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There is the report. World's stocks have bounced back from 14-month low as expectations among the policy makers1 will take further action to ease the eurozone debt crisis. Stocks were swinging between gains and losses on overseas markets overnight. Let's take a look.
On Wall Streets, stocks finished up. The Dow gained more than 30 points. European shares also turned positive on hopes of further measures from the European Central Bank to ease the region's debt crisis. And it was different in Asia with stocks ending the week lower. The Nikkei lost 181 points. And Aussie shares hit their lowest fort for two years yesterday. The All Ords was down 66. Gold has also plummeted2. And the Aussie dollar is buying around 98, just a tab below 98 US cents.
Moody's ratings agency has downgraded 8 Greek banks by 2 notches3. The agency said the outlook for all the banks' long-term deposit and debt ratings was negative. Moody's cited the expected impact of the deteriorating4 domestic economic environment on non-performing loans and declines in the deposit basis. That's its reasoning for the downgrade.
And in the latest assessment5 over Australia's financial system, the Reserve Bank says many households are making additional payments to reduce their mortgages faster. The financial stability review shows Australian banks are in a solid position to withstand the current turmoil6.
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1 makers | |
n.制造者,制造商(maker的复数形式) | |
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2 plummeted | |
v.垂直落下,骤然跌落( plummet的过去式和过去分词 ) | |
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3 notches | |
n.(边缘或表面上的)V型痕迹( notch的名词复数 );刻痕;水平;等级 | |
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4 deteriorating | |
恶化,变坏( deteriorate的现在分词 ) | |
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5 assessment | |
n.评价;评估;对财产的估价,被估定的金额 | |
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6 turmoil | |
n.骚乱,混乱,动乱 | |
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