澳洲新闻 (ABC新闻快递) 2014-09-07

 A resources expert is warning iron ore prices will continue to slide. The benchmark iron ore price has hit a five-year low overnight of 84 US dollars and 30 cents a ton.

 

Quentin Grafton, a Professor of Economics at the Australian National University says the long-term trend is likely to be lower prices. He says the Chinese economy poses a risk to Australia.

 

There is a fragility in the Australian economy that a lot of people don't understand, do not appreciate that we need to be cognitive¹ at the back so there is not a business as usual I thought I can say. We need to lift out again. Otherwise there will be shots coming our way and you will be … 

 

Falls in the iron ore price weighed on mining stocks and in turn the broader market: 

 

The All Ordinaries Index fell by point six percent, as the ASX 200. The HP and Reo Tinto lost over one percent each; Fortescue Metal was down over three percent. The gold miners lost ground. Telstra reversed earlier gains. The Australian Dollar is worth 93.45 US cents. 

 

The European Central Bank has surprised analysts² with another cut to the official Euro-Zone interest rate. The 10-basis-point cut takes the official rate to almost nothing, at 0.05%.

 

The ECB has also launched an asset purchase program to buy debt products from banks but it has stopped short of adopting the quantitative³ easing used by the US Federal Reserve.

1 cognitive   

adj.认知的，认识的，有感知的

参考例句：

• As children grow older,their cognitive processes become sharper.孩子们越长越大，他们的认知过程变得更为敏锐。
• The cognitive psychologist is like the tinker who wants to know how a clock works.认知心理学者倒很像一个需要通晓钟表如何运转的钟表修理匠。

2 analysts   

分析家，化验员( analyst的名词复数 )

参考例句：

• City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
• I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。

3 quantitative   

adj.数量的，定量的

参考例句：

• He said it was only a quantitative difference.他说这仅仅是数量上的差别。
• We need to do some quantitative analysis of the drugs.我们对药物要进行定量分析。