The confidence of global business leaders plummete

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Sudden drop in confidence in the global business leaders

SachsConfidenceIndex) The first week of August at the International} Health Survey is based on chief executives assessment of business conditions compiled from being described as an important indicator of business confidence. Latest survey shows that optimism following the data in the past few quarters, the business prospects of the third quarter of this year,[link widoczny dla zalogowanych], CEO confidence has dropped significantly. The third quarter of this year,[link widoczny dla zalogowanych], the overall reading of the global business outlook 33, 57 in the second quarter dropped significantly. Confidence index also showed that plant and equipment capital spending was almost unchanged. Capital spending in this area is the traditional profit and economic growth momentum. OPEC: 2007 global oil demand in the second half is expected to reduce the Petroleum Exporting Countries (OPEC) 14 released in August said monthly oil market report said the global economic slowdown and the subprime mortgage market crisis will lead to reduced oil demand in the second half of 2007. The report also reiterates its previous view that the major oil consuming countries adequate inventory. This is also in the Sept. 11 OPEC supply policy meeting held before the last monthly report. Deterioration of credit conditions due to fears that the U.S. economic slowdown and the global market will result in more serious impact, U.S. crude oil prices since August 1 high of $ 78.77 hit / barrel to 72 dollars / barrel. OPEC ~ report that the economic decline in recent weeks, crude oil demand will hit in the second half. The report also will be the fourth quarter of global crude oil demand forecast OPEC raised to 3132 million barrels / day, compared with July forecast by 19 million barrels / day. Reported that strong demand for Japanese power plants, global oil demand in 2007 will increase 130 million barrels / day,[link widoczny dla zalogowanych], an increase of 1.5%, slightly higher than previously forecast. The report notes that the OECD (OECD) nearly 10 years of total crude oil stocks up,[link widoczny dla zalogowanych], U.S. inventory levels are also very impressive, should be able to meet the global demand for crude oil inventory levels. International Energy Agency (IEA) has repeatedly asked OPEC to increase crude oil production,[link widoczny dla zalogowanych], but was rejected. Overseas Economic Review 33