CHONGQING Cheap
Jonathan Drouin Jersey , March 29 (Xinhua) -- Southwest China's Chongqing
city will build a museum featuring history and objects related to weapon
production during the country's war against Japanese troops from 1931 to 1945.
The facility, with a planned exhibition area of 12,000 square meters, will be
constructed based on the ruins of a wartime ordnance manufacturing site
encompassing 25 production units in today's Jiulongpo District.
Over 40,000 exhibits, to be held in eight
halls Cheap
Carey Price Jersey , will debut when the museum opens during National Day
holiday in October.
Chongqing used to be a major production base for all kinds of weapons,
including cannons, grenades and guns, during the 14-year Chinese People's War of
Resistance Against Japanese Aggression starting in 1931.
By Xinhua Writer Sun Oumeng
NEW YORK, Sept. 20 (Xinhua) -- U.S. stocks wavered in a narrow range on
Wednesday, with the Dow and S&P 500 closing at record
highs Cheap
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to unwind its 4.5-trillion-U.S.-dollar balance sheet from October, a further
step to end the loose monetary policy.
The Dow Jones Industrial Average added 41.79 points, or 0.19 percent, to
22,412.59. The S&P 500 inched up 1.59 points, or 0.06
percent Adidas
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Many analysts said the central bank's announcement wasn't very surprising,
and financial markets seemed steady after the statement.
The financial market's reaction to the Fed's latest decision was relatively
muted as the announcement was generally in line with Wall Street's expectations,
Omair Sharif, senior U.S. Economist at Societe Generale, told Xinhua Wednesday.
He also mentioned an October start date by the Fed has a few advantages.
After the Fed's
announcement Adidas
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indices.
"With markets already keenly aware of the Fed's plan on tapering its holdings
going forward, starting the process in October allows Fed officials to put the
program on auto-pilot and refocus squarely on the economic fundamentals, which
will be increasingly necessary given that the data are likely to be choppy in
the wake of the hurricanes," said Sharif.
The CBOE Volatility Index, widely considered the best gauge of fear in the
market Adidas
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"The risk for the FOMC (Federal Open Market Committee) in the balance sheet
is in how it moves credit - particularly the Mortgage Backed Security market.
The owning of U.S. Treasury Bonds is less problematic," Robert Savage, CEO of CC
Track Solutions, told Xinhua.
"Both will have an effect on the market and it will be a de facto tightening
of credit and lifting of rates but how much is unknown, so the plan is to do
this slowly - which may be fine and likely will be ignored by the market until
suddenly it matters - so my feeling is that this will matter in 2018 not
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Even though analysts concerned about market sensitivity, they saw continued
momentum for equity valuations through further improved corporate earnings.
"We maintain our positive view on equities and have recently increased
allocations given improving earnings per share, support from fiscal stimulus and
Fed dovishness," Humberto Garcia, Head of Global Asset Allocation for Leumi
Investment Services Inc., said in a note.
Meanwhile Authentic
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this time, as investors widely expected. Now, traders shifted their focus to
when will be the Fed's next move on hiking interest rate.
"I think the next risk for a hike is December - the data dependency is on
inflation and the way that the FOMC looks through the storm noise on food and
energy prices," said Savage.
According to the CME Group's FedWatch tool, investors now see a 70.5 percent
chance of a rate increase by the end of December.
The value of the U.S. dollar is likely going up - particularly if the FOMC
raises rates in December and the U.S. economy grows over four percent in the
last quarter this year, he added.
The dollar
index Authentic
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increased 0.83 percent at 92.558 in late trading on Wednesday, after the Fed's
announcement.
However, some analysts still took more cautious assumptions and anticipated
there will be no more hikes this year.
"History has shown interest rate hikes to be the most reliable instigator of
recession, yet despite the length of current recovery, the Fed's stance appears
to remain
dovish Jonathan
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increased until well into 2018," said Garcia.
Sharif said the Fed's decision provides a buffer between the start of the
tapering process and the December FOMC meeting, giving the Fed some time to
gauge the market's reaction before deciding on a December hike.
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