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The European central bank (ECB) Thursday rate by 25 basis points, although the euro area still face Greece, edge national sovereignty of debt crisis threat, Mr Trichet governor still decided to raise benchmark interest rates higher than the goal against inflation.
On Thursday, the European central bank will be increased to 1.5% of the benchmark interest rate of the market expected move, the European central bank recently released "strong on inflation often early warning" information indicates that it is imperative to raise interest rates.
German Holger Schmieding Berenberg bank economists said: "this is no surprise in the euro zone economic expansion rate has appeared in the first half of the circumstances beyond speed, inflation has exceeded targets in the background, the European central bank raised interest rates of the pace is adequate."
The eurozone inflation to 2.7% in June, less than expected, but still significantly higher than the European central bank's 2% target. The European central bank say that if the market in the Greek crisis will keep interest rates unchanged to consider the impact of financial market.
Europe's recent economic indicators disappointing, the latest industrial orders index below expectations, and service industry growth data also show significantly.
European central bank President is scheduled for GMT (Beijing time) at 12:30 played held a press conference to market to Mr Trichet's speech, to get to know the current slowdown in Europe, is a sign of "weak" or are more obvious in the worse.
On Thursday, the European central bank will be increased to 1.5% of the benchmark interest rate of the market expected move, the European central bank recently released "strong on inflation often early warning" information indicates that it is imperative to raise interest rates.
German Holger Schmieding Berenberg bank economists said: "this is no surprise in the euro zone economic expansion rate has appeared in the first half of the circumstances beyond speed, inflation has exceeded targets in the background, the European central bank raised interest rates of the pace is adequate."
The eurozone inflation to 2.7% in June, less than expected, but still significantly higher than the European central bank's 2% target. The European central bank say that if the market in the Greek crisis will keep interest rates unchanged to consider the impact of financial market.
Europe's recent economic indicators disappointing, the latest industrial orders index below expectations, and service industry growth data also show significantly.
European central bank President is scheduled for GMT (Beijing time) at 12:30 played held a press conference to market to Mr Trichet's speech, to get to know the current slowdown in Europe, is a sign of "weak" or are more obvious in the worse.
The ministry of commerce recently monitoring data shows, June 27 to July 3, cereals, oils and retail price stability have rise, rapeseed oil, peanut oil up 0.3% and 0.1% respectively; Soybean oil and a week before the flat.
In fact, the momentum of micro rise from "51" began to spread, since there has been a recent trend of the accelerated gains. The ministry of commerce nearly two months data shows, peanut oil in the month of may are only a week rose 0.1%, but in the past few weeks, repeatedly, the 0.7% increase is 0.3%. Canola also by the 0.1% increase to expand 0.2%, nearly two weeks to expansion to 0.3%.
Though only 0.1%-0.3% a week closed up to differ, but peanut oil, rapeseed oil accumulation during the increase has more than 2%, the accumulation of soybean oil rose by more than 1%.
Guangzhou bureau of price monitoring center monitoring shows, guangzhou grain and oil prices were flat in three weeks.
But yesterday, the responsible market, guangzhou reporter found that the price of cooking oil was stirring. Near the top of the supermarket trust-mart hillock of cooking oil price is part of the brand last month or obvious. Among them, 4 liters HuJiHua outfit, fragrant oil source, the biggest increase in June rose to 79.9 yuan RMB 92 yuan, or the yesterday as high as 12.1 yuan. Golden arowana blend also have different amplitude rise.
But most breeds cooking oil prices remain stable, or still have sales promotion figure. For example, 5 litres of LuHua peanut oil with the original price 124.80 yuan, present price $111.90; 5 litres of dragon fish with gold deep sea fish blend the original price 79.59 yuan, present price of 75.10 yuan.
Enterprise prices expected strong
In late June, the national development and reform commission has a baseline national edible vegetable oil inventory, at that time, have the estimate, the baseline, the country will make new cooking oil control policies. But so far, the relevant policy has not yet come.
Guangzhou futures analysis (zone) QinHaiYin says the blog, July-September soybean is the easiest to be the season of hype. China's soybean mainly comes from the United States, this season since the import of soybeans or increase the cost, soybean oil will also be affected. At the same time, the latest research report, domestic soybean production this year will fall 20%-30%. Therefore, the national development and reform commission a baseline inventory, ready to control need.
On the other hand, soybean processing enterprise cost high, grease enterprise, there are also strong rising expectations.
Guangdong food industry association DongFuSheng said, cooking oil market really control is foreign capital enterprise, foreign accounts for about 80% for market share, small companies only big brand lead.
A small brand cooking oil enterprise said: "price is not to want to mention can carry. Our price is to emulate, they rose gold dragon fish, we will follow up, they have not risen, we profit again low or even a loss also dare not to rise.
In fact, the momentum of micro rise from "51" began to spread, since there has been a recent trend of the accelerated gains. The ministry of commerce nearly two months data shows, peanut oil in the month of may are only a week rose 0.1%, but in the past few weeks, repeatedly, the 0.7% increase is 0.3%. Canola also by the 0.1% increase to expand 0.2%, nearly two weeks to expansion to 0.3%.
Though only 0.1%-0.3% a week closed up to differ, but peanut oil, rapeseed oil accumulation during the increase has more than 2%, the accumulation of soybean oil rose by more than 1%.
Guangzhou bureau of price monitoring center monitoring shows, guangzhou grain and oil prices were flat in three weeks.
But yesterday, the responsible market, guangzhou reporter found that the price of cooking oil was stirring. Near the top of the supermarket trust-mart hillock of cooking oil price is part of the brand last month or obvious. Among them, 4 liters HuJiHua outfit, fragrant oil source, the biggest increase in June rose to 79.9 yuan RMB 92 yuan, or the yesterday as high as 12.1 yuan. Golden arowana blend also have different amplitude rise.
But most breeds cooking oil prices remain stable, or still have sales promotion figure. For example, 5 litres of LuHua peanut oil with the original price 124.80 yuan, present price $111.90; 5 litres of dragon fish with gold deep sea fish blend the original price 79.59 yuan, present price of 75.10 yuan.
Enterprise prices expected strong
In late June, the national development and reform commission has a baseline national edible vegetable oil inventory, at that time, have the estimate, the baseline, the country will make new cooking oil control policies. But so far, the relevant policy has not yet come.
Guangzhou futures analysis (zone) QinHaiYin says the blog, July-September soybean is the easiest to be the season of hype. China's soybean mainly comes from the United States, this season since the import of soybeans or increase the cost, soybean oil will also be affected. At the same time, the latest research report, domestic soybean production this year will fall 20%-30%. Therefore, the national development and reform commission a baseline inventory, ready to control need.
On the other hand, soybean processing enterprise cost high, grease enterprise, there are also strong rising expectations.
Guangdong food industry association DongFuSheng said, cooking oil market really control is foreign capital enterprise, foreign accounts for about 80% for market share, small companies only big brand lead.
A small brand cooking oil enterprise said: "price is not to want to mention can carry. Our price is to emulate, they rose gold dragon fish, we will follow up, they have not risen, we profit again low or even a loss also dare not to rise.