[每日摘要]20070911

NEWS:

 

 * Italy 2Q GDP +1.8% yoy, +0.1% qoq

 * Norway Auf CPI +1.8% yoy

 * UK Aug factory gate prices +0.1% mom, +2.5% yoy

 * UK July house prices +2% mom, +12.4% yoy

 * Turkish growth slows in qtr to lowest since 2002

 * ECB's Hurley, growth f'cast is favorable, sees higher uncertainty than usual

 * FED's Lockhardt, data now show jobs began to soften in June, concern for dollar sell off exaggerated, job data must be taken seriously, consumer spending data also critical

 * IMF's Deppler, european growth to be slower than f'cast

 * FED's Yellen, sees significant downside pressure on economy demand, hard to have confidence about likely outlook, housing has weakened substantially prior to crisis, takes a long time for house prices to adjust, FED must note policy affects economy with a lag, in past sometimes financial turmoil receded quickly, in 1998 growth turned out to be robust

 * IEA Director Tanaka, high oil price may slow world economy

 * White House Lazear, we are at mature phase of business cycle, odds of recession are not up significantly

 * Fed's Fisher, still assessing impact of market rout on economy, he still hears reports of labor shortages, sees marginal improvement on inflation outlook, tight credit has not had major impact outside housing, calls Aug jobs report occasional discordant note

 * Trichet, Europe economic uncertainty rising significantly, FED sees fallout from US economy from crisis

 * Ex-Treasury official Taylor said the FED will cut by 25 bp

 * White House Hubbard, US economic cycle very mature, occasionally there will be reductions in job growth, sees signs economy will continue to expand

 * Oil rises to 6 week high on signs OPEC will keep output quotas

 * NOK at 1 year high as inflation accelerates