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When markets in Europe closed a couple of hours ago, London's FTSE 100 was up 28 points. The Dax and Euro were also up 64 and 22 points, respectively. In the US, trading comes to a close shortly and the Dow Jones is up 173 points, while the S&P 500 is also up 18 points.
And the Australian dollar is worth more than 104 US cents this morning. It'll also buy you 65 British pence and almost 127 New Zealand cents.
Germany has rejected a deal with Switzerland to tax German citizens' assets stashed1 in Swiss Bank accounts. Germany's opposition--Greens and Social Democrats2 rejected a last-ditch appeal by the Finance Minister for the tax deal, saying the legislation would have let tax evaders off too quickly. The Swiss banking3 industry says Germany missed a possible solution to settle the bi-lateral tax issues.
In the United States, the shopping frenzy4, known as Black Friday, has kicked off gains on Wall Street as markets focus on retail5 sales. The National Retail Federation6 says it expects sales to grow by 4.1 per cent, a big down on the previous year. The stakes are high for retailers7, which can earn more than a third of their annual sales during the holiday season.
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1 stashed | |
v.贮藏( stash的过去式和过去分词 );隐藏;藏匿;藏起 | |
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2 democrats | |
n.民主主义者,民主人士( democrat的名词复数 ) | |
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3 banking | |
n.银行业,银行学,金融业 | |
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4 frenzy | |
n.疯狂,狂热,极度的激动 | |
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5 retail | |
v./n.零售;adv.以零售价格 | |
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6 federation | |
n.同盟,联邦,联合,联盟,联合会 | |
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7 retailers | |
零售商,零售店( retailer的名词复数 ) | |
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