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Gold And Silver rocketed But still tentative

Tuesday, January 3, 2012

Spot Gold and Silver prices jumped more than 2 percent on Tuesday, is supported by the return of investors to the stock after the new year off with a higher risk appetite.

Although the global economy still hadapai uncertainties, investors seem to add to speculation in commodities such as Gold and Silver. Veteran investors like Jim Rogers said today that he is buying Gold and Euro currencies, though most hedge funds still expect the euro slumped to a record low again.

Technically, the price increase was temporary, this week still in a minor correction upwards, but after that still has the potential to weaken again to below $ 1350. Resistance in the area nearest $ 1,600 & $ 1,635, while a strong support level looks at the area of ​​$ 1550 & $ 1500.

Gold trading range during 2012 is estimated in the range of $ 1,200 up to $ 1900 as the uncertainties in the euro zone, and the risk of contraction of the U.S. labor sector.

News and Economic Review Asia (China)

China Attempting to Generate Enthusiasm European Market In Early Years

Tuesday, January 3, 2012

The majority of the shares in Europe's main stock exchange moved higher on the first trading session of 2012, despite investor caution in entering the market is still too visible. Shares of mining sector appears to be the main driver of stock index movement following the China manufacturing data, which is the world's largest metals consumer, released exceeded expectations last weekend.

Britain's FTSE index had gained nearly 1% until well into the mid-session today, followed by Germany's DAX index that is able to collect approximately 0.65%. While the French CAC rate should be stopped and turned around 0.8% lower due to some profit taking on financial stocks.

"Strengthening of today will likely be quite limited given the problems in Europe have not really gone," said market analyst at ETX Capital, Manoj Ladwa. "The market is probably still will survive quite well in the positive zone for the time being, while awaiting re-normal trading volume."

News and Review of European Economic Zone

Euro Rally Limited

Tuesday, January 3, 2012

The euro rose on the New York session, following the improving sentiment that had sparked short covering; however, the euro will remain depressed amid fears of debt crisis and the low economic growth in the euro-zone. Sentiment is quite positive after data show China's manufacturing sector improved, India, Australia, and Europe, as well as German unemployment levels have decreased.

Traders see the demand for euros from U.S. banks that managed to help the single European currency away from the 11-year lows against the yen and 15 months against the dollar. However, concerns about the spread of the euro-zone debt crisis that threatens the European economy to the brink of recession will continue to pressure the euro.

"It takes a fundamental improvement of the sustainability of the euro-zone to keep the euro rebound. Investors are still worried about Spain, Italy, and Greece," said Valentin Marinov, strategic Citi. "Strategies euro still sell on rally," said Manuel Oliveri, strategic UBS. Investors worried that dealing with the Italian maturing debt worth? 100 billion in the first quarter of 2012 with the 10-year bond yiel at crucial levels of 7%.

News and Review of European Economic Zone

European exchanges tend to be strengthened; mining lead England

Tuesday, January 3, 2012

European stocks traded last observed tend to strengthen in session Tuesday, with Britain leading the market upward momentum as traders returned to work after a bank holiday.

Stoxx Europe 600 Index rose 0.6 percent to 248.75, peeling some increase in the opening. Index closed up more than 1 percent in the previous session, encouraged by Germany's economic indicators are well received. It was the biggest one-day percentage increase since December 20.

Following the increase, London's FTSE 100 was reopened and obtain increased 1 percent to 5,632.95. Encourage positive momentum mining stocks, with Rio Tinto PLC shares rose 3.5 percent and Anglo American PLC rose 2.8 percent.

The results of China's official purchasing managers' index released on Sunday is better than analysts expected, with the condition showed growth on the previous contraction.

German DAX 30 rose 0.9 percent to a level of 6,131.27, adding a rise in the previous three days of approval. Auto stocks such as Daimler AG and BMW AG rose nearly 2 percent and Volkswagen AG rose 1.5 percent.

French stock market slumped, with the CAC 40 Index fell 0.6 percent to a level of 3,206.66. Drug group Sanofi SA shares fell 2.3 percent, while France Telecom SA dropped 1.7 percent

News and Economic Review Europe (UK)

UK Manufacturing Exceeds Estimates

Tuesday, January 3, 2012

Reports manufacturing PMI rose to 49.6 in December, after an increase of 47.6 in November, still above analysts' expectations of 47.3 decline.

Senior economist at Markit, Rob Dobson commented that the rise in the December data indicate better prospects in the UK manufacturing sector.

Production levels have stabilized after a natural contraction in October and November due to a solid increase in new export business has offset weak domestic demand. In addition, a decrease of the labor market is also smaller than forecast.

Mine Production 1.3 Future ANTM Cibaliung Tons of Gold

Monday, January 2, 2012

PT Antam Tbk (ATNM) estimates of gold production reached 1.2 to 1.3 tons of mine Cibaliung for the year 2012.

It was announced by the Finance Director of PT Antam Tbk (ANTM) Djaja Tambunan, after the opening of stock markets in Indonesia Stock Exchange Building (BEI), Jakarta, Monday (2 / 1). "In the last year of Mine Cibaliung of 800 pounds, and year 2012 gold production reached 1.2 to 1.3 tons in 2012, "said Djaja.

And for the company's total gold production is estimated at 6.5 tons this year, with an average price of gold is estimated to reach U.S. $ 1,200 per troy ounce.

On the other hand, the company will suspend nickel project in Southeast Sulawesi Pomala earlier this year. This was done to optimize the company's next project.

But management Antam not know until when the termination of the project is done. "" In the first quarter we will pause Pomala Feni project, but we do not know until when and influence to the production of ferronickel, "said Djaja.

And his plan, the company will issue the remaining bonds continued in the second half of 2012. Sabagai information, the company has issued bonds in 2011 I sustained Rp 4 trillion worth at the end of 2011.

As for capital spending this year, Antam budgeted Rp 5, 8 trillion in 2012. Fund capital expenditure will be covered from cash, bonds and bank loans.

News and Economic Review Asia (Korea)

Seoul stocks Opened Up, Leading Technology

Monday, January 2, 2012

Seoul stock market opened up 0.33% on Monday, but the reinforcement is seen limited as investors awaited key U.S. data releases and earnings reports from Korean companies that will provide a clear indication of the direction of movement.

Strengthening in early trade led by technology stocks, with shares of Hynix Semiconductor Inc., which climbed 4:33%.

Korea composite stock price index rose 0.26% to 1,830.54 points.

News and Review of European Economic Zone

Euro Weakens on Asian Markets

Monday, January 2, 2012

The euro suffered losses against the dollar and yen on the first trading in 2012. It is as European stock markets are moving tend to stagnate.

Euri exchange rate fell 0.1% to U.S. $ 1.2946 on Monday morning in London. While against the yen just turns thin. European stock indices and commodities fell to its lowest level since 2008.

While the Nikkei stock exchange, London and the U.S. is still closed. They are still enjoying the new year holiday.

"With many markets closed then it is difficult to make strong market direction. We have a crisis that is still ongoing in Europe and the global demand continued to weaken," said Lim Chang Gue, an analyst at Samsung Asset Management Co.. So quoting bloomberg.com.

News and Economic Review Europe (Germany)

Germany guarantees the European Union is not divided

Monday, January 2, 2012

The economic crisis makes protracted pessimism that the EU market will remain united. But, despite optimism in the euro zone fade, Germany believes that the unity of the single currency will not break.

German Finance Minister, Wolfgang Schaeuble sure the integrity of the euro zone will not disintegrate. "In the 12 months ahead, we believe can prevent transmission to other areas of crisis and bring stability to the region," he promised.

He believes that European governments are in a corridor restructuring the debt crisis. Although, there are many mechanisms that must be perfected. He also asserted that the eurozone is not prone to rupture. "EU leaders will do anything to prevent that," Schaeuble guarantee.

Some of the bail-out schemes that have not agreed to make the European Union threatened separation. Late in 2011, virtually no market optimism appears. Only a convincing Italian bond auction market because it managed to cut yields.

News and Economic Review Europe (France)

2012, France's budget deficit prioritize control

Monday, January 2, 2012

France intends to tighten control of the state budget deficit in 2012. French President Nicolas Sarkozy declared, in addition to state spending, which is a priority country is job creation.

France threatened to downgrade by rating agencies taxable if not able to overcome the country's debt. In recent years, France's debt ratio continues to climb. Therefore, Fitch Ratings cut its outlook for the French debt.

"The steps needed to be done," said Sarkozy in a speech to new year in front of people. Sarkozy stressed, growth will be driven by the increased competition and industrialization.

France is one country that became the foundation of the EU economy. Besides trying to raise the domestic economy, with Germany the country is fighting for the integrity of the single currency euro.

Commodities will Risen Next Year

Friday, December 30, 2011

In 2011 became one of the worst period for the world's major commodities. Many of the components dropped sharply, but still some are able to survive in the midst of a sell.

Some commodities started the year with optimism, panning for gold is 30% during 2010 and silver rose to 84%. No wonder so many observers see an opportunity for gold surged to $ 2,000, silver penetrates $ 50 per ounce and average oil reached $ 100 per barrel. But none of the predictions that proved to the end of this year.

Oil and gold was up the strengthening of the smallest in recent years. Even worse report card ready to be printed by silver, copper, platinum, palladium, wheat, soybeans, cotton, cocoa and sugar, which should swallow up double-digit decline. Natural gas should be decreased even by 30% throughout 2011.

"Commodities are very sensitive to recent economic developments, but the price of gold and some commodities are able to survive," said analyst Tim Franklin Gold and Precious Metals Fund. Gold futures recorded 8.4% higher this year, while oil rose 9.1%. However, trading volume is much lower than last year.

For next year, some commodities likely to strengthen as the climate of economic recovery in the United States (U.S.). "Wriggling of the U.S. economy begins then to Asia and China, it can sustain global demand," commentator John Person, president of NationalFutures.com. While in Japan, the country is also recovering after earthquake disaster. Commodity steel, copper and coal are needed to build infrastructure. Person to be bullish on crude oil and agricultural sectors.

News and Economic Review Asia (Japan)

Nikkei slumped 17 percent in 2011, all eyes to Europe

Friday, December 30, 2011

Japan's benchmark index ended the session higher on Friday but noted a decrease of 17 percent in 2011, a very difficult year in which major natural disaster triggered a nuclear crisis and the turmoil of Europe's debt to drain the volume of trade, leaving uncertainty for investors next year.

Tokyo Electric Power Co. volatilita ups and downs in trade, edging up 0.6 percent following a decline in four sessions after the utility company's trade minister urged them to consider a de facto nationalization in the face of huge costs due to radiation leaks at its Fukushima Daiichi plant.

Tepco has plunged more than 90 percent of its value this year after a devastating earthquake and tsunami on March 11 last destroyed the Fukushima plant, causing leakage of the reactor and mass evacuations.

The Nikkei index edged up 0.7 percent to 8,455.35 level behind the recent positive economic data from the United States, although it failed to achieve its moving average in 25 days which is monitored close to 8479. The broader Topix index which rose 0.9 percent to as low as 728.61. Tokyo market will re-open on January 4 next year.

For this year, the Nikkei dropped 17.3 percent and the Topix fell more than 18 percent, marking a decline in the second year in a row and the worst since 2008.

Italian long-term debt sold on Thursday generate considerable demand even after the European Central Bank to offer loans with reduced interest rate cuts to the bank earlier this month in an effort to draw attention to the debt of state buyers who are struggling European region.

Market participants look for sectors such as construction of infrastructure, homes and building materials, citing the expected demand for reconstruction after the events of March which devastated large areas of the northeast coast.

News and Review of European Economic Zone

Attempting to Recover European exchanges at the end of 2011

Friday, December 30, 2011

Shares in Europe's main stock exchange is able to move slightly up in the last trading session of 2011 on Friday, as the still gloomy outlook in the euro zone next year trying to be balanced by optimism about the U.S. economic recovery after a series of positive economic data released earlier today.

Some economic data from the U.S. housing sector and the Chicago PMI on Thursday to lift the market's enthusiasm towards the sustainability of economic recovery in the U.S., which was enough to give a positive impetus for the market. Nevertheless, the high anxiety about the Italian post-auction financing long-term bonds yesterday made investors reluctant to enter the market before the turn of the year. Italy should provide around? 100 billion to pay down the debt that will mature in late April 2012.

Germany's DAX index and France's CAC has so far managed to crawl up into positive territory with each earn 0.3% and 0.2%. In the UK, the FTSE index tracked flat and still not capable of venturing too far from its opening into the mid-session.

"The anxiety of the European debt crisis continues to haunt the market this year. And for the future, all will depend on how policy makers make better fiscal integration in the euro zone," said Veronika Pechlaner, finance manager at Ashburton European Equity Fund.

However, the major European bourses are still on the path to the worst annual performance since 2008.

News and Economic Review Europe (UK)

Uphill Sterling Against the Euro

Friday, December 30, 2011

Sterling rose again against the Euro as a whole weakened in stock on Friday, approaching the highest level of 11.5 months on speculation that the euro zone debt crisis will worsen in 2012 triggered the investors dumped the single currency euro against the pound sterling on the last trading day of 2011.

Cross EURGBP rate itself has been weakened by 2.5% so far this year, resulting in terkerek pound sterling currency rose against the euro and will end 2011 with positive performance of 1.2%, after touching its highest level in 10-month level of 81.70 last week.

Yet Sterling remains vulnerable to selling pressure against the dollar if European leaders failed to produce progress to solve the problem of the region's debt, which would certainly result in negative impact on UK financial sector.

The greater the chance that the BoE can add quantitative easingnya program next year to boost the economy also become an additional catalyst for the pound sterling negative.

News and Economic Review Europe (UK)

London Exchange End Year With a decrease in

Friday, December 30, 2011

UK benchmark stock index recorded a mild increase in the last trading session of 2011 in session Friday, the benchmark should be resigned to Queen Elizabeth ended the year with a decline after Economic and political turmoil became victims.

The FTSE 100 index ended up 5:51 points, or only 0.1 percent, at close at 5,572.28 level. Only a half-day trading, the London market would still closed because of the new year holiday.

The index is down 5.6 percent compared with the value at the close of the previous year, but in the previous week, the FTSE 100 index in the trade for three days is able to record 1.1 percent rise. FTSE still superior compared to the index in its territory in 2011, where the German DAX 30 index recorded an annual decline of nearly 15 percent while the French CAC-40 fell nearly 18 percent.

Retailer stocks rose today, with shares of J Sainsbury PLC puncaki list of stocks that rose with the increase of 2.3 percent. Retail network of home-Kingfisher PLC rose 0.8 percent and supermarket giant Tesco PLC rose 0.2 percent.

Some bank stocks recovered from the decline in early trading session Friday. Lloyds Banking Group PLC rose 1.7 percent and Barclays PLC rose 0.9 percent. However, shares of Standard Chartered PLC and HSBC Holdings PLC of each recorded a decrease of 0.3 percent and 0.2 percent.

Oil stocks mixed. BG Group PLC rose 0.4 percent. on this day, the company said that his counterpart in Brazil, Petroleo Brasileiro SA, has a certification lading Guara oil in Santos Basin, offshore Brazil.

China Petro - Afghanistan signature in front of Oil Cooperation

Thursday, December 29, 2011

For the first time in history, Chinese oil companies to establish energy cooperation with the Afghan government. Is the China Petroleum Corp. (CNPC), which has won a mining project in northern regions of Afghanistan.

The deal valued at $ 400 million has been signed by both parties. Cooperation is expected to give an income of $ 7 billion to CNPC in the future. "This is a historic day for Afghanistan," said Wahidullah Shahrani, Minister of Mines.

Own exploration of land located in areas that are relatively safe and is estimated to contain 80 million barrels of oil. CNPC managed to beat the rival producers from major countries like the United States (U.S.), Britain and Australia. China Corporate dared to offer a greater value on government contracts than rivals. As for sharing the results of the drilling was 85% for the Afghan government and the remaining 15% to CNPC.

Exploration land size is not large for the company of CNPC. But the deal is expected to be a milestone in greater cooperation in the future. Moreover, the energy ministry Afghanistan claimed that his country still contains 1.6 billion barrels of oil that has not been processed. This amount does not for the Arab and U.S. oil reserves are estimated at 266 billion barrels and 20 billion barrels. But the content of other minerals such as metals and iron in the soil of Afghanistan is quite high. Not to be calculated with other materials whose existence is quite rare on earth.

News and Economic Review Asia (Japan)

Be careful ahead of the Italian bond sales, the Nikkei ended down

Thursday, December 29, 2011

Japan's Nikkei index slipped on the session Thursday ahead of the Italian bond sales which could prove challenging in a thin volume, while the decline in the euro against the yen to decline in the last 10 years the stock hit exporters.

Shares of Elpida Memory by 10 percent after a report said they were likely to delay repayment of 30 billion yen, equivalent to $ 385 million in public funds.

Chip manufacturers are undermining the Nikkei index, which fell 0.3 percent to a level of 8,398.89, alleged decline in stocks in the U.S. and Europe as well as the decrease in the euro amid fresh concerns over the region's debt crisis of European countries. Reverse the decline in the Topix index of beginning of the session and was up 0.1 percent to as low as 722.12.

Italian bond sales of 8.5 billion euros at today will be the focus, as market participants await the results of long-term bonds of Rome since the European Central Bank offered a loan at a discounted price to entice banks to buy government bonds of euro area is struggling.

Shares of Japanese exporters with large exposure to Europe are under pressure. Canon Inc. fell 0.4 percent and industrial robot maker Fanuc fell 0.5 percent. Sony delete a decrease in the initial session and ended up 0.1 percent.

News and Economic Review Europe (UK)

Pound mired in the Lower Level 1.5400

Thursday, December 29, 2011

Pound followed the single currency decline and dropped to below the level of 1.5400 in trading on Thursday as risk sentiment deterioration in the European market following the unsatisfactory results of the Italian debt auction.

The Italian government managed to sell around € 7 billion of bonds 3 and 10-year tenure with each of the yield fell to 5.62% and 6.98%. Results are considered still worried about the immediate trigger for the market participants take off position on the currency risk as Pound, who drowned GBPUSD to below 1.5400 level to touch new lows daily at 1.5361 so far.

GBPUSD is currently offered in the range of 1.5390 or about 0.4% below its opening price. In the case back to 1.5361 low penetration occurs, then the next nearest support would probably be found in the area of ​​1.5340 (Sept 23 low) and 1.5295 (low 5 Sept 2010). In contrast, the nearest resistance is at the psychological level of 1.5400 and 1.5440 area (low-December 28).

News and Economic Review Europe (Italy)

Italian Bonds Auction Ends With Lower Yield

Thursday, December 29, 2011

The Italian government succeeded in auctioning long-term bonds with lower yields on Thursday. Nevertheless, these results seem to lack a positive response from market participants, given the yield on the 10-year bond was still perched slightly below the critical level of 7%, so it has not been enough to dampen anxiety about the risk of transmission to the debt crisis of the 3rd largest economy Euro zone.

Through the auction process on Thursday, the government managed to remove approximately € 7 billion of debt securities that will mature Italy in 2014 and 2022. Although demand in the auction does not achieve maximum results, but remain at between € 5 billion sales target of up to € 8.5 billion that was announced previously.

Italian bond yields sank a 3-year tenure of up to 5.62% from 7.89% previously. As for the 10-year bonds, the yield fell to 6.98% from 7.56% at auction in November.

News and Review of European Economic

European stocks edged up ahead of auctions Italy

Thursday, December 29, 2011

European stocks markets mostly moved higher in thin trade on Thursday morning, driven by rising mining and telecommunications sectors, when the focus switched to long-term bond auctions Italy.

Stoxx Europe 600 Index rose 0.4 percent to as low as 241.13. The index has lost 0.7 percent in the previous session, a movement to stop the rising streak in three days.

Market focus on Thursday will be on auction seebsar 8.5 billion euros the Italian long-term bonds today. The market got a boost Wednesday from a brief session of the news of a successful auction of short-term bonds, but the concern is still the case that the government will have difficulty selling long-term bonds.

Shares of energy group Total SA and BP PLC respectively up 0.6 and 0.5 percent, after crude oil prices rose.

France's CAC 40 Index rose 0.5 percent to a level of 3,087.49, helped by the increase in total stock and stock continued strengthening brup pharmaceutical Sanofi SA, which rose 0.9 percent.

German DAX 30 rose 0.5 percent to a level of 5,798.06, also helped by rising shares of the pharmaceutical sector, with Bayer AG shares rose 1 percent, and technology stocks, with SAP AG rose 0.8 percent.

Vodafone shares rise along with the banking and mining support FTSE 100 Index, which rose 0.2 percent to a level of 5,519.47. Vodafone Group PLC rose 0.7 percent. Lloyds Banking Group PLC rose 1.1 percent and Royal Bank of Scotland Group PLC rose 1.3 percent.

Semester I, 2012, Oil Predicted Translucent to $ 120

Wednesday, December 28, 2011

Crude oil futures rose moderately likely in 2012. The combination of European debt crisis and economic political conditions in the Middle East will still be the primary engine.

European debt problems and political tensions Arab countries vulnerable disturbing level of demand and supply volumes. Furthermore, price movements can be more wild because of the deteriorating political sentiment. Iran, for example, the third largest exporter of the world is threatened subject to sanctions due to nuclear development project.

Nevertheless, the prospects remain favorable given the price of the U.S. economy (U.S.) on the rise. The world's biggest energy consumer needs more supplies to support his business twisted. While the level of demand from Europe certainly decreased. So it is with China, which was feeling the economic slowdown after the triumph of industry. Especially for China, if not there was something special next year, this country's economic growth would not be too low compared to 2011. So it will not drop drastically reduced because government policies tend to be protective of the wheel business.

James Cordier, Finance Manager Optionsellers.com, Fla., estimates that the price is the culmination of about $ 120 per barrel in June or July. Projection refers to the holiday season and summer spree in the United States, the usual push up fuel consumption levels. Cordier also predicts the 2012 lows at $ 85 per barrel.

Oil prices have gained 9% so far this year (until December 23). But most of the time spent under $ 100 oil caused a lot of sentiment shaken.

News and Economic Review Asia (Japan)

Nikkei down 0.1%; Tepco 6 Month Low In Heavy Volume

Wednesday, December 28, 2011

Nikkei down 0.1% at 8434.78 midday in thin volume. "Not many catalysts or participants in the market," said analyst Chibagin Asset Management strategy, Yoshihiro Okumura.

Nikkei will likely hover in the range of 8400-8450 for the rest of the day, he said, noting the majority of Asian stocks fell, and concerns over Italian bond yields and rising oil prices.

Among stocks with the heaviest decline, purchases on the defensive drugmakers; Takeda Pharmaceutical climbed 0.5% to Y3, 315 and Eisai rose 0.6% to Y3, 180. Sharp fell 3.5% to Y686 following news that, Samsung Electronics along with other companies to pay multi-million dollar settlement for LCD price fixing is illegal.

Tepco continue in large volume (now more than 122 million shares, or about 16% of the entire market), after the minister of trade and industry Edano urged the company to consider all options, including a temporary state control. Shares of the previous six months fell to the lowest position to date.

News and Review of European Economic

Wait Euro Bonds Auction Results Italy

Wednesday, December 28, 2011

In Asian markets, EUR / USD is only traded in the range of 1.3060-75 related actions of market participants are awaiting the results of the Italian bond auction today and tomorrow. "Italian bonds auction will be the center of attention, especially with Italian 10-year yield is nearly 7%. This will be a benchmark for market interest in 2012," according to analysts at BNP Paribas.

Euro at 1.3065, according to a team of independent analysts FXstreet.com. Support level at 1.3040, 1.3015 and 1.2980, with resistance level at 1.3100 and 1.3145.

News and Review of European Economic

Euro weakens as rising borrowing costs Italy

Wednesday, December 28, 2011

Euro pelemahannya resumed in the last 3 days against the yen amid concerns over European debt crisis that encourages rising borrowing costs and hamper economic growth in the region.

The euro moved lower against 14 of the 16 other major currencies so far this month approached the Italian bond auction today. A report tomorrow expected to show a decline in business confidence in Italy kelevel lowest in almost 2 years. Not to mention the demand for dollars as an alternative to the U.S. is limited because of data showing the recovery gained momentum.

The euro was dilevel? 101.71 in Tokyo from? 101.81 yesterday in New York. eruo dilevel bought $ 1.3073 from $ 1.3071. The dollar rose to? 77.80 from? 77.88. IntercontinentalExchange Inc. Dollar Index traded dilevel 79.785 and moves to weaken ahead of the third day this week.

Italy is scheduled to sell € 9 billion ($ 11.8 billion) debt and € 2.5 billion bond zero-coupun 2013 today. Some € 8.5 billion of debt securities with a maturity of 2014, 2018, 2021, and 2011 will be auctioned tomorrow.

Italy return for 10 years yesterday rose 2 basis points, or 0.02 percentage points to 7%, a level also encourages Greece, Ireland, and Portugal to seek help.

News and Review of European Economic Zone

Daily-Forex Fundamental Analysis

Wednesday, December 28, 2011

The euro weakened for a third time against each yen among major European debt crisis will trigger borrowing costs and cut off economic growth in the region. 17-country currency is expected to weaken more against 14 of the 16 currencies in the month prior to auction securities Italy today. A report tomorrow will show business confidence data Italy is expected to decline through record lows role in the last 2 years. Demand for the dollar as a hedge to be limited as U.S. data gave momentum of improvement of the country's biggest economy rose.

According to the Italian plan to sell 9 billion euros ($ 11.8 billion) from 179-day bills and as much as 2.5 billion euros in 2013 zero-coupon securities today. This country will conduct an auction as much as 8.5 billion euros of debt that occurred padda 2014, 2018, 2021 and 2022 tomorrow. 10-year bond yield rose 2 basis points yesterday, or 0.02% points, to 7%, a level that befell Greece, Ireland and Portugal to seek financial assistance.

"Risk is a European economic recession. Acts of violence will inevitably hurt the economy ", analysts said.