Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (5970)	5/10/2004 9:04:16 AM
From: mishedlo	Read Replies (2) \| Respond to of 116555

Commodity Demand to Ease During Q2 in China: Report sg.biz.yahoo.com

To: Haim R. Branisteanu who wrote (5970)	5/10/2004 9:19:42 AM
From: mishedlo	Read Replies (2) \| Respond to of 116555

BIS' Trichet says economic growth not threatened by oil price rise - Monday, May 10, 2004 1:16:20 PM afxpress.com (Updating with further detail) BASEL, Switzerland (AFX) - Central banks from the G10 leading industrialised nations say the world economy will continue to grow despite a rise in oil prices, European Central Bank governor Jean-Claude Trichet said "The global economy is confirming its steady growth," Trichet said here after a meeting at the Bank for International Settlements (BIS), the so-called central bankers' central bank. "This steady growth is not hampered by the rise of commodity prices or oil prices," he added Trichet said central bankers welcomed Saudi Arabia's call for OPEC to raise its production ceiling by 1.5 mln barrels per day The remarks came as oil prices on world markets soared to 13-year high points with crude hitting 40 usd a barrel in New York on fears of terrorist strikes in the Middle East and US fuel shortages Trichet said the central bankers believe global economic growth is broad based both geographically and by sector Despite the optimistic outlook, the European central banker said that more productivity would be welcome worldwide to help fuel the upward trend "We encourage structural reform as a means to make the economy more flexible," he said In addition, the central bankers exchanged views about the problem of an ageing society and urged countries to implement reforms in the area of pensions and health, Trichet said Turning to the evolution of long-term bonds, Trichet noted that there was nothing to worry about "We continue to observe the situation carefuly," he added fxstreet.com

To: Haim R. Branisteanu who wrote (5970)	5/10/2004 9:25:20 AM
From: mishedlo	Read Replies (2) \| Respond to of 116555

Saudi Arabia calls for 1.5 million bpd hike in OPEC output Monday, May 10, 2004 12:09:15 PM RIYADH (AFX) - The Organization of Petroleum Exporting Countries (OPEC) needs to add not less than one and a half million barrels per day (bpd) to its production ceiling, Saudi Oil Minister Ali al-Naimi said earlier "It is certain that the kingdom believes that increasing OPEC's production ceiling is essential to keep supply and demand balance "It is apparent that demand, especially that of Asia, has and will continue to increase in the second half of this year "We in the kingdom estimate the required increase of the ceiling to be no less than one and a half million bpd," Naimi said in a statement released by the oil ministry His remarks came as prices on world markets soared to 13-year highs with crude hitting 40 dollars a barrel in New York on fears of terrorist strikes in the Middle East and US gasoline shortages OPEC agreed in March to cut output by one million bpd to reduce total production to 23.5 million from April 1 fxstreet.com

To: Haim R. Branisteanu who wrote (5970)	5/10/2004 9:29:48 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

ECB sees risk of 'extreme' liquidity imbalance, may hold fine-tuning operation Monday, May 10, 2004 9:46:18 AM FRANKFURT (AFX) - The European Central Bank said there is a risk of a severe liquidity imbalance in the euro zone money market at the end of the current reserve maintenance period The ECB said it may need to correct the projected imbalance with a fine-tuning operation tomorrow, which is the final day of the reserve period "The ECB's current liquidity forecasts foresee an extreme liquidity imbalance at the end of this reserve maintenance period. Unless this imbalance is corrected by other liquidity shocks, the ECB will aim to counter it via a fine-tuning operation tomorrow," it said in a statement The operation would take place at 1000 CET tomorrow, it said A fine-tuning operation is a one-off tender executed by the ECB to deal with unexpected liquidity fluctuations in the money market The ECB said the decision reflects its aim of preventing such extreme liquidity imbalances leading to significant volatility in overnight money market rates fxstreet.com