Deposited in 6 h 24 pm EST on December 14, 2010
LONDON (AP) - the global markets traded in narrow beaches Tuesday as investors awaited major sales figures retail in the United States at the last meeting of the Federal Reserve policy.
The dollar has remained under pressure after a warning of a lead agency rating credit that they could have a negative view on its triple-A rating if it is not a handle on its borrowing over the next two years.
In Europe, the action of Colombia British FTSE 100 index has been 7.13 points, or 0.1% of 5,853.62, while Germany DAX fell 3 38 points, or 0.1% of 7,026.01. CAC-40 in France was higher at 3,894.24 less than 2 points.
Wall Street was ready for an apartment suite too modest gains - Monday opening future Dow have 3 points to 11,363 while 500 to the wider term standard & Poor increased 1.5 1,237.70 checkpoint. Monday, S & P was a new record for its fourth straight fence 1,240.46, 2010 high.
How the United States performs well likely hinge on what the Fed said in his statement to the meeting.
Although the actual meeting should not give much, with interest rates and the quantitative easing program to expand the supply of currency left unchanged, the statement accompanying is closely evaluated for any change of tone. Despite the low agricultural wage data us November U.S. economic newsflow generally surprised on the rise since the US Federal Reserve announced a $ 600 billion extension policy purchase of financial assets in the hope that banks start lending again.
"Nuances - developed in - and on - interpreted because they are often - instruction will be combed through with the usual fine toothcomb,"said Marc Ostwald, the monument of the securities market strategist.""
Most analysts believe that the Fed will probably acknowledge the tone recent enhancement in immediate prospects and the United States data seems a little pink, since President Barack Obama agreed to compromise with Republicans to extend reductions in taxes on-to-expire for all Americans.
Although compromise tax increased the prospects for growth in the short term in the u.s., there are concerns about the impact on public finances.
"Focusing on deficit threatens to be introduced sharply focus Moody announcement that tax relief could put triple with United States status at risk," said Jane Foley, Rabobank International senior currency strategist.
The dollar has been under pressure, dropping more Tuesday. Late morning time in London, the dollar was down 0.6% at 82.95 Yen while the euro was 0.5% higher closes on $1.3455.
The euro continues to be supported by a first easing of tension in Europe debt crisis. Which was partly fuelled by the confirmation that the European Central Bank has intensified its procurement liaison for the past two weeks.
Monday figures shows that the rate of the ECB purchased around State bonds n euro2.7 billion in the week ending December 10. This is the biggest weekly purchase since July and euro1.97 billion a week earlier.
Buying bonds for vulnerable countries such as the Greece Ireland, Spain, the Portugal ECB stabilizes their prices and yields or interest rates. These levels indicate how a Government would have to pay if it were to raise funds in the debt markets.
Before the Fed investor reporting will be information retail United States November to digest. Market consensus is that rose to retail a monthly 0.6% in the month.
"Failed to restore has the potential to shake the confidence of investors, said Ben Critchley, an experienced trader IG index sales."
The figures are particularly important because they shine a light on the State of consumption to United States, a key engine of growth. Retail U.S. spending accounts about 70 percent of the largest economy in the world.
Figures during the European session does not have much of an impact of market. Lower than expected growth of industrial production of 0.7% in the zone euro in October was largely offset by a German investor strong enough sense of l'Institut de recherche ZEW survey. The index is passed for the first time after six straight slides to 4.3 percentage points in December 1.8 in November.
Investors are also kept a closely monitored developments in China after the shown numbers recently the country's inflation rate surged to 5.1% in November to higher feed costs and utilities. Financial markets require a further increase in interest rates if maps on one earlier in the month of October.
Earlier in Asia, Hong Kong Hang Seng rose by 0.5% 23,431.19 and reference index composed of Shanghai gained 0.1% 2,927.08 China.
Nikkei 225 stock average of 0.2 per cent to 10,316.77, then that S & P/ASX 200 added Japan Australia advanced 4,766.90 of 0.2 per cent.
Reference crude for January delivery decreased $ 9 cents at 88.52 barrel in electronic commerce on the New York Mercantile Exchange.
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AP Business Writer Kelly Olsen in Seoul, South Korea contributed to this report.
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