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Let’s go to finance now, and the latest national account’s figures are out today in respect to show solid growth in the September quarter. Economist1 survey by Bloomberg predicted GDP grew 0.7% over the period up from 0.5% in the June quarter. Now that will take annual growth rate to 3.1%. Analysts2 say that isn’t strong enough to make any inroads in the cutting that jobless rate.
In Russia, western sanctions over Ukraine and foreign oil prices are taking a heavy toll3 on that country’s economy. The government has slashed4 its economic forecast for next year and warned that Russia is now heading into recession. Russia’s Economic Development Ministry5 estimates the economics will contract by 0.8% next year. It had previously6 estimated the economic will grow by 1.2% in 2015.
OK, let’s go to the markets. The US energy companies are pushing Wall Street higher despite a fall in global oil prices overnight. The Dow closed more than 0.5% higher. The Nasdaq and the S&P 500 had also made gains. In London, the FTSE was also up. Checking commodity prices, West Texas Crude is trading at 67 dollars a barrel. Tapis is at 74 US dollars a barrel. And gold is at 1199 US dollars an ounce. The Aussie dollar is at 84 US cents, 68 euro cents and 54 pence sterling7.
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1 economist | |
n.经济学家,经济专家,节俭的人 | |
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2 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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3 toll | |
n.过路(桥)费;损失,伤亡人数;v.敲(钟) | |
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4 slashed | |
v.挥砍( slash的过去式和过去分词 );鞭打;割破;削减 | |
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5 ministry | |
n.(政府的)部;牧师 | |
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6 previously | |
adv.以前,先前(地) | |
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7 sterling | |
adj.英币的(纯粹的,货真价实的);n.英国货币(英镑) | |
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