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Gold Up Thin, Thin Crawl Rebound

Thursday, April 5, 2012

Gold prices rose for tonight thin. Since this morning the price of gold rebounded slightly from the level of 1617 dollars per troy ounce. Gold price increases driven by rising demand ahead of the release of U.S. jobless claims data for the last week.

Spot gold rose by 0.2% to 1622.3 dollars per troy ounce with the support level at 1612.13 dollars per troy ounce and resistant level at 1629.20 dollars per troy ounce.

Gold rising commodity prices helped push other metals such as platinum which rose 0.1% to 1594.19 dollars per troy ounce and palladium climbed 0.8% to 634.7 dollars per troy ounce.

News and Economic Review Zone Asia (Japan)

Spanish Treasury auction caused the Nikkei flushed

Thursday, April 5, 2012

The shares are traded on the Japanese stock market dropped at the close of the afternoon local time. At 15.00 in Tokyo, the Nikkei 225 Stock Average fell 0.5% to 9,767,61. This is the third largest daily decline since November 2. While the Topix index fell 0.3% to 832.57.

Number of shares that Japanese exchanges also influence the movement include: Nissan Motor Co. is down 1%, Inpex Corp fell 1.3%, and Gullivar International Co fell 2.5%.

One of the factors that cause decline in the Nikkei index falling demand in the Spanish bond auction yesterday. That led investors back to worrying about the state of Europe's debt crisis.

"The fact that investors are not so interested in the Spanish bond remind people that Europe is only a little progress in the handling of the crisis," said Hisakazu Amano, an analyst at T & D Asset Management Co. in Tokyo.

News and Review of European Economic Zone

Euro Zone Debt Crisis Ended

Thursday, April 5, 2012

Prospects for economic growth in the euro-zone debt crisis better but not yet finished, according to French Foreign Minister Alain Juppe. "We are in a very fragile situation in Europe," Juppe said, referring to the situation being experienced by Greece, Spain, and Italy.

Juppe optimistic with improved economic conditions in Europe in the second quarter of 2012. "The crisis is not over but the condition of Europe is not as bad as expected. Budget austerity policy in Europe has a big impact and the European Central Bank has also played its role. Europe is in the right direction," said Juppe.

Meanwhile, the euro weakened on the New York session. EUR / USD is now trading 1.3050, 1.3164 daily high level away from

News and Review of European Economic Zone (Spain)

Spain Back Immerse the European Market

Thursday, April 5, 2012

Majority stake in Europe's main bourses have slumped to the lowest level in two months on Thursday, and still has the potential to further reduce the line back over concerns about the outbreak of the Spanish debt burden and will likely deterioration of the weak euro zone. Closure of most of the relevant market on Friday Easter holiday also makes market participants more reluctant to enter the market.

The results are disappointing Spanish bond auction on Wednesday has become the main drivers of risk aversion in the market action. Reduced expectation of monetary stimulus program sustainability from the U.S. Federal Reserve after the release of the March meeting minutes also appeared hurt investor sentiment.

German DAX and French CAC40 slipped into the red zone with each loss of 0.95% and 0.5%, followed by the UK's FTSE index dropped 0.4% to enter the mid-session trading Thursday.

"Spain was the main focus and become a hot topic of conversation in the market. Increase in borrowing costs also helped bring the concerns that other countries can also be dragged down," said Angus Campbell, head of market analysis of Capital Spreads. "Fears of the spread of debt re-erupted."

News and Review of European Economic Zone (Switzerland)

Do SNB Intervention?

Thursday, April 5, 2012

Swiss National Bank on Thursday declined to comment on the news that says if the central bank has intervened in the foreign exchange market by buying the Euro following the fall of the single currency is to penetrate the lower limit of the exchange rate of 1:20 against the Swiss franc, the SNB established in September last.

Although no definitive answer, through SNB spokesman confirmed once again their determination to preserve the exchange rate at 1:20 EURCHF and ready to buy foreign currency in unlimited amounts. EURCHF briefly touching 1.1992 area in today's trading, before being re-traded at around 1.2025. While the Franc tracked down about 0.5% versus the greenback to trade in the range of 0.9205 so far.

Since last year, SNB continues to maintain their commitment to reducing the rate of reinforcement Franc brings the risk of deflationary pressure on the Swiss economy.

Gold Continues sluggish, U.S. Economy Concerns

Wednesday, April 4, 2012

The price of gold for this evening (4/4) observed decreased again. After the Fed states will not issue policies to provide economic stimulus, investors are again faced with a situation of anxiety to the robustness of the U.S. economy in the short term.

Current spot gold fell by 0.6% to 1635.83 dollars per troy ounce with the support level at 1620.86 dollars per troy ounce and resistant level at 1670.05 dollars per troy ounce.

The weakening of the movement of gold re-pressing of metal commodities such as platinum which declined 0.7% to 1630.5 dollars per troy ounce, palladium fell 0.9% to 648 dollars per troy ounce and silver fell 1.6% to 32.10 dollars per troy ounce.

News and Economic Review Zone Asia (Korea)

Kospi closes Weakens After Two Days Beturut Up-to-back

Wednesday, April 4, 2012

Korean stock market for trading today (4/4) closed lower after yesterday had an increase in two consecutive days. The weakening of this time is the result of the lack of sentiment in the market shares of Asia along with Hong Kong stock market off to this day.

Kospi index ended down by 1.5% to 2018.61 basis points. While index futures weakened by 3.15 points to 270.95 basis points, with the support level of 270.65 points and 274.16 points at level resistant.

The shares, which fell among the stock is down 1.7% to Salum 2600 won, Ildong Pharma shares fell 0.42% to 7150 won and Doosan shares fell 2.38% to 143 500 won.

News and Review of European Economic Zone (Spain)

Spain Euro worsen performance

Wednesday, April 4, 2012

The euro weakened due to poor bond auction results and reduced expectations of Spain would further monetary easing from the Federal Reserve. "The poor results of the Spanish government bond auctions make the market increasingly concerned with the euro-zone debt problems and this is certainly a negative impact for the single European currency," said Adam Cole, a strategist RBC Capital Markets. "The appeal of the dollar also rose after the FOMC minutes yesterday signaled the Fed's reluctance to drizzle additional stimulus."

Spain only managed to get funding? 2.6 billion in higher borrowing costs when the auctioned bonds. This would make investors increasingly concerned with the ability to fix the problem debts Madrid. Analysts still see continued weakness euro if the ECB press konverensi tonight show the central bank's vigilance against the European economic outlook.

News and Review of European Economic Zone (UK)

Swept away, demolished FTSE mining stocks

Wednesday, April 4, 2012

British stock index fell for a second day on the Wednesday session, after a record decline in mining stocks along with the decline in commodity prices, while sentiment continued pressure drop in the retail sector.

The FTSE 100 index fell 0.7 percent to a level of 5797.70, and is expected to extend penurunanya for a second day. Some mining companies post the biggest drop in the index and commodity prices continue to record a decrease.

Fresnillo PLC shares fell 5.2 percent, PLC Evraz declined 4.1 percent, Xstrata PLC fell back 2.1 percent, while Rio Tinto PLC shares fell 2.1 percent.

Retail stocks also recorded a decrease, with Next PLC shares slipped 3.1 percent. The retailer said late Tuesday that Chief Executive Simon Wolfson sold 125 000 shares in the company. Marks & Spencer Group PLC dropped 3 percent and Kingfisher PLC fell 2.2 percent.

All the major banks continued to fall and the following decline throughout the European banking sector. Royal Bank of Scotland PLC fell 1.6 percent, Barclays PLC gave up 1.7 per cent, while Lloyds Banking Group PLC edged down 1.6 percent.

An index of activity in the UK service sector rose unexpectedly in March. CIPS / Markit purchasing managers index, or PMI, for the sector rose to 55.3 from 53.8 in February results.

This survey shows that "the UK economy has escaped the drop back into a recession," said Chris Williamson, chief economist at Markit, said in a note. And suggested "that the Bank of England will postpone the purchase of assets unless the economic situation deteriorated further in the coming months."

News and Review of European Economic Zone (Italy)

Italian public budget deficit in the thin

Wednesday, April 4, 2012

Statistical office ISTAT released data on Wednesday that the Italian public budget deficit slightly from last year in the fourth quarter.

Government deficit fell to 11 466 billion euros, or 2.8 percent of GDP in the fourth quarter which amounted to 17 227 billion euros.

While in the third quarter deficit reached 2.5 percent of the GDP of Italy.

Total revenue increased 2.9 percent on an annual basis, reaching 223 508 billion Euros over a period of 3 months. This is a slim rise to an annual basis, ie only by 0.2 percent or 234 974 billion Euro.

Overall, for the year 2011 the public deficit fell to 3.8 percent of GDP, while in the previous year to reach 4.2 percent. As for the revenue has increased by 1.9 percent.

Gold to rise the third day

Tuesday, April 3, 2012

Gold predicted to rise the third day as economic data from the U.S. are better than expected. This makes the safe haven of dollars retain his title. Meanwhile, gold consumption in India continue to fall due to the country's jewelry business went on protest action.

Spot gold was in the range of 1679.63 per U.S. dollar, after rising 0.2 percent. Gold rose 1 percent in the last two days as the dollar fell 0.4 percent against six other currencies. The U.S. dollar fell against eyro today before the release of data that are expected to show U.S. factory orders rose most sharply in the last three months. Gold futures for June delivery declined slightly in the range of 1681.20 per U.S. dollar on the Comex division.

U.S. manufacturing rose more rapidly in March, signaling a recovery in the largest economy in the world. The increase was helped rally a number of Asian stocks. factory index rose to 53.4 in February, according to a data released yesterday.

Pengusahan jewelery in India yesterday to continue its protest action, entering the third week. They asked for the removal of taxes without jewelry brands, according to All India Gems & jewerly Trade Federation. Last year, India maintains the amount of gold consumption tahunannnya. But it seems this year that number will be surpassed by China, according to World Gold Council.

Silver rose 0.5 percent to 33.1257 dollars per ounce range. yesterday, silver rose to its highest range since March 14 to around 33.23 dollars per ounce.

Platinum rose the third day, gaining 1.1 percent today. The increase was made ​​of platinum touched its highest range of the past two months in the range of 1669 dollars per ounce. palladium rose 0.9 percent to 661.75 dollars per ounce range.

News and Economic Review Asia Zone

Closed Strong, Driven Regional Data Exchange

Tuesday, April 3, 2012

Most of the regional market today (03/04) moved higher. Investors view of the U.S. manufacturing sector data better than expected. Nikkei - 0.6%, S & P / ASX +0.2%, HSI +0.8%, Kospi +1.0%, -1.3% Taiex, Sensex +0.9%, +0.2% STI, and the NZX-50 -0.6%. China markets closed for national holidays.

While in the forex market, the exchange rate of USD weakened against the yen after slumping to a low level of one month in the Asian market. USD / JPY at 81.96 from 82.08 on Monday night in New York, EUR / JPY at 109.37 from 109.35, and EUR / USD at 1.3340 from 1.3318. PBOC governor Zhou Xiaochuan warned that the global economy has not fully recovered. RBA today decided to hold interest rates remain at the level of 4:25%, but still there are opportunities to cut interest rates in May. Before creating a new maneuver, the RBA should be confident that the inflation rate in the first quarter at a low level. Australia retail sales for February rose 0.2% to A $ 20.98 billion. The figure was slightly below the January increase of 0.3%, but according to market expectations of an increase of 0.2%.

Thailand CPI rises 3:45% per year in March, faster than the increase in February at 3:35% and above expectations for a 3.3% increase. The price of gold at $ 1,678.80, up $ 1.80 from its closing level NY. May Nymex crude oil fell 34 cents to $ 104.89/barrel.

News and Review of European Economic Zone (UK)

Pound hold gains against dollar

Tuesday, April 3, 2012

Pound is trading near the top in four and a half months against the dollar, after the global manufacturing data gave support to the demand for risky assets but still be aware of the increase related to the growth outlook in kekahwatiran the euro area.

Data in the session on Monday showed U.S. manufacturing sector increased beyond the forecast in March, while the data from China on Sunday showed manufacturing activity in the country surged to an increase in the last 11 months in the last month.

Meanwhile, data from the UK also showed an increase in manufacturing activity in the fastest pace in 10 months in March, thus easing concerns that the Bank of England will implement a new round of monetary stimulus, before the policy meeting this week.

However, risk appetite weighed after revised data showed manufacturing activity in the euro zone experienced a contraction and persist in the region for the third consecutive month in March, while a separate report showed that unemployment in the region registered a record increase of 10.8 percent in February.

Touch the pound level for the session against the U.S. dollar at 1.6046 level during the morning trading session in Europe, although the later has consolidated at the level of 1.6025, up 0.02 percent. Pound seen weakening obtain any euro notes, fell 0.18 percent to touch the 0.8327 level.

News and Review of European Economic Zone (UK)

UK Recession Probably Avoid This Year

Tuesday, April 3, 2012

The UK economy is likely to avoid recession this year and the government needs to do more to boost lending to help the recovery.

This was conveyed by British Chambers of Commerce, as quoted from page Bloomberg.com. Gross domestic product may rise 0.3 percent in the first quarter after falling 0.3 percent in the last three months of 2011, the London-based group said in a statement e-mail today. Estimated full-year growth of 0.6 percent, 0.8 percent less than that predicted by the government's fiscal watchdog.

Manufacturing in March 2012 grew at the fastest pace in 10 months, according to a report yesterday. While British finance minister George Osborne announced further cuts in corporate tax rate last month to promote business in the UK and spur growth. He was under pressure to do more to help companies gain access to credit. "The UK economy is still facing great challenges and the recovery is still too slow," said BBC Director General John Longworth. "It has the potential to recover, but to achieve the government should regulate business the freedom to grow."

BCC said UK inflation will slow down less quickly than expected this year due to rising oil and food. While consumer price growth eased to 3.4 percent in February, or still above the Bank of England target of 2%. BBC chief economist David Kern said the group is also still concerned that the unresolved issues in the euro zone could trigger a new upheaval lately.

In a quarterly survey published today, the BCC said domestin of manufacturing orders rose to 6 in the three months to March from minus 13 in the previous quarter. For services, domestic orders index increased to 7 from minus 9. Export orders, the size of the industry jumped to its highest level in a year.

Bank of England will maintain a bond purchase target by 325 billion pounds (U.S. $ 521 billion) on 5 April, according to 39 39 economists in a Bloomberg News survey. It also will keep the benchmark interest rate at a record low of 0.5 percent, according to a separate survey.

News and Review of European Economic Zone

European exchanges are relatively sturdy, brokers after a number of steps

Tuesday, April 3, 2012

European stock markets opened relatively strong on the trading session Tuesday, with sejjuumlah reaction to move some stock broker.

Europe Stoxx 600 Index traded higher at 266.91 level, although the shares Sodexo SA recorded a decrease of 2.5 percent and Akzo Nobel NV fell 2 percent after the stock had its stock downgraded by two different brokers.

Pruning is also plagued the stock broker Compass Group PLC, fell 1.9 percent, and K + S AG, fell 1.3 percent. Cairn Energy PLC shares rose 3.3 percent after the news of the acquisition.

German DAX 30 index level flat DFI 7061.92, while the French benchmark index, CAC 40 traded flat at 3461.11 level. The FTSE 100 rose 0.2 percent to a level of 5885.97.

Expected to strengthen demand, rising oil

Monday, April 2, 2012

Oil continued to strengthen until the second day in New York as investors speculated that demand will strengthen the economy of China, a country with the world's largest crude oil consumption, showed gains.

Oil futures contract rose 0.5% after purchasing managers index rose kelevel highest in the past year in March. Oil prices rose to the highest kelevel quarterly on 30 March after President Barack Obama declared the world's oil supplies sufficient to continue sanctions against Iran.

Oil contract for May delivery rose 56 cents to $ 103.58 per barrel on NYME of $ 103.49. The prices have gained 4.2% during the first quarter of this year and fell 3.8% last month.

Brent oil contract in May rose 56 cents, or 0.5% to $ 123.44 per barrel in London. European benchmark contract versus New York was at $ 19.92 from $ 19.86 on March 30, the highest since October 24.

News and Economic Review Zone Asia (Japan)

Solid Data, Nikkei Strong

Monday, April 2, 2012

U.S. economic data releases that exceed market expectations push Nikkei up 1.0% to 10 185. But the BoJ Tankan survey results that missed estimates are expected to limit the gain index, clearly Kenichi Hirano, operating personnel Tachibana Securities.

BoJ Tankan index for the manufacturing sector in March compared with the predictions of market -4 -1. "The movement of the Nikkei likely to be restricted in the range of 10.200 s. Topix subindeks 23 of 33 positive with shipping stocks and the stock market led the gains. Mitsui OSK Lines +3.3% to Y372 and Nomura Holdings + Y3.8% to Y380.

Sunday (01/03) China Purchasing Managers Index released data that showed a surprise increase. Komatsu +2.9% to Y2, 428. Hitachi Construction Machinery +2.7% to Y1, 880. TDK Corp. +1.8% To Y4, 775 after the Nikkei reported that the company will limit production of Blu-ray Discs in the Japanese manufacturers this year and will shift production to China.

News and Review of European Economic Zone (Spain)

The Spanish commitment Still Strengthen Major Currencies

Monday, April 2, 2012

In general good of the world market in the forex market as well as on the floor of the stock market experienced a strong reinforcement that was observed in positive territory in afternoon trading at the beginning of the week (Monday, 2/4).

Strengthening of major currencies, particularly the Euro single currency, due to positive market sentiment is still marred by news from Europe where the Spanish state is trying to make budget cuts so that the country is also committed to a policy of austerity (austerity programs).

Besides the positive news also came from a meeting of euro zone finance ministers which resulted in an agreement to increase the firewall rescue fund in an effort to prevent the spread of the debt crisis. So the positive news it gives strength to the Euro.

Until the afternoon session was recorded moving EUR stable in the range of $ 1.3330/40 after briefly to a high of $ 1.3376 level. While the British currency, pound sterling is still strong in the area's $ 1.5980 after testing to penetrate into the $ 1.6 to record the position at $ 1.6025.

News and Review of European Economic Zone (UK)

Sterling Turned Down; UK Manufacturing Sector Slows In March estimated

Monday, April 2, 2012

After the end of trading last week to move up, pound sterling today (02/04, 04:09 GMT) turned lower against the U.S. dollar. Opening price is at 1.6010 (00:00 GMT), and has dropped about -29 pips or about - 0.18%, led the index to be bearish on the 1.5981 area.

A recent report on the UK housing sector showed a rise in March, for the first time in 21 months, according to a report from Hometrack Ltd.. Average sebuha home in England and Wales reported increased by about + 0.2% from February. This increase indicates an increase in demand amid the British government's policy to tighten the budget, in order to restore the British economy.

Manufacturing PMI data to be released by the Markit economics research institute, is expected to show the performance figures for March 50.6, down from 51.2 points in February. Normal range trading EUR / USD at today's projected to have the support level at around 1.5963 and 1.6045 resistance level on the range.

News and review European Economic Zone

Euro Up Thin; Urged to Turn Down Unemployment Report

Monday, April 2, 2012

Euro Index in trading today (02/04, 03:01 GMT) is generally observed showed a flat movement against some other major currencies. After opening at around 105.03 in early trading (00:00 GMT), the Euro has edged up + 2 + pips or about 0.02% and at the time of this story down the rolling observed in the range of 105.05.

EU leaders have attempted to establish that he called a "firewall", to overcome the crisis. Meanwhile on the other hand, ECB officials said the policy as "Tower of Babel". In general, the effectiveness of the policies being carried out is still questionable and unproven efficacy.

Reported that European Union finance ministers will make a package of measures, including the addition of about 500 billion euros of aid that is still fresh, which previously had contained a commitment to disburse 300 billion Euro.

The performance of the movement of stock futures in European markets are still showing positive growth where stock index futures on the DJ EURO STOXX 50 was up late last week about + 0.46% at 2409.00, the UK stock index futures FTSE 100 was tracked down - 0.06% at 5738.50. While the French CAC stock index futures closed up 40 reported at the end of last week about + 0.69% at 3424.50, and the German DAX stock index futures were reported closed up at the end of last week about + 0.36% at 6961.00.

Today's report is expected to show a negative performance in the labor sector where the Unemployment Rate is expected to increase to 10.8% in February from 10.7% in January. Normal range on day Euro index is expected to have a support level at around 104.81 and resistance level at around 105.17.

The dollar slid, the shiny gold

Friday, March 30, 2012

Gold rose on Friday's session, continued to push the performance to stop the losing streak in three days after euro zone finance ministers strengthened 'firewall' against the spread of sovereign debt crises.

June gold futures trading contract rose $ 8.80, or 0.5 percent, to $ 1,663.90 an ounce on the Comex division of the New York Mercantile Exchange. For the quarter, gold futures are on track rising 6.1 percent.

A weaker dollar also gave a boost to metals prices. The Dollar Index, which tracks the performance of the U.S. dollar against six major currencies, traded at 78.905 from 79.176 in late North American trading, the session Thursday. The dollar index is expected to end the quarter with a 1.7 percent decline.

The euro strengthened against the dollar after euro zone finance ministers agreed on Friday to increase the lending capacity of the area while rescue fund to 700 billion euros, equivalent to $ 934 billion from 500 billion euros.

Meanwhile, the Commerce Department said Friday that U.S. personal spending rose 0.8 percent in February, with U.S. consumers spending money at the fastest pace in seven months.

With U.S. equities rising, the metal closer to the industrial activity beyond gold. Silver sales contracts in May rose 39 cents, or 1.2 percent, to trade at $ 32.38 per ounce level. Copper futures contracts trading in May rose 3 cents to $ 3.83 per pound.

News and Economic Review Zone Asia (Japan)

Trying Nikkei Correction 3-session

Friday, March 30, 2012

Japan's index is still weak ahead of this afternoon. Nikkei up the correction for 3 consecutive sessions.

Nikkei down 0.3% to 10 085 in moderate trading session. The possibility of a consolidated index at around 10,000 in the middle of next week's wait and see mode ahead of the release of important data the United States (U.S.). While some overseas stock markets will also be closed to commemorate Passover next week.

The emergence of positive data from the U.S. is awaited as it could bring positive sentiment to the market. If so, then the Nikkei could test higher levels in the next two weeks. A total of 24 of the 33? Topix subindeks negative for the stock? exporters weighed down by a strengthening yen.

News and Review of European Economic Zone (UK)

Sterling Fly To The Highest Level 4.5 months vs dollar

Friday, March 30, 2012

Sterling rose again to its highest level more than 4.5 months against the U.S. dollar on Friday, having announced an agreement to increase the capacity of the EU bailout of 800 billion Euros by euro zone finance ministers.

GBPUSD has been observed so far above the translucent MA200 for the first time since August 2008, and is a bullish signal after the pound sterling above the psychological level of 1.6000 translucent.

The next resistance level appears at 1.6050 and 1.6090 area, again through the area above the bullish Sterling potentially add pressure to test the next resistance level at 1.6130 range. Nearest support at 1.5980 and 1.5925 area.

News and Review of European Economic Zone

Banks, and European exchanges advanced guided mine

Friday, March 30, 2012

European stock markets recorded a big rise in Friday's session, re-emerged from the decline in recent days, bolstered by a rise in the banking sector, mining stocks rise behind the rise in commodity prices.

Europe Stoxx 600 Index rose 0.7 percent to a level of 262.60, reversing in part a drop of 1.3 percent in the session Thursday.

Recorded the largest increase in the index, Vestas Wind Systems AS surged 5.9 percent after UBS lift the company's stock rating to 'neutral' from 'buy'.

French CAC 40 index recorded its best performance among the major country-specific indexes, trading up 1.2 percent at 3420.23, bolstered by rising bank shares and Total SA, which rose 0.6 percent. Total stock has plunged since the gas leak in the North Sea on Sunday, but UBS said in a note that the stock price reaction to "look over".

Among banks, Credit Agricole SA rose 2.6 percent and BNP Paribas SA gained 1.4 percent. Banks also noted the increase in the shares of Commerzbank AG Frankfurt rose 2.4 percent.

German DAX 30 index up 0.9 percent traded at 6938.03, and continues to have the support of stock car manufacturer, with shares of Daimler AG, rose 2.3 percent, and BMW AG rose 2.2 percent.

In the UK, the mining sector lifted the FTSE 100 index rose 0.4 percent to a level of 5766.64 after commodity prices moving up. Kazakhmys PLC rose 2.2 percent, Vedanta Resources PLC rose 1.9 percent, while Rio Tinto PLC shares rose 1.8 percent.

News and Review of European Economic Zone

Will the European bailout fund capacity Escalated Significantly

Friday, March 30, 2012

The euro-zone finance ministers reached a deal nearing completion on Friday to build fortifications in the form of adding capacity to fight the bailout sovereign debt crisis, with a discourse as to combine the bailout facility while the facility is a permanent rescue mechanism is greater.

Luxembourg Prime Minister and President of the Eurogroup Jean-Claude Juncker said there was still an open chance to increase the capacity up to 1 trillion bailout Euro.

Two-day meeting that took place in Copenhagen will also discuss the draft budget 2012 the Spanish, who also announced on Friday new concerns related to the challenges faced by the Spanish economy.

Economic and Monetary Affairs Commission of the European Union, Olli Rehn even quite sure if the decision to boost its lending capacity in ESM facilities can be achieved on this Friday.

These comments echoed a statement the German Finance Minister Wolfgang Schäuble firewall that total about 800 billion euro Europe should be enough, and more than that number still would not solve the debt crisis.