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Now let’s move to finance. The chairman of the U.S. Federal Reserve says America’s economic recovery is being held back by Europe’s debt crisis. And Ben Bernanke has told a congressional hearing that the U.S. economy has slowed significantly in recent months.
“Reflecting its concerns about the slow pace of progress in reducing employment and downside risks to economic outlook, the Committee made clear at its June meeting that it is prepared to take further action as appropriate to promote a stronger economic recovery and sustained improvement in labor1 market conditions. Europe’s financial markets and economy remain under significant stress, with spillover effects on financial and economic conditions in the rest of the borrowers, including the United States. Moreover, the possibility that the situation in Europe will worsen further remains2 a significant risk to the outlook.”
That’s Ben Bernanke. Let’s go to the market. The Dow rose 78 points. The NASDAQ gained 13. The S&P500 also improved. But in London, the FTSE shed 33 points. Checking commodity markets, West Texas crude is trading at 89 U.S. dollars and 5 cents a barrel. TAPIS crude is at 107 U.S. dollars and 1 cent a barrel. And gold is at 1582 U.S. dollars an ounce. The Australian dollar has firmed, is also buying 84 Euro cents and 66 pence sterling3.
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1 labor | |
n.劳动,努力,工作,劳工;分娩;vi.劳动,努力,苦干;vt.详细分析;麻烦 | |
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2 remains | |
n.剩余物,残留物;遗体,遗迹 | |
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3 sterling | |
adj.英币的(纯粹的,货真价实的);n.英国货币(英镑) | |
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