Global Market Respons The Fed Action, UK House Prices Fallen, Singapore Non-Oil Exports Fall More Than Expected

Great days friends, Singapore Non-Oil Exports Fall More Than Expected, Singapore's non-oil domestic exports (NODX) declined more than expected in August due to decrease in both electronic and non-electronic shipments, data released by International Enterprise Singapore showed Monday

From British economic news, UK House Prices Post Biggest Aug. Drop As Olympics Deter Home Buyers, House prices in the U.K. fell for a second consecutive month in August, recording the biggest-ever fall for the month as home buyers disengaged themselves from property search during key Olympic events. New sellers' reduced asking prices by an average 2.4 percent from a month earlier to GBP236,260 in August, Rightmove said Monday. This followed a 1.7 percent dip in July and was the the largest August fall Rightmove has ever recorded

The Fed action of last week was termed as revolutionary by some. Although Fed Chairman Ben Bernanke acknowledged that inflationary expectations were stable and deflationary risks prevail, insufficient economic growth has promoted the central bank to announce QE III measure.

The Fed movement is really bold move, This bold move has prompted BMO Capital Markets to expect more from the Fed until the unemployment rate begins to move in a downward trajectory and drops off to no higher than the mid-to-low 7 percent range