008. First, in 2009 waiting a moderate pickup. The IMF has cut expected U.S. growth this year from 1.5 percent in its January report to only 0.5 percent, and waiting only 0.6 percent growth in 2009.
The IMF also expressed concern that the recession in the United States might go with the rest of the world economy. IMF cuts growth forecast for the world economy from 4.2 percent in the previous report published in January, to 3.7 percent icegate tracking for 2008 in today's report. For 2009 puts the IMF assumed a growth of 3.9 percent.
Front contract on the U.S. light crude hit a new record of $ 112.21 a barrel on Nymex. The price dropped so something icegate tracking back and was trading at $ 110.87 a barrel as commodity exchange closed up 2.2 percent.
At the close of trading in New York the dollar was down respectively 0.77 and 0.93 percent against the euro and yen. Towards million showed the gold standard -0.87 percent to 5.02 million, slightly after the rate previously under 5 million for the first time since 1980.
Seller from bad debt financial giant Citigroup is in talks to sell off portfolios of $ 12 billion exposure to bad loans. It says a person familiar with the negotiations told The Bloomberg Wednesday. They do this to get the losses out of the accounts. There are investment groups, Apollo Management, Blackstone Group and TGP is in negotiations to purchase portfolios at a discount of just over 10 percent.
U.S. wholesale inventories rose 1.1 percent in February. The figures from the Department of Commerce. It was above expectations of 0.5 percent that economists were expecting, according to the survey by Dow Jones Newswires.
Most notable icegate tracking has package delivery company United Parcel Service, UPS, have cut the outlook for the first quarter. The downgrade is due to the weakening of the U.S. economy and a significant increase in fuel costs.
- So wrong that it's not good for anything.
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