CRUDE OIL MARKET YEN AS UNEMPLOYMENT RATE INCREASE THE FED
Toyota reported an annual net profit rose 6.4% to 2:31 trillion yen, up from 2:17 trillion Japanese Yen. But Toyota expects to take on an assumed exchange rate of Japanese Yen 105 against the US dollar, then the estimated net profit slumped 35.1%.In the US, which is the largest market share of Toyota sales in April increased by 3.8% during the month of March, in line with the growth of the automotive industry amounted to 3.6%. SUVs like the Highlander and RAV4 reportedly showed large sales.Since the trend of the weakening yen at the end of 2012, profit Toyota and most Japanese automakers skyrocketed, but since the end of 2016, the movement of the Yen exchange rate has changed the trend, estimated to have a major impact on Toyota, but the impact of the strengthening of the Japanese Yen is expected to start eating away record of such earnings, because during this time the pace of Toyota's profit boosted by a weaker yen and solid demand in the United StatesThe crude oil market through choppy trade on Thursday managed to close higher thanks to the optimistic projections of international energy consulting firm. Crude oil prices touched new highs in 2016 at $ 47 per barrel as the dollar hurt by the rise in weekly jobless claims report.Crude oil prices closed at $ 46.39 per barrel in trading on Thursday (12/5) or an increase of 0.87% compared to the closing price of the previous session. Potentially weakening crude trading for the short term with immediate support seen in the nearby area 45.70 while immediate resistance is in the range of 47.00.President of the Federal Reserve of Kansas City, Esther George urged the US central bank to raise interest rates to prevent any possible asset price bubble.I think tingat current interest rates are too low for this economic condition, according to George. Sensitive sectors associated with interest rate can carry the debt burden is too much as the low interest rates and growing fast, and then reduced drastically, he added.The Federal Open Market Committee was mempertimbangakn time of rising interest rates for the second time following the first rise in December. Fed officials, ranging from Dennis Lockhart and John Williams both said further rises should happen at the FOMC meeting in June.
#CRUDEOIL #MARKET #YEN #AS #UNEMPLOYMENT #RATEINCREASE #THEFED
Toyota reported an annual net profit rose 6.4% to 2:31 trillion yen, up from 2:17 trillion Japanese Yen. But Toyota expects to take on an assumed exchange rate of Japanese Yen 105 against the US dollar, then the estimated net profit slumped 35.1%.In the US, which is the largest market share of Toyota sales in April increased by 3.8% during the month of March, in line with the growth of the automotive industry amounted to 3.6%. SUVs like the Highlander and RAV4 reportedly showed large sales.Since the trend of the weakening yen at the end of 2012, profit Toyota and most Japanese automakers skyrocketed, but since the end of 2016, the movement of the Yen exchange rate has changed the trend, estimated to have a major impact on Toyota, but the impact of the strengthening of the Japanese Yen is expected to start eating away record of such earnings, because during this time the pace of Toyota's profit boosted by a weaker yen and solid demand in the United StatesThe crude oil market through choppy trade on Thursday managed to close higher thanks to the optimistic projections of international energy consulting firm. Crude oil prices touched new highs in 2016 at $ 47 per barrel as the dollar hurt by the rise in weekly jobless claims report.Crude oil prices closed at $ 46.39 per barrel in trading on Thursday (12/5) or an increase of 0.87% compared to the closing price of the previous session. Potentially weakening crude trading for the short term with immediate support seen in the nearby area 45.70 while immediate resistance is in the range of 47.00.President of the Federal Reserve of Kansas City, Esther George urged the US central bank to raise interest rates to prevent any possible asset price bubble.I think tingat current interest rates are too low for this economic condition, according to George. Sensitive sectors associated with interest rate can carry the debt burden is too much as the low interest rates and growing fast, and then reduced drastically, he added.The Federal Open Market Committee was mempertimbangakn time of rising interest rates for the second time following the first rise in December. Fed officials, ranging from Dennis Lockhart and John Williams both said further rises should happen at the FOMC meeting in June.
#CRUDEOIL #MARKET #YEN #AS #UNEMPLOYMENT #RATEINCREASE #THEFED
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