Diving oil prices high-profile overseas stock market gains Ruchao

Hurricane "Dolly" supply disruptions caused by fear dissipated, the international oil prices this week to continue adjustment. 22, New York crude oil futures fell to 127.95 U.S. dollars of the nearly seven-week lows. The stronger dollar and the U.S. will be adopted to combat speculation in futures markets and other factors, "adding fuel to the flames", the electronic trading yesterday, New York crude oil contract to substantially lower, once fell below 126 U.S. dollars for the June 5 the lowest level since. So far, oil prices have more on the 11th of this month set a record high of 147.27 U.S. dollars has fallen more than 15%.

Encouraged by the continuous oil prices fell, U.S. stocks closed sharply higher on the 22nd Asia-Pacific and European stock markets have also strengthened yesterday. Investors on corporate profits and inflation after that, while airline stocks such as the oil price sensitive stocks were also Repeng.

⊙ our reporter Zhou Liang Zhu

With no fear of hurricane

As of yesterday - 9:11 p.m., New York, September crude oil contract was 126.83 U.S. dollars, down 1.2 percent after falling to 125.47 U.S. dollars. Due on the 22nd day of August contract closed down 2.4 percent, at 127.95 U.S. dollars for the June 5 the lowest closing price.

So far, oil prices hit on the 11th of this month compared to the record high of 147.27 U.S. dollars of the total fell by more than 15%. Ended on the 22nd of the six trading days, oil prices have dropped in five days last week, is the fourth consecutive day that was mainly because investors think the economy will cool down against oil demand.

The last two days about the biggest factor is the oil price storm. As the tropical storm "Dolly" the official development as the hurricane this week, the outside world for its possible serious damage to the Gulf of Mexico oil production facilities concerns suddenly heated up. However, the latest forecast showed that "Dolly" is likely to avoid the main oil-producing areas, easing market concerns of supply disruptions.

The U.S. National Hurricane Center forecast issued the evening of 22, "said Dolly" positive approaching the northern region of Mexico and the United States may be in the southern states. And the United States in the Gulf of Mexico's main oil-producing areas in the state in the north, the region accounted for U.S. oil-producing country's 25 percent.

So far, the U.S. Gulf of Mexico oil production by the impact of Hurricane was still limited. So far, only 49 platforms and six drilling evacuation of staff in advance, the region is expected to affect production 4.7 percent.

Lina in 2005 and Hurricane Katrina struck the Gulf, the United States of crude oil and natural gas production was severely damaged, 95 percent of production because of Katrina were forced to close, and then substantially boost oil prices soaring.

The dollar's rally

Analysts say that oil prices plummeted over the past two days with the continued strength of the dollar, which has been part of his speech, U.S. officials support. Oil is denominated in the dollar of goods, the dollar would normally depress oil prices rose, and vice versa.

On the 22nd New York trading, the dollar against all major currencies to rise substantially. Exchange analysts believe, the same day U.S. Treasury Secretary Paulson and Fed officials some of the speech to stimulate the stronger dollar.

On the 22nd New York trading, the euro against the U.S. dollar from 1.5893 the previous day dropped to 1.5788, while sterling against the dollar to below 2.0 juncture, to 1.9920 U.S. dollars. In addition, the dollar rose to near 106.75 yen from 107.21.

U.S. Treasury Secretary Paulson said the same day, the United States will ensure that Fannie and premises of the United States and the two major housing loan financing agencies to resume normal operation, which the stability of financial markets and the world economy are essential. He also said that a strong dollar in line with U.S. interests; U.S. banking system and the long-term U.S. economic fundamentals remain sound, but the end of the current economic shocks still longer period of time.

The same day, the Federal Reserve Federal Open Market Committee members, the Philadelphia Federal Reserve Bank of Pu Luose said that in too long to maintain excessively easy monetary policy will lead to worsening inflation, the Fed may have to be in the financial market recovery before raising interest rates , A change in policy, "the sooner the better." Such remarks stirred up the market on expectations of a rate hike, the dollar boost.

Yesterday, the Asian and European trade, the dollar was continuing to consolidate gains. -- As of 16:41 yesterday, the dollar index rose 0.33 percent, to 72.67 near the two-week high. The euro fell to 1.5730 to the dollar near lows for the past two weeks, the dollar against the Japanese yen and Swiss franc, and so will have two weeks to high.

The stock market up

High oil prices on the Taiwan stock market diving formed a direct positive, the U.S., Asia-Pacific and European stock markets over the past two days have made a positive response, especially airline stocks. High oil prices will weaken corporate profitability, while pushing up inflation.

On the 22nd New York close, the three main Wall Street index rose 1 percent. The Standard & Poor's 500 index rose 1.4 percent to 1,277 points, on the 15th of this month lows the past three years has rebounded 5.1 percent. The Dow rose 135.16 points, or 1.2 percent, to 11602.5 points. The Nasdaq composite index also rose 1.1 percent to 2303.96 points.

Yesterday, the Asia-Pacific stock market gains also Ruchao. Japan's stock market closed on the 23rd move up the second consecutive day, stock prices rose to two-week high. The Nikkei 225 index rose 1 percent, at 13312.93 points, on the 7th highest closing price since. Korean stock market also rose nearly 2 percent, Seoul Composite Index was up 1.99 percent, at 1592.32 points, to July 3 the highest closing price since. Chinese Taipei weighted index closed at 7309.83 points, up 3.46 percent. On the 23rd Australian stock market closed up 2 percent, to 5105.3 points, after hitting a three-week intraday high of 5156.1 points.

In addition, the Hong Kong stock market opened higher yesterday also go high, to full-time closing high of 23134.55 points, the Hang Seng Index, rose 2.69 percent. State-owned Enterprises Index rose 3.26 percent.

Then the European stock markets closed generally rose, up to yesterday - 16:40, the three major European index gains were more than 1.5 percent, including Paris, the stock market rose 1.7 percent, the London stock market rose 1.7 percent, Frankfurt stock market rose 1.5 percent.

In addition to the continued rebound in financial stocks, airline stocks leading the stock market to become the biggest bright spot, of course, oil prices plummeted to Baidoa thanks. U.S. stocks closed on the 22nd, United rose 69 percent, to 8.41 U.S. dollars. JetBlue Airlines was up 16 percent, 59 percent of the U.S. aviation Hurricane. Yesterday, the stock market in the Asia-Pacific, Korean Air and Asiana Airlines, and other stocks generally rose more than 3%. Shipping stocks have also strengthened. Hong Kong-listed Cathay Pacific Airways rose 6.25 percent.

Yesterday morning in Europe, Europe's largest airline Air France to lead the major stock market higher, Air France shares were up 3.8 percent. British Airways also jumped 5 percent.