31. Financial markets tend to set aside food and energy price changes and focus on the figure known as core inflation. 32. The Hong Kong market tends to follow interest rate movements in the United States because the Hong Kong dollar is pegged to the U.S. dollar. 33. There could be some choppy action again today, however, since the market does tend to be somewhat volatile ahead of a triple-witching session. 34. These alternative markets tend to make the Chinese less dependent on their exports to the US, which is not the case with most of the other Asian nations. 35. When trade tensions rise, markets tend to apply downward pressure on the dollar. 36. But Gazzi says the cycle may be hard to avoid, although in the long run the market tends to settle. 37. More sophisticated financial markets also tend to allow firms to raise debt levels, Greenspan said. 38. Merrill Lynch said that the market was overvalued in the short term, but it added that in the medium term, the market would tend to rise. 39. The market tends to feel that the scope of the decision is too modest to have any big effect on the economy - marked by stagnation and high unemployment. |