Market uncertainty resulted in price decline of Sep

The continuous effects of debt crisis in Europe and US have led to worries of secondary recession of global market. The latest US Michigan consumer confidence index announced in August has dropped to 55.7 with unemployment rate stuck at 9.1%. The consumer confidence index of EU has slid to -16.5 which is the lowest this year while unemployment rate has not been improved. Australian Bureau of Statistics also announced the worse-than-expected August unemployment rate at 5.3%. Japan Cabinet Office has announced the MoM regression of core machine order of 8.2% in July due to reduced demands for manufacturing industries and non-manufacturing industries. All these global major indices have contributed to demand uncertainty for the hot season in the second half of the year leading to rapidly falling stock prices and enterprises’ confidence.


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