Moscow News (Moscow, Russian Federation)

Yesterday at an expanded session of Congress, US President Barack Obama expressed his disappointment with the national economy, a problem which is threatening his political career.

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Switzerland has instigated a new round in the global “currency wars” after fading economic growth gave politicians power to call for intensified efforts on an easing program.

Philipp Hildebrand’s success in bringing the Swiss franc down to its lowest level in seven weeks may turn out to be fleeting, since options prices are serving as his guideline.

Given the lack of market news coming out of the US on this Labor Day holiday, Europe has entertained us with several important events.

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Ahead of the publication of the US Department of Labor’s August jobs report, stocks in Europe and Asia fell along with American futures and gold prices.

US stocks rose during trading in New York yesterday, forming a peak in the best eight-day growth for the Standard & Poor’s 500 Index since 2009 amid expectations that the economy will continue to recover.

American treasury obligations increased in price, steadily moving to a record-high price last seen in December 2008. Yields on 10-year American government bonds fell 2 basis points and are currently at 2.16%.

The recently published minutes from the FOMC's last meeting revealed that its members discussed ways to promote economic recovery and employment, while possibly laying a foundation for action in their next meeting scheduled for the end of September.

On the eve of publication of data on housing prices, DT Trading economists are predicting the biggest drop in a year ending in June, which assumes stagnation in the housing market and a continuing slow recovery in the US.

The heads of the world’s central banks gathered in Jackson Hole, Wyoming last week and seemed to agree that monetary policy itself cannot maintain global economic growth.

he Chicago Mercantile Exchange has again raised margin requirements on gold after the price on the most popular hedging asset reached the psychological $1900/oz mark.

Yesterday, gold demonstrated its biggest intraday fall since 2008. Treasury obligations also fell while stocks in New York rose after publication of data on durable goods and real estate prices.

While the world awaits negative news from Europe and Germany, the producer of elite automobiles based there - Audi AG - is hiring workers to increase its production.

US Vice-president Joe Biden met with his counterpart Xi Jin-Ping and other Chinese leaders in Beijing over the weekend and again told his Chinese colleagues that their investment in American treasuries are and will continue to be safe.

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Demand for gold as an investment good fell 17% in the second quarter of 2011 compared to a year earlier.

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Today, Asian stock exchanges are trading in the negative for the first time after three straight days of growth.

Yingluck Shinawatra has become Thailand’s first female prime minister and has immediately attracted attention with her promises to increase incomes for the country’s agrarian farming population.

US stock indices rose yesterday, winning back losses from last week amid $21.5 billion worth of purchases and acquisitions, as well as reevaluations of assets to the lowest levels in about two years.

The Asia-Pacific region attracted some attention this morning as it became apparent that Japan’s economy is not in quite such a terrible situation as economists expected in their second quarter assessments.

Yesterday, the world's major ratings agencies confirmed France’s top-tier credit rating after the average yields on the country’s debt securities went up amid fears that the European sovereign debt crisis is worsening.

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All-over-IP 2011 (www.all-over-ip.ru/eng) introduces an internationally recognized keynote speaker and unified communications expert – Stefan Karapetkov, Emerging Technologies Director at Polycom, Inc. (San Jose, CA, USA).

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Innalabs has successfully completed the development of its new solid-state Coriolis Vibratory gyroscope INL-CVG-GU200/100 having tactical-grade performance with the highest Bias stability and the lowest noise among other gyros on the market.

Entensys, a leading software developer dealing in Internet security solutions, is glad to announce the release of its new version of the software product: GateWall DNS Filter 2.0.

In the latest negative news coming out of the US, ratings agency Standard & Poor’s has downgraded the US’s AAA credit rating for the first time since the country received the top-tier rating in 1949.

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NetUP first to develop the IPTV solution based on Android. It is the NetUP IPTV Middleware server with a number of connected Android-based IP set-top boxes. There is the NetUP.tv application installed on each IP set-top box.

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Yesterday’s trading saw two records set – the Dow Jones Industrial Index dropped 166 points to 11703.10 as of 9:30AM in New York, the ninth time in a row and the longest drop since 1978, when oil prices went through the roof.

The stock market has collapsed: the S&P 500 Index is currently showing the biggest intraday drop of 2011 at the same time that yields on treasury obligations fell to their lowest level since November of 2010.

The US House of Representatives has finally agreed on a bill to raise the country’s debt ceiling $2.1 trillion and cut federal spending by $2.4 trillion, a mere one day ahead of the threat of a default.

Democratic Senate Majority Leader Harry Reid approved a preliminary agreement with Republican leaders and the Obama administration to raise the US government’s debt ceiling.

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US stock markets are down, and the S&P 500 Index has been in a depression for the fourth day in a row.

Trading in America has been sinking slowly and dragging the S&P 500 Index down with it, to the lowest level in almost two months. Bonds and commodities futures collapsed, while the storm clouds of a possible impending US default are gathering.

The US dollar was trading 0.2% above its record high against the Swiss franc before the US House of Representatives voted on a plan to cut government spending in exchange for raising the country’s debt ceiling.

American assets fell today, pulling the S&P 500 Index down from a 2-week high, while treasury bonds and commodities futures fell together after negotiations on the US government’s debt ceiling continued.

Today, Speaker of the House John Boehner announced to legislators that he favors adding a short-term increase to the country’s debt limit over President Barack Obama’s proposed solution to the US’s debt problem.

European leaders redoubled their efforts to resolve the sovereign debt crisis in the Euro zone which has been going on for 21 months now, in order to relieve some of Greece’s debt burden.

Yesterday Apple, the leading producer of high-tech electronic gadgets and applications, reported record third quarter profits.

It was reported today that European banks will likely have to raise up to €80 billion ($113 billion) of additional reserves to cover possible losses, since the stress tests performed on them have failed to reassure investors.

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Today, the upper house of the Italian parliament voted 161 versus 135 to approve a budget austerity plan proposed by Prime Minister Silvio Berlusconi that would cut the federal budget drastically by 2014.

While Europe and America work out their debt problems, the rest of the world is going about its business and showing steady growth.

It seems the world has already grown tired of the continuous stream of negative macroeconomic news, although the real troubles are only just beginning.