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Let's go to finance now. And well, mortgage holders1 are welcoming yesterday's interest rate cut. It is unlikely to do much to improve business confidence.
Economist2 Salon3 Lobster4 says all the data shows the economy is soft and he reckons the government needs to do more to encourage business to invest.
“I think basically what you've got to do is you've got to try to give some confidence to business, because business is not confident. And when they are not confident they won't invest, etc. Um, I think you've also got to try to help structure policy, trying make things easier to do things. At the end of the day, ah, all those know political sides gonna agree with me. I think you need to use fiscal5 policy. Because at present, people are nervous. They're not prepared to borrow and so, cutting the costs of the borrowing to business doesn't mean you can go out and give up.”
Let's go to the markets.
And the Dow and the S&P 500 were down around half a percent overnight. The Nasdaq lost ground, too. In London, the FTSE fell slightly.
To commodity markets.
West Texas Crude is trading at 105 US dollars a barrel. Tapis Crude is 115 US dollars a barrel. And gold is at 1283 US dollars an ounce.
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1 holders | |
支持物( holder的名词复数 ); 持有者; (支票等)持有人; 支托(或握持)…之物 | |
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2 economist | |
n.经济学家,经济专家,节俭的人 | |
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3 salon | |
n.[法]沙龙;客厅;营业性的高级服务室 | |
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4 lobster | |
n.龙虾,龙虾肉 | |
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5 fiscal | |
adj.财政的,会计的,国库的,国库岁入的 | |
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6 sterling | |
adj.英币的(纯粹的,货真价实的);n.英国货币(英镑) | |
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