stock market outlook 9 august 2011

Indonesia stock info - stock market outlook 9 august 2011 ; Finance ministers and central bank governors at the Group of 20 industrialized and developing nations on Monday, 8 August 2011, said they were committed to take all necessary initiatives in a coordinated way to support financial stability and to foster stronger economic growth. Without detailing specifics, the G20 officials said they will remain in close contact and cooperate as necessary in the coming weeks to ensure stability and liquidity in the financial markets.

The latest data showed that the US economy added 117,000 jobs last month, more than economists were expecting. The unemployment rate edged lower to 9.1%. The better-than-anticipated jobs report, however, wasn't enough to convince investors that the troubles affecting the economy are over. Recent reports have shown a drop in consumer spending, a slowing manufacturing sector and sluggish economic growth.

All eyes are now on the US Federal Reserve's one-day policy meeting on Tuesday, 9 August 2011. At their last meeting in June 2011, Fed officials decided to keep the central bank's balance sheet at a record to spur the slowing economy after completing $600 billion of bond purchases. The Fed has held its target for the short-term federal-funds rate inside a lowest-ever range of 0% to 0.25% since December 2008.

The latest data showed that the US economy added 117,000 jobs last month, more than economists were expecting. The unemployment rate edged lower to 9.1%. The better-than-anticipated jobs report, however, wasn't enough to convince investors that the troubles affecting the economy are over. Recent reports have shown a drop in consumer spending, a slowing manufacturing sector and sluggish economic growth.

Asian stock market outlook 9 august 2011, hongkong market outlook 9 august 2011, financial market outlook 9 august 2011, singapore stock market outlook 9 august 2011, australian share prices forecast 9 august 2011

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