mynameisandhy

Oil began to rise

Thursday, May 17, 2012

Oil prices rose from its lowest level in more than six months in New York after the Japanese economic data beat expectations and after the technical indicators show a decline in oil prices a while back too much.

Oil futures contract rose 0.7%, rising for the first five days dlaam. Throughout this week tlah oil prices fell 11% due to stress concerns the European crisis will worsen and the pressing demand for oil. but then oil prices rebound after hitting a support level. Japan's economy grew 4.1% per year in the first quarter. Oil also got a positive sentiment from Enbridge Inc.. LP and Enterprise Products parteners scheduled to reverse the flow of Seaway pipeline, crude oil flowing to the south of Cushing, Oklahoma, to the Gulf Coast.

Crude oil for June delivery rose 66 cents to $ 93.47 a barrel on the NYME. The contract closed at $ 92.81 dilevel lowest. Oil prices are down 5.4% so far this year.

Brent oil contract fell 40 cents to $ 109.35 per barrel in London. The June contract ended down 53 cents today to $ 111.71. European benchmark contract versus $ 15.50 for West Texas.

News and Economic Review Zone Asia (China)

China to increase exchanges best

Thursday, May 17, 2012

Exchanges with China climbed to the highest rise in the last two weeks on speculation that the government will make policies to resist loosening of the economic downturn.

Suning Appliace Co., the largest household appliance retailer in China and a washing machine manufacturer Hefei Rongshida Sanyo Electric Co. rose 1.7 percent after the government said it would increase the subsidy for household appliances energy efficient. Citic Securities Co. and GF Securities Co into shares of financial companies led the rise today.

Shanghai Composite Index rose for the first time in five days and rose 1.4 percent to 2378.89, its biggest increase since May 2. CSI 300 Index rose 1.5 percent to 2378.89 at the close today. increase is also the best rise since May 2.

Shanghai Composite gained 8.2 percent this year on speculation that China's central bank will loosen policy. Suning Appliance rose 1.8 percent to 9.87 yuan. Hefei Rongshida rose 7.8 percent to 9.17 yuan. GD Midea Holding Co rose 1.8 percent to 13.89 yuan.

News and Review of European Economic Zone

IMF Still Anticipating the Worst Scenario

Thursday, May 17, 2012

Chairman of the IMF has asked the agency to conduct a technical assessment of the possible exit of Greece from the Euro zone, but warned of the impact of these scenarios will cost a very expensive, therefore, the IMF hopes the new Greek government remains committed to the bailout program before.

Through a Dutch television interview in front of Nieuwsuur, IMF Director of Christine Lagarde said that it hoped the Greeks to form a government that supports emergency loan agreement.

Although the head of the IMF hopes Greece will come out of the Euro zone, but the agency feels compelled to anticipate the worst scenario.

News and Review of European Economic Zone

The euro rose but still dihalagi concerns Greece

Thursday, May 17, 2012

The euro began to dare to climb today after being dropped to its lowest point during the last four months kemairn. However, this increase seems to be berlasung akanYunani briefly as fears still haunt.

Greek banks appear sluggish as the European Central Bank yesterday to temporarily revoke the loans because the banks can not recapitalize.

The euro rose 0.2 percent to 1.2738 per U.S. dollar. the range is still not far from the lowest range for four months at 1.2681 per U.S. dollar. so far this month, the euro was down 3.7 percent.

Concerns still menyenbar in Greece. Politicians who oppose the bailout policies are expected to win the second phase of elections to be held next June 17,

Meanwhile, the dollar stabilized at kisarsan 80.28 yen, not far from the range of highs during the last two weeks in kisasran 80.56 per yen.

News and Review of European Economic Zone

ECB policy making cackle European markets

Thursday, May 17, 2012

European stocks beaten, after the European Central Bank (ECB) to stop a bank loan to Greece. That means the stock market has been terpapas blue continent for the fourth day.

Europe Stoxx 600 Index fell 0.3% to 243.73 positions at 8:25 London time. European benchmark stock index has terpapas 3.3% in the last four sessions.

Meanwhile, some of the major exchanges such as the Stoxx 50 slid 0.46%. Then, the FTSE 100 index minus 0.45%, and the DAX index fell 0.14%.

Yesterday, the ECB said it will temporarily stop lending to some Greek banks to avoid risks. President Mario Draghi suggests, the ECB will not compromise on core principles to keep the Greeks remain in the Euro.

Besides the issue of Europe, the market is also depressed because of the Federal Reserve signaled the U.S. economy may need more stimulus. This indicates the U.S. economic recovery may not go smoothly.

For the record, on this day, some exchanges such as in Switzerland, Norway, Sweden, Denmark and Finland are closed over the holidays.

Oil touch the lowest level of 6 months

Wednesday, May 16, 2012

Crude oil futures fell to its lowest level since November during the European morning trading session on Wednesday, as investors continued to reduce their exposure to growth-related assets after attempts to form a new government in Greece collapses.

On the New York Mercantile Exchange, light sweet crude oil sales contracts in June traded at $ 92.05 per barrel during European morning trading, or 2.05 percent plunge. Oil falls 2.4 percent previously had traded at $ 91.81 per barrel, its lowest level since November 3, 2011.

Oil prices have recorded a drastic decline since the May 6 election results in Greece cast doubt on the future of the country's international bailout deal and sparked fears of possible exit from the eurozone Greece. WTI June contract was down nearly 6.5 percent in the last eight trading sessions.

Speculation over the possibility of Greece out of the euro zone rose on Tuesday after talks aimed at forming a coalition government failed. A caretaker government will be appointed on Wednesday, with the possibility of new elections will take place in early June, sparking fears over the potential default of Greece and finally out of the euro zone.

Reports that Greece has attracted as many as 700 million euros from the national banking system since the election results continue to add a bleak environment.

On the other peradgangan, the ICE Futures Exchange, June Brent contract fell 1.45 percent trades traded at 109.86 per barrel, with the difference between oil and Brent crude was at $ 17.81.

News and Economic Review Zone Asia (Hong Kong)

Hang Seng is successfully overcome concerns Greece and closed flagging

Wednesday, May 16, 2012

Hong Kong fell to its lowest point during the four months after a Chinese media said that the development of bank lending in China flat on the first two weeks of this month. flatness of the number of borrowers in the fourth largest bank in China to make China's economy growing fears of outbreak.

Hang Seng closed down 3.19 percent to 19259.83. China Enterprises Index in Hong Kong closed down 3.4 percent to 9471.97.

CSI 300 Index closed down 1.63 percent to 2574.65 due to the small number of new loans in Chinese banks.

Greece in the form of government failure to make Hong Kong suffered its worst daily decline in six months. hang time to put an end yesterday zinc reduction that occurs daily for eight consecutive days. But this morning at the opening of the Hang Seng dropped it three times that of its gains yesterday.

News and Review of European Economic Zone (Greece)

Greek crisis continues to deteriorate the market

Wednesday, 16 May 2012

The global market continues to shake on Wednesday, as Greece's fragile situation remains the primary focus today. Doubts about the next election is expected to subside, after Greek officials announced that a new election date.

Pre-election polls have started to bring mengoyangkan market more than it should, indicating that the market situation was curious who the next head of the stick holder: left coalition is expected to lead, but at the same time close to 60% of the population would support that Greece is still in the zone euro, which it is contradictory with the Greek government wants parliament.

In the meantime, like adding fuel to the fire, the rate of yield has reached a critical level in Spanish and Italian debt markets so that investors have started to suggest that they turn away from these countries as well, fears of contagion.

News and Review of European Economic Zone (UK)

UK jobless claims unexpectedly fell

Wednesday, May 16, 2012

The number of people filing claims for unemployment benefits unexpectedly fell in England in April, recording the biggest monthly decline since July 2010, official data showed Wednesday.

In its report, the UK Office for National Statistics said the number of filings fell by 13.700 are seasonally adjusted in April, undermining expectations of an increase in 5000. results in the previous month was revised down 5400 from the previously reported increase of 3,600.

The unemployment rate was unexpectedly recorded a decrease to 8.2 percent from 8.3 percent, down for second month in a row. According to these data, the total number of unemployed reached 2.65 million in the last month.

The report also said that the average earnings index rose a seasonally adjusted 0.6 percent in April, below expectations for a gain of 1.0 percent, after rising 1.1 percent the previous month.

News and Review of European Economic Zone (UK)

BoE cuts growth outlook

Wednesday, May 16, 2012

Bank of England (BoE) said on Wednesday that inflation in Britain is still quite high but the outlook for growth is now lower than previous estimates.

Through the quarterly inflation report recently released shows that the UK economy slumped back into recession territory, with an annual inflation rate is unlikely to fall below target hard 2% by mid next year.

In addition prospect of economic growth cut by the central bank due to higher levels of consumer spending is still quite slow. Moreover, the euro zone debt crisis remains a serious threat to economic recovery.

England monetary policy committee still saw the need for additional stimulus, if growth is disappointing and potentially inflation fell below 2% within 2 years.

The price of gold fell to its lowest level this year

Tuesday, May 15, 2012

The price of gold fell to its lowest level this year. This afternoon, the price of gold for fast delivery fell 0.2% to U.S. $ 1552.97 per troy ounce. This is the lowest level since December 30 last. At 12:54 pm Singapore time, the price of gold is not much to record changes in the level of U.S. $ 1554.72 per troy ounce.

The decline in gold prices occurred as the weakening position of the euro against the U.S. dollar. Conditions that lead to gold as an alternative asset charm begins to fade. Keoknya euros related to the possibility of the issuance of Greece from the European zone.

"Gold prices depressed because of the strengthening U.S. dollar. Markets are no longer looking at gold as a safe asset because a lot of factors that suppress the gold price," said Jonathan Barratt, chief executive of Barratt's Bulletin in Sydney.

Just an additional course, commodity prices have gone down for the day is the 10th. This is the longest period of decline since 1998 last. One reason for the decline in oil prices to their lowest level of four months.

News and Economic Review Zone Asia (Korea)

Seoul shares closed below the 1900 level

Tuesday, May 15, 2012

Seoul shares closed down after falling in five sessions today to below the 1900 level. concerns about the euro zone make it difficult KOSPI moves up.

KOSPI fell 0.77 per cent, at 1989.96. Although down, KOSPI managed to get out of its lowest point in the session at 1881.8 level. KOSPI fell into the range below 1900 for the first time since mid-January.

Institutional investors to sell shares some 17.9 billion won today. while foreign investors sold 168.5 billion won.

Perusahaam oil stocks fell after oil prices slumped to its lowest range in the last three months due to fears of weakening economic growth in Greece and China.

SK Innovation, the largest oil company in South Korea, down 2.8 percent. GS Holdings, the third largest oil company in South Korea fell 3 percent.

STX Pan Ocean shares fell 6.5 percent due to media reports which said that the company which holds shares of STX Pan Ocean, STX Corp., will menjjual non-profit shares in Pan Ocean.

But the company's shares have risen some. KT & G, tobacco operating company, rose 1.2 percent. food maker Orion Corp also rose 1.9 percent.

KOSPI 200 Index closed down 0.7 percent. while the KOSDAQ fell 1.6 percent.

News and Review of European Economic Zone

Euro Group leaders refuse to issue the consideration of Greek

Tuesday, 15 May 2012

Some of the media and politicians in Europe have begun to openly hinted about the possibility for Greece to leave the euro zone debt crisis unresolved. Greece is estimated to have at least one ally in his corner.

Meeting of eurozone finance ministers in Brussels continued on Tuesday, with the latest news on the Greek of the group chairman, Prime Minister of Luxembourg Jean-Claude Juncker, is that the issue of Greek euro zone is an unreasonable idea.

"I do not imagine, not even for one second, go Greek," said Juncker after the first round of meetings on Monday night. "This is bullshit This is propaganda." Juncker added that no one in attendance on Monday night has raised this subject. However, in comments outside the meeting, other EU politicians have been told that the Greek refusal to leave the euro zone may have experienced softening.

German Chancellor Angela Merkel said it would be "better" for Greece to live in the eurozone, which is different from the previous attitude where showing refusal of Greece to stay. Last week, finance minister Merkel, Wolfgang Sch? Uble, said that while the Germans would prefer to have a Greek living in the euro zone, they "can not force anyone" to remain in the Euro and that "Europe will not sink easily" when Greece finally chose to go. German media appear more daring, with DerSpiegel magazine article titled, "Acropolis, Greece Adieu Why must leave the euro zone now."

Before serious decision can be made about the future of Greece, whether it's restructuring provisions of the EU-IMF loans that have kept Greece persist for months or drastic steps to kick the Greeks out of the Euro, Greece shall form a government after the parliamentary elections on May 6.

Since May 6, the parties have elected to spend nine days without reaching an agreement a new post-election coalition government, which is expected to complicate the position of Greece in the euro zone, especially in the month of June.

News and Review of European Economic Zone

Moody's cuts ratings 26 Italian banks

Tuesday, May 15, 2012

International rating agencies Moody's Investors Service downgraded the debt and deposit 26 banks in Italy from one to 4 ranking is done for the European economic situation is volatile.

Italian bank ratings are included as one of the lowest in Europe, but some efforts European governments and central banks to rescue them help reduce pressure on other banks in Italy.

Europe Johannes Wassenberg, Moody's director for Europe said that the current recession hit Italy so that the risk of credit risk into a number of reasons why the banking ratings lowered.

If these conditions are not followed, the risk can be spread to other banks and disrupt the banking revenues.

The banks are downgraded this is Italy's largest bank by assets such as UniCredit is downgraded by one rank, followed by Intesa.

Previously Moody's also downgraded the debt of Italy and five other European countries including Spain.

Fuel: Moody's cuts ratings 26 Italian banks because of the turbulent economic conditions. UniCredit down 1 point.

News and Review of European Economic Zone

German GDP Bring European Stock Rise

Tuesday, May 15, 2012

European stock markets had gained in opening trade on Tuesday (15/05/2012). Market Data powered German economic growth of 0.5% in the first quarter of 2012.

Stoxx 600 Index rose 0.3% to 248.35. Undeks DAX rose 0.6% to 6493.34, the CAC rose 0.7% to 3081.22. FTSE index was up 0.3% ke5.484, 84. European stock markets in the region has been weakened by the prospect of Greece's exit from the European Union.

But was higher after the largest economy in Europe, Germany experienced positive growth. French GDP tends to flat from the previous quarter.

Germany's first quarter exports pushed the economic revival of a slight decline of 0.2% in the fourth quarter of 2011. The first quarter growth of 0.2% above the market analysts' forecasts.

Germany remains a major player to push the EU out of crisis .. Germans still endure unemployment lace. Conditions of export of manufactured goods such as cars and engines are still strong.

Most of the pressures experienced by Asian stocks also began to decrease. Hang Seng Index rose 0.6%, the Nikkei fell 0.8%, Straits Times index rose 0.8%, the Shanghai index down 0.2%, Kospi index fell 0.7%, ASX down 0m7%.

Note the decline in gold and silver

Monday, May 14, 2012

Gold futures, which experienced a mild decrease in trade sepajang Asia, increasingly struggled during the European electronic trading on Monday as the dollar a boost obtain any safer pressing demand for the metal.

June gold contract trading down $ 12.90, or 0.8 percent to as low as $ 1,570.90 an ounce on the Comex division of the New York Mercantile Exchange.

Open a trade for this week with this decline occurred after the metal settled at its lowest level this year on the Friday session, because of political turmoil in Europe prompted investors to the U.S. dollar.

Talks between the potential coalition partners mengalmi kemudurunan in Greece on Sunday, thus increasing the possibility of new elections and sparked fears for the future of the euro zone.

With a European background of uncertainty, the dollar continued to strengthen in session Monday, with the ICE dollar index, which tracks the U.S. dollar trading against six other currencies, traded at 80.463, up from 80.250 in late trading level of North America in the session of the weekend.

Other metals down the decline of gold, with copper leading the decline. July copper sales contracts fell 7 cents, or 2 percent to as low as $ 3.58 per pound. July silver sales contracts fell 41 cents, or 1.4 percent to as low as $ 28.49 per ounce. July platinum contract trading down $ 14.50, or 1 percent to as low as $ 1,456.90 per ounce, while June palladium contract trading down $ 7.40, or 1.2 percent to as low as $ 596.00 per ounce.

News and Economic Review Zone Asia (China)

China cut the Reserve Requirement Ratio by 50bps

Monday, 14 May 2012 12:36

China has cut the RRR (Reserve Requirement Ratio) by 50bps in their efforts to improve its economy. This is the third time the central bank has made strides in the past six months. PBOC (People's Bank of China) doing is following the recent economic data indicates that China's economy slows. In April industrial output growth slowed to 9.3% - the slowest rate since 2009. People's Bank of China said the bank would have to hold half a percentage point less in reserve. For the nation's largest lender it means they must hold 20% of their assets in cash reserves. This move should free up banks to lend billions of yuan. China's economy has slowed down for over a year. In the first quarter of 2012 grew 8.1% compared with 8.9% in the fourth quarter 2011.Sementara it, China has agreed to start negotiations for free trade agreements with Japan and Korea Selatan.Perjanjian came at a summit in Beijing.

News and Review of European Economic Zone

The euro tumbled to the lowest range

Monday, May 14, 2012

The euro fell to its lowest range for more than three months against the dollar as the vacuum of a coalition government in Greece. It is increasingly convinced some people that the euro zone is still not capable of resolving the crisis.

The euro declined for two consecutive days against the yen as the Greek president Karolos Papoulias who are discussing the formation of a coalition government. Dilaksanankan discussion on May 6 and no result.

The dollar index has skyrocketed over the last eleven days menggawatnya as the European crisis. The euro fell 0.2 percent to 1.2886 per adolar menajdi U.S.. euro had dropped to around 1.2879 per dollar, its lowest range since January 23.

Against the yen, the euro fell 0.1 percent to 103.28 yen. Last week, the euro fell 1.2 percent against the yen. The dollar rose 0.1 percent to 80.04.

The euro weakened before a report expected to show the country's industrial production will fall to 0.4 percent of the range of 0.8 percent in February. from the previous year of production in Europe fell 1.4 percent.

News and Review of European Economic Zone

The euro fell after the German Data

Monday, 14 May 2012 14:21

Data German WPI (Wholesale Price Index) or commonly known as the wholesale price index released down from the previous month at 0.5% vs. 0.9% PVS, although data from the annual WPI rose 2.2% to 2.4% market decline in the price index rate will make the European currency back down. After losing his grip on 1.2900 at the weekend and found the resistance is in the middle of the Asian session, EUR / USD is now closed again close to the area and fell after the German data was released. EUR / USD now at around 1.2880/85 and will wait for the release of EMU industrial production data at 09:00 GMT.

Mataf.net analyst showed resistance at 1.2905, 1.2955 and 1.2975. On the downside, support can be found at 1.2875, 1.2820 and 1.2765.

News and Review of European Economic Zone

Hollande waiting attitude in Berlin

Monday, May 14, 2012

The new French president's visit to Germany tomorrow (Tuesday 15/05) will be significantly greater.

The meeting between Francois Hollande and Angela Merkel in Berlin will be the consolidation of the Franco-German forum first French post-election last May 6. Dynamics become so attractive because Hollande known as a anti-program budget cuts, which would have been spearheaded by the country itself. Pro-people attitude diutarakannya repeatedly during the campaign. But in front of Merkel, whether Hollande able to hold that commitment?

Hollande is known as someone who strongly opposed the doctrine of fiscal Germany, who claims to have driven many countries into recession phase. His attitude in front of Angela Merkel's highly anticipated, especially with regard to the recovery agenda is important as the bailout of Greece. Without the support of France, Germany may lose respect in the eyes of other members of the euro-zone. Project fiscal tightening is also being threatened. So the role of Paris as the main proponent of Berlin is indispensable. Merkel certainly welcomed Hollande, this time not as a political figure but as the new president of France.

The two heads of state actually still need each other. In addition to economic dependence, both France and Germany would want to maintain their position as the motor of the region. Hollande most likely will not be as hard as he campaigned to defeat Sarkozy. But should be listened to his strategy for dealing with Merkel and Merkel own attitude in the face of the new French leader. Certainty of the euro-zone economy is quite dependent on the conciliation Hollande-Merkel tomorrow Tuesday.

Because of risk aversion, gold dipped

Friday, May 11, 2012

Gold and silver trading at trading in Asia and Europe in session Friday, as the dollar extended rise in 10 sessions, after the market makers to avoid the risk of trading losses are behind the shocking news of JP Morgan Chase & Co.

The investment bank last Thursday said that they suffered a loss of $ 2 billion in derivatives trading losses.

Dollar-denominated commodities such as gold often hit by the strengthening U.S. dollar.

June gold contract trading down $ 11.80, or 0.8 percent to as low as $ 1,583.60 per ounce, while July silver sales contracts fell 42 cents, or 1.4 percent to as low as $ 28.76 per ounce. July copper sales contracts fell 3 cents, or 0.5 percent to as low as $ 3.66 per pound. July platinum contract trading down $ 17.10, or 1.1 percent to as low as $ 1,476.70 per ounce. Trade June palladium contract slumped $ 5.10, or 0.8 percent to as low as $ 610.25 per ounce.

News and Economic Review Zone Asia (Hong Kong)

Hang Seng closed down, The exits to 19 960 range's Point

Friday, May 11, 2012

Hong Kong today (11/5) closed lower and deeper and deeper down to the range of 19 960's level basis points. The weakening of the exchange caused by the strong wave of negative sentiment coming from the still high inflation rate and also concerns about the economy in Europe.

Hang Seng Index ended down 1.3% to 19964.63 basis points. While index futures declined by 218 basis points to 19 743 points with the support level of 19 896 points and resistant level at 20 185 points.

Stocks that declined include Chalco shares are down 0.3% to EUR 3.36, shares of Bank of China fell 0.99% to 3 USD and ICBC shares fell 1.41% to 4.89 HKD.

News and Review of European Economic Zone (Greece)

Waiting Greek Lobbying Coalition

Friday, May 11, 2012

Political Deadlock in Athens Greece to increase the odds of getting migrated from the euro-zone.

Since the debt crisis took place in Europe, the percentage of Greeks out of the euro community is never at the moment. The results of the election showed the people are not pleased with the previous government's efficiency program budgets. Now the increasingly uncertain conditions as the reins of government are still empty seats.

The three parties are considered pro-European policy, PASOK, Democratic Left and right wing democracy, continues to hold discussions to form a new government. Evangelos Venizelos, Fotis Kouvelis and Antonis Samaras meet again this Friday to reach new agreements.

Samaras had previously tried to form his own coalition with Alexis Tsipras embrace of left-wing party Syriza. But the talks failed and Samaras both had to find another partner. If neither side is able to form a coalition government until May 17, Greece is required to hold a new election.

Surveys show most people do still want the country to use the euro currency. But their objection if the government should follow the pre-bailout terms set by the European Union. Venizelos himself admitted that the people do not trust any party because no one is able to offer clear solutions. In short, no party with the same vision of an adequate quota of government formation. So each party should be able to embrace his rival in order to achieve that goal. Coalition between PASOK, the Democratic Left and Right Democracy is the most realistic at this time. If the deal happens in the next few hours, then the pro-European government re-awakened.

News and review European Economic Zone (Germany)

Germany: Greece Problem, We're consistent!

Friday, May 11, 2012

The EU will not change his views on Greek and committed resolve the crisis in the country.

The Germans, as one of the motors of economic recovery to ensure there is no change in the crisis resolution program. Angela Merkel gave the Greek fate entirely in the hands of the government itself. The commitment is made ​​by Foreign Minister Guido Westerwelle some time ago.

"We're still going to help Greece," Westerwelle said. He stressed the aid program will continue, Athena is also consistent with the requirements of economic reforms in accordance with the agreement. Westerwelle take the example of reform in the country is running smoothly and satisfactorily. Germany's economic indicators is stable thanks to the comprehensive economic reform so that the unemployment rate fell to a record low and the absorption of young workers continues to increase.

"Thanks to all the citizens and government, which has wage reform," commentator Westerwelle. Germany tried to understand the problems faced by Athens in the recovery process. But it is a consequence of negative effects should be taken if Greece wanted to continue to join the euro-zone. "Their fate in the hands of his own government," Westerwelle closed.

News and Review of European Economic Zone

Italy, Spain and France will auction bonds, the euro fell again

Friday, May 11, 2012

The euro slumped to its lowest range for three months before the Italian, Spanish and French bonds auctioned next week in anticipation of a crisis that looks even worse.

Weekly drop them into the euro as the Greek political situation at a stalemate. Today entered into a five day discussion by leaders of political parties in Greece to discuss forming a new coalition government after general elections some time ago.

The euro had weakened to 1.2905 per dollar, its lowest range since January 23, before finally improved slightly to 1.2917 per U.S. dollar. This week, the euro towards a decline of 1.3 percent. euro fell 0.3 percent against the yen to around 103.12 yen, to a decline of 1.3 percent since May 4. dollar fell 0.1 percent to 79.85 yen.

Italy will sell bonds with a maturity 2015.2020 and 2022 on 14 May. Auction on May 17 followed by Spain and France on May 15. The auction will be the first auction for the French post-election Francois Hollande.