MSI GLOBAL

	MARKET WATCH ECB supporting banks and fiscal adjustment Fed does not need QE3 East Asia's loose monetary policies Gold prices responding to geopolitical instabilities Français 日本語


Australia needs further rate cuts China's growth increasingly driven by domestic demand India's inflation is too high Indonesia remains on a steady growth path Malaysia's economy driven by easy money and large net exports Philippines' strong recovery set to continue South Korea needs tighter credit to tame inflation		Argentina's stabilizing growth Brazil's slowing inflation may lead to further credit easing Chile's large reconstruction effort Mexico's continuing recovery Economic indicators for major financial markets

US banks' weak consumer lending
despite huge excess reserves

Germany's trade surpluses: a serious
problem for its Eurozone partners

Japan's excessive reliance on exports
will lead to recessionary relapse

China's economic growth increasingly
generated by domestic demand

A weaker euro is an opportunity to buy
Eurozone's bluechips

East Asia's loose monetary policies
will lead to rising inflation

Gold prices reflecting dangers of
geopolitical instabilities

ECB will continue to support Eurozone's
banking system

America's low labor costs will keep
boosting corporate profits

Brazil has room for further interest
rate cuts

The U.S. economy is responding to very
expansionary monetary policies

Japan's economy should rely more
on domestic demand

Germany's growth pushed down
by shrinking Eurozone markets

France's economy has slipped into
a deepening slowdown

Italy's broadening economic recession

Britain's huge fiscal deficits will continue
to depress demand and employment

Russia's economy supported by
strong public spending

Canada's recovery will benefit from
a gradual rebound of U.S. economy

Hungary's deteriorating budget balances

Netherland's deepening recession

Poland's worsening trade and
budget balances

Portugal's fiscal consolidation is
depressing jobs and income

Spain's spending cuts and tax hikes
causing deepining recession

Sweden should cut interest rates to
support its weakening economy

Switzerland could cut taxes to prevent
recessionary slippages