Daily review 16/08/11
Google's purchase of last night dragged Wall Street rise and also affects the shares in Asia this morning.
Hong Kong climbs 0. 4% in Tokyo rising by 0.2% and the Wall Street Leading indices raise as well- NSDQ 1.88%, S&P 2.18% and DOW 1.90%.
BNP Paribas Investment Bank indicate a meeting of leaders of France and Germany crucial issue of the crisis in the euro area, so if they decide, as proposed by Italy, to issue bonds of the EU, this will help ease the crisis. Billionaire Warren Buffett has called on Congress to raise taxes for the wealthy people in the country to help reduce the U.S. budget deficit, and said it did not halt the growth of investment or jobs.
Cabinet of Italian Prime Minister Silvio Berlusconi confirmed the budget cuts worth 45.5 billion euros (64 billion$), in order to balance the budget and try and convince investors that the country can rein in its deficit, which is considered the second largest in the euro area.
As reported by the Bloomberg agency, the Italian ministers voted unanimously in favor of the austerity program.
European Central Bank spent a record on the purchase of bonds last week as he began to purchase bonds of Spain and Italy to stop the spread of the debt crisis.
Bank announced today that he bought bonds worth 22 billion euros (31.7 billion dollars) in the week ending on 12 In August.