Another factor that may help to boost the Europe over US play: positioning for the monetary policy divergence appears to be light so far, Goldman said, citing action in risk reversals, Goldman said.
It tips one of the most direct plays on the divergence between monetary policies in US and Europe is to just short the euro. Its 12-month forecast for the euro is for it to fetch USD 0.95, but that might be reached sooner if the ECB moves aggressively in December, Goldman said. The euro was fetching USD 1.0611 in early European trade Thursday.
From: http://www.moneycontrol.com/news/european-markets/goldman:-why-europe-will-outperform_4357441.html
5. Find English equivalents to the following words and expressions from the text:
6. Make an English annotation of the text (100–120 words).
7. Translate your English annotation into Russian.
8. Find Russian equivalents to the following words and expressions:
Adj. + market: competitive market, active market, booming market, bullish market, lively market, strong market, thriving market, bull market, rising market, depressed market, dull market, sluggish market, weak market, bear market, falling market, steady market, buyer’s market, seller’s market.
Verb + market: put sth. on market, come on/onto market, develop market, break into market, get into market, penetrate market, capture market, corner market, monopolize corner market, supply corner market, flood corner market, loose corner market, depress corner market, play corner market.
Phrases with market: be in the marker for something, the bottom’s dropped/fallen out of the market, a gap in the market, the bottom/lower/ top/upper end of the market.
9. Give a written translation of the following extracts from Russian into English:
1. В процессе исторического развития рыночного (товарного) хозяйства изменялось понимание рынка и рыночного механизма, их сущности, изменялся и сам рынок, его механизм, вырастала их роль в экономике. Изначально термин «рынок» означал место, где продавцы и покупатели могли совершать обмен своими товарами. Например, центральная площадь города.
2. Рынок устанавливает ценностные эквиваленты для обмена продуктов. При этом рынок сопоставляет индивидуальные затраты труда на производство товаров с общественным эталоном, т.е. соизмеряет затраты и результаты, выявляет ценность товара посредством определения не только количества затраченного труда, но и количества пользы, которую несет товар для общества.