Arakan

The land that is known as Arakan by the foreigners is called Rakhaing-pray by its own people, Rakhaing-thar (Arakanese) who were titled this name in honour of preservation on their national heritage and ethics or morality.

Stock markets rise on hopes of more US Fed stimulus

Posted by Arakan Indobhasa Tuesday, August 23, 2011

Ben Bernanke US Federal Reserve chairman, Ben Bernanke, is thought to be pondering more quantitative easing
Stock markets and gold prices have risen, while the dollar has fallen, as markets anticipate further stimulus measures by the US Federal Reserve.
European markets were up 0.7%-1.3%, while gold hit a new record. The main US index, the Dow Jones, rose 1.3%.
The Fed's chairman, Ben Bernanke, is widely expected to discuss further stimulus actions in a speech on Friday.
This may involve more "quantitative easing" - buying up US debt to inject more cash into the financial system.
The Fed has already carried out two rounds of quantitative easing (QE), to stabilise the 2008-09 financial crisis, and more recently to boost the flagging recovery.
Earlier this month, the US central bank also took the unusual step of saying that it expected to keep short-term interest rates close to zero until 2013.
On Friday, Mr Bernanke will give the keynote speech at the annual meeting of central bankers at Jackson Hole in Wyoming.
The second round of QE and the interest rate commitment were hinted at by Mr Bernanke when he spoke at the same event last year.

Dubai Gold Futures $/oz

Last Updated at 23 Aug 2011, 06:45 GMT Dubai Gold Futures twelve month chart
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Dollar vs gold?
The price of gold briefly rose above $1,900 an ounce for the first time during Asian trading hours, setting a new all-time high of $1,913.50.
Gold, which is viewed by investors as a haven investment, has been boosted both by anticipation of QE - which is expected to erode the value of the dollar - as well as recent signs of weakness in the US and European economies.
"If they push through with more stimulus, gold could rise even further," said Colin Whitehead of Fat Prophets.
He explained that a fresh stimulus package would mean that the US would have to print more money to boost liquidity in the markets, which in turn could see the US currency weaken further.
"The underlying driver of gold prices is the depreciating US dollar value," he said, "so the more money they print, the stronger gold gets."
However, following the open in Europe stocks rallied strongly, while the gold price fell back somewhat, with the London morning price fixing at $1,886.50 an ounce.
The spot price of gold had fallen back to $1,875.69 by afternoon trading in Europe.
Gold bars Demand for traditional haven assets such as gold rises during times of economic uncertainty
Analysts say that the previous round of QE boosted share prices, as investors sought to reinvest the cash received in return for debts sold to the Fed.
Meanwhile, the dollar fell against most currencies in Tuesday morning trading.
The euro rose 1.2 cents against the dollar, to $1.448, although some of the gains were due to industry surveys that revealed that eurozone manufacturing and services were not performing as badly as expected.
Libya uncertainty Meanwhile, oil prices also rose in Tuesday morning trading, because of continued fighting in Libya and expectations that official figures will show a decline in US crude stockpiles.
Brent crude was up 10 cents to $108.44 a barrel, while US light crude advanced 38 cents to $108.74.
"It could take months before oil can start to flow again from Libya," said John Vautrain, oil analyst at energy consulting firm Purvin & Gurtz.
"I think there was a lot of euphoria on Monday. But the whole country is not completely pacified yet and we don't have an organised government. A lot is lacking."

http://www.bbc.co.uk/news/business-14625918

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