Tag Archives: Euro
EURO ANALYSIS
The impact of a better-than-expected short-term Italian debt sale is wearing off for the EURO Wednesday, with the European currency falling below $1.30 and markets beginning to question whether investors would greet Thursday’s 10-year debt sale with the same enthusiasm.
EURO ANALYSIS
The EUR advanced modestly Tuesday, levitating above an 11-month low as thin holiday trading and a dearth of bad news about Europe’s debt woes made investors momentarily unwilling to probe its downside.
Asian Market – Europe Remains In Focus
Asian shares were lower Tuesday as investors took a conservative approach ahead of the year-end, with cyclicals such as technology and resource firms succumbing to mild selling pressure as the focus remained on euro-zone sovereign debt problems and slowing global growth.
Europe Week Summary
This year began with worries about Europe’s banks — and it is ending on a similar note. On Wednesday, the European Central Bank extended more than 489 billion euros ($636 billion) in low-interest loans to euro-zone banks to help ease a funding squeeze. That was way more than the 250 billion euros to 350 billion […]
US Summary
Ahead of holidays and the year-end, the few traders manning their desks Friday didn’t make many moves. Ten-year Italian bond yields once again climbed above 7%, helping keep the EUR in check against the USD and JPY. The common currency remains relatively range-bound just north of the psychologically important $1.30 level.
Market Preview – 23 December 2011
Forex Overnight: EUR trading higher The EUR and the GBP have strengthened against the USD, this morning, as risk appetite amongst traders improved, following largely positive economic data released in the U.S. yesterday. Additionally, market expectations that the U.S. consumer spending and new home sales figures scheduled later today will show an improvement have further […]
“..Central bank’s printing press solves no problems..”
The euro-zone’s debt crisis can’t be solved by creating ever-larger rescue funds or printing money to finance government debt, a board member of Germany’s central bank warned Tuesday: “financing government debt through the central bank’s printing press solves no problems but rather creates new ones,” said Andreas Dombret of the Bundesbank. Such a move would […]
Long process of “new fiscal pact”
The process of launching the “fiscal pact” among the 17 euro-zone countries and the other non-euro E.U. member states to strengthen economic governance will take longer than has been foreseen, according to one of the three members of the European Parliament who have been appointed to sit in the negotiations.
Spain Deficit Falls in 2011
Spain’s central government said Tuesday its budget deficit narrowed by just 4.9% on the year in the first 11 months of 2011, a sign that the country may struggle to reach its annual deficit target. The data was released soon after the country’s parliament gave its backing to Mariano Rajoy as prime minister with an […]
Europe – still in search of the Holy Grail?
In what has become an extraordinarily quiet final period of 2011, there have been a number of developments that will leave their mark on financial markets for a long time to come.
Investor no interest in Greek assets
Investor interest in Greek assets being sold as part of the country’s privatizations plan are being met with “little or no interest”, a local website reported Tuesday, citing the head of Greece’s privatization agency.
Market wants to take a holiday, but will it be allowed to?
Markets are normally very thin during the last two weeks of the year, as many investors and hedge funds have more or less closed up shop for the year and a many are away from their desks on holiday. This year is no exception. And yet, while the majority of market participants might prefer to […]