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U.S. stocks are expected to help the automotive industry has been rising strongly

    NBD News: U.S. stocks rose strongly on Tuesday, regaining some lost ground yesterday's plunge, the Dow fell 680 points yesterday. Car manufacturers to submit to Congress a plan to restore profitability of the business in order to obtain government assistance.glue stick The Dow rose 3.3%, the S & P 500 index rose 4%, the Nasdaq rose 3.7%.

    General Motors and Ford to the Congress an overview of 25 billion U.S. dollars if the use of government loan programs. glue gun Ford asked for $ 9,000,000,000 loan, said it would mainly develop fuel-efficient cars and reduce the number of dealers and other measures to enable the company to at least break even by 2011. GM asked for $ 12,000,000,000 $ 6,000,000,000 Loan and Credit, General Motors plans to repay the loan from 2011.

    Monday plummeted because of poor economic indicators, coupled with the U.S. Bureau of Economic Research (NBER) confirmed that the U.S. has fallen into recession, which makes throwing a single large-scale emission. NBER says, in fact, since the U.S. began declining last year, although the classic economic indicators do not support this view. U.S. GDP for the four quarters of negative growth last year, but subsequently became positive growth, said the book does not meet the "two consecutive quarters of negative growth recession" in the definition.

    Federal Reserve Chairman Ben Bernanke's remarks last night, bring some positive expectations, he said, the possibility of using this "non-traditional measures" to stimulate the economy. Another positive is expected to cut interest rates, current market forecasts in mid-December the Fed may cut interest rates 50 basis points.

    These two incidents are related, the U.S. current interest rates to 1%, if the reduction of 50 basis points to 0.50% into the future monetary policy will be lack of space, at most a further reduction of interest rates to 0.25%. When monetary policy is invalid, then have to use some "non-traditional methods," such as similar to Japan in 2001 to 2006 using the so-called "quantitative easing (quantitativeeasing)" approach.

    Ibid time, European shares . Asia-Pacific stock markets on Tuesday Pudie. (Each by a reporter Zheng Buchun)

    Summary: automobile industry is expected to be U.S. stocks posted strong gains relief.

    U.S. stocks posted strong gains on Tuesday, regaining some lost ground yesterday's plunge, the Dow fell 680 points yesterday. Car manufacturers to submit to Congress a plan to restore profitability of the business in order to obtain government assistance. The Dow rose 3.3%, the S & P 500 index rose 4%, the Nasdaq rose 3.7%.

    General Motors and Ford to the Congress an overview of 25 billion U.S. dollars if the use of government loan programs. Ford asked for $ 9,000,000,000 loan, said it would mainly develop fuel-efficient cars and reduce the number of dealers and other measures to enable the company to at least break even by 2011. GM asked for $ 12,000,000,000 $ 6,000,000,000 Loan and Credit, General Motors plans to repay the loan from 2011.

    U.S. auto sales fell sharply in November, GM car sales fell by 41%, Ford sales dropped 31%, Chrysler down 47%, Toyota dropped 34%.

    Oaktree Asset Management strategist Robert - Puff Creek (RobertPavlik) said, "In the long run, the global economic situation is still deteriorating, the outlook is very bleak. Although the market has digested a lot of bad news, but anyway, the current stock market The increase is only a bear market rally. "

    Federal Reserve emergency loan scheme will be three from the 30 January deadline extended to April 30, making the other three plans and the Federal Reserve program aimed at thawing the credit crisis consistent with the due time.

    Chicago retail research firm ShopperTrakRCTCorp. Said Tuesday after the Thanksgiving holiday in two days time, U.S. retail sales rose 1.9%; in after November 29 of the sales decline to further strengthen the "Black Friday" after the retail sales The weak performance.

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