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News and Review of European Economic

Negative sentiment is hindering Europe Index

Tuesday, November 29, 2011

European stock markets opened on a lower level on Tuesday (29/11). French banks led the decline in the stock performance of blue continent.

Lethargy occurred after a rally on Monday. Investors looking at the euro zone meeting in Brussels as one of the most important event this week. The pressure for market participants emerged from media reports, which stated that the Standard & Poor's will lower the projections to the quality of the French AAA rating to 'negative'. While the rating agency Moody's preparing to cut its subordinated debt rating some EU banks.

The Stoxx Europe 600 (SXXP) fell 0.3% to a level of 229.23, while the French CAC 40 fell 0.5% to as low as 2,997.94. Bank companies such as Societe Generale SA (GLE) lost 1.5%. German DAX 30 (DAX) fell 0.4% to 5,722.73. Britain's FTSE 100 index (UKX) lost 0.2% to as low as 5,300.92. Shares of Remy Cointreau SA (RCO) rose more than 3% after the liquor manufacturer reported the results of the first half earnings.

News and European Economic Review (Switzerland)

Weakened Swissie Consumption Sector Urged Expectation Report

Tuesday, November 29, 2011

In trading pairs USD / CHF during the European session today (29-11) observed the Swiss franc weakened against the U.S. dollar and in the range of 0.9214.

Increasingly less attractive Franc forex investors in line with the expectations of declining performance of the Swiss economy.

The latest information about the UBS Consumption Indicator indicator scheduled to be released by UBS AG is expected to show weak performance in the consumption sector.

UBS Consumption Indicator Indicator expected to show a decline in performance and estimated down from last period value is 0.84.

News and Economic Review Europe (UK)

Sterling Reports Rebound Positive Response UK Housing Data

Tuesday, November 29, 2011

Pound sterling currency to trade GBP / USD pair this afternoon (29-11) observed strong rebound and the pair traded in the range of 1.5509.

Pound Sterling strengthened along with the presence of positive signal in the British economy, where it is shown by an increase in performance in the housing sector in the country.

Indicators Nationwide HPI m / m were reported to have grown 0.4% previously forecast to fall to -0.1% from the previous value of 0.4%.

U.S. Oil Gains in Asia

Monday, November 28, 2011

U.S. crude oil rose in Asian trade on Monday (28/11) after Germany and France make a radical way to make the integration of the EU fiscal.

U.S. crude oil, light sweet crude rose U.S. $ 1.49 to U.S. $ 98.26 per barrel through electronic trading on the New York Mercantile Exchange (NYMEX). While Brent crude rose 89 cents to U.S. $ 107.29 per barrel in London.

Investors become optimistic about the new measures in Europe in addressing the debt crisis. Both countries are aware of no support if only to change the agreement. Finally, they encourage fiscal integration.

European Union finance ministers will meet next Tuesday. They will discuss the operational rules are detailed in the bailout policy. In the meeting it is expected that the new breakthrough agreement.

Euro exchange rate in Asia engaged in the trade are thin, so remove the increase in the last week. The Nikkei index rose to 1.3%.

News and Economic Review Asia (Korea)

Technology and development prop Seoul Stocks

Monday, November 28, 2011

Seoul shares rebound in session Monday after the post the biggest weekly decline in nine weeks, with the rise in technology stocks including Samsung Electronics and LG Electronics led gains.

Reports that the International Monetary Fund assistance to Italy mempertinbangkan center continues to drive the market, analysts said, with institutional investors buying a net 370.6 billion won, or the equivalent of $ 318.19 million worth of stock, buying a third consecutive session.

Korea composite stock price index (KOSPI) finished up 2.19 percent at 1,815.28 points level. KOSPI 200 Index rose 2.4 percent.

Technology stocks rose on expectations of improved sales in the U.S. during the holiday season.

People visiting crowded stores and websites over the Thanksgiving weekend in the U.S., and the average spending per person increased 9.1 percent when the hunters pursue discount prices, the National Retail Federation survey showed Sunday.

Shares of Samsung Electronics Co. Ltd. rose 3.3 percent. LG Electronics Inc. jumped 8.6 percent, its biggest ahrian persenatse increase in the last two months. LG Display Co. Ltd. rose 6.3 percent.

Construction company's shares rose on expectations during a series of overseas contract in December to restore investor confidence in the sector.

Daewoo E & C, up 3.5 percent on Friday after the company announced late last week awarded a contract worth 830 billion won, or the equivalent of $ 712.6 million to build a geothermal power plant in Nigeria. Hyundai Engineering & Construction, up 4.9 percent and Samsung C & T Corp. ended up 6.6 percent.

News and Review of European Economic

Euro Want Debt Crisis Can be Resolved

Monday, November 28, 2011

The euro recovered from a seven-week lows as hopes of improving the presence of a debt crisis ahead of EU summit next week, although investors remain skeptical that there is a current policy. German and French officials now examine the radical method to secure the fiscal deeper integration among countries of the euro-zone.

Sentiment also improved after the daily La Stampa wrote the IMF is preparing a grant € 600 billion for Italy; but IMF spokesman denied this report. German media also report German bonds was studied along with the euro-zone member states are still rated AAA; although the German Finance Ministry denied the report.

"The euro is still vulnerable, especially with the large amount of bonds to be issued euro-zone member states this week," said Jane Foley, analyst at Rabobank. Yield 10-year Italian bonds began to fall after the ECB looks to do the intervention, but sentiment remained bearish due to lack of comprehensive and rapid solutions from European leaders to prevent further transmission of debt crisis.

News and Review of European Economic

OECD: European Debt Crisis Still Become Key Global Economy

Monday, November 28, 2011

Economic cooperation and development organization, known as the OECD issued a outlook that the euro zone sovereign debt crisis became identified key risks to the world economy.

Chief Economist Pier Carlo Padoan said that additional steps are necessary to prevent the transmission of the crisis, including a substantial increase EFSF capacity and more support from the ECB.

OECD predicts GDP growth in the 34 member states are still down from 1.9% this year to 1.6% in 2012, but expected to happen rebound to 2.3% in 2013. Level of unemployment will persist in the range of 8% for up to two years.

Growth in the euro area slowed from 1.6% expected this year to 0.2% in 2012, before eventually recovering to 1.4% in 2013.

News and Economic Review Europe (Italy)

The IMF does not discuss aid package with the Italian

Monday, November 28, 2011

The IMF said it was discussing the package of aid for Italy, as well as the Japanese say there are no talks going on the Group of Seven, amid fears that Italy will be difficult to overcome the cost of lending.

Lender based in Washington is not talking about financial programs with Italian officials, as stated by the spokesman for the IMF via email.

IMF will reportedly lend € 600 billion ($ 798 billion) to Italy to boost investor confidence.

Return for 10-year Italian bonds rose above 7% this month due to investor skepticism about the ability of Italy to control the debt burden. Aid amounting to € 600 billion would allow the Prime Minister Mario Monti to maintain the capital stock for 12 or 18 months and maintain consumer confidence.

IMF aid package that extends a third of Greece, Ireland, and Portugal, has $ 390 billion to be lent to 17 November, based on the data displayed on the site.

Chritian Bank of France Governor Noyer said today that the market seems to have forgotten the power of Italy including the industrial base. Stock eurozone bonds currently are not functioning normally just said in Tokyo.

Dollar hunted as a safe haven, the contract price of gold fell

Friday, November 25, 2011

Gold futures recorded a decline in the world today. At 14:14 pm Singapore time, the contract price of gold for fast delivery fell 0.5% to U.S. $ 1686.60 per troy ounce on the Comex in New York. Meanwhile, the price of gold contract for February delivery fell 0.5% to U.S. $ 1689.60 per troy ounce.

Decrease in the contract price of gold occurs after investors hunt dollar as a safe haven to protect their wealth from the threat of European debt crisis. The condition is of course cut the demand for gold.

"The price of gold seems to be transacted dropped today because the U.S. dollar became the target. Investors hunt safe haven as the dollar and took off his ownership of gold," said David Lennox, resources analyst at Fat Prophets in Sydney.

Just a reminder, the contract price of gold hit a record high on September 6 at the level of U.S. $ 1921.15 per troy ounce.

News and Economic Review Asia (Japan)

New BoJ Intervention Strategy Review

Friday, November 25, 2011

Bank of Japan has sent a questionnaire to the major banks asking if they can help do the BoJ intervention in the forex market abroad; this sinyalkan central bank center review the latest strategies to fight the strong yen. BoJ has done a survey of financial institutions in Tokyo during the last two weeks both oral and written, according to Dow Jones resource.

This survey asks several questions about how banks can help BoJ interventions. Some market participants see this consider the middle of the central bank signaled a new tactic to control the yen. Some even see the possibility of central bank intervention policy do secret interventions during the sessions of London or New York. "Are you a branch overseas transactions can take orders from us? '", Written in the survey.

Traders see the secret intervention abroad can effectively keep the yen from falling below a certain level of recall during this Japan only intervene during Asian trading hours. Traders believe the BoJ may act again if the dollar weakens to pass level 75 against the yen.

Meanwhile, the yen weakened on the New York session. USD / JPY has traded 77.69, near the high levels of daily 77.73

News and Economic Review Europe (Portugal)

General strike against Portugal Disable Saving Step

Friday, November 25, 2011

The workers in Portugal, Thursday (24/11), launched a general strike to oppose the expansion of government austerity measures in the tight 2012 budget with the aim of helping the country to pay its debts.

Public transportation was paralyzed, and most planes are supposed to depart from Lisbon and Porto did not air. Subway line in Lisbon was closed for 24 hours, while the national railway system is also affected.

Postal service workers, hospitals and schools and other public services across the country are joining in the protests. The government initially announced only three percent of civil servants did not show up at their workplace, according to Xinhua reports - which monitored ANTARA here on Friday morning.

But according to the union of Portugal, more than 90 percent of workers participated in the strike.

After a meeting of the government, Parliamentary Affairs Minister Miguel Relvas, a member of Portugal's cabinet, change the tone of his voice. He said, "Make the government, the number is not important. What is important is the difficult situation faced by Portugal only be overcome with peace and hard work."

After Greece and Ireland in 2010, Portugal became the third eurozone country to ask for international bailouts when the country was no longer able to collect fresh funds in the financial market with a sustained interest on the loan.

News and Review of European Economic

Euro-zone Recession Can Experience

Friday, November 25, 2011

Euro-zone can not seem to avoid recession due to tight funding and banking are ragged protracted debt crisis of consumer confidence and business. The continued increase in yield-euro zone government bonds show investors have lost confidence in the ability of European leaders to control the further spread of the debt crisis.

Goldman Sachs predicted the euro zone will fall into recession in the fourth quarter of 2011 due to falling consumer confidence, tight fiscal policy, and the private sector deleveraging process continues. Goldman just expect the euro-zone please register growth of 0.1% for 2012 and see all the funding difficulties of banking as a clear downside risk. "The difficulty of financing banks are not lending, shown in the data; but if the situation continues to worsen the financial condition of enterprises and households," wrote Goldman Sachs research report.

News and Economic Review Europe (Italy)

Italian Borrowing Costs Continue to Rise

Friday, November 25, 2011

Borrowing costs continue to rise after the Italian government bond auctions as investors are still worried about the potential transmission of the euro-zone debt crisis further. Rome did manage to collect funds € 10 billion but have to pay more to get the funds. Two-year bond yield tenured reached 7814%, far higher than the auction in October 4628%.

Even after the auction is over, bond yields surged to a record 8% despite the ECB's latest look to buy Italian government bonds. Governor of the Bank of Italy, Ignazio Visco, Italy express genjot necessary structural reforms for economic activity. "The problem for the Italian public budget policy now reflects the run last year. Macroeconomic policies have not been enough to cover the shortage," the Italian central bank governor said Visco. "Only by improving the structural weaknesses, we can create economic growth for Italy."

Meanwhile, the euro weakened on the New York session. EUR / USD is now trading at 1.3255 level, stay away from high levels of 1.3351 daily

Gold Uphill Sustained Bargain Hunting

Thursday, November 24, 2011

Gold rose on bargain hunting helped Thursday's action, and the strengthening of the stock market after entering the oversold territory after a panic selloff related to the eurozone bond market crisis.

Observed spot price of Gold rose 0.32% to as low as $ 1,697.42 per troy ounce so far, but overall prices have slumped more than 10 percent since reaching a record high level at $ 1,920 per troy ounce in September last.

In the short term, gold must be stable above $ 1725 to trigger a reversal of bullish technical momentum and get more information. Gold is still weakening shortly before the expiration of options contracts as a result of Gold and the owner of the panic that led to the European bond investors to buy U.S. dollars.

News and Economic Review Asia (Japan)

Back Stronger Yen

Thursday, November 24, 2011

The yen rose against 16 major trading partner currencies was along with the increasing demand for the yen as a safe-haven assets. Investors remain worried about the potential transmission of the euro-zone debt crisis and debt problems further U.S. after Congress failed to find a way to trim the deficit. Moody's warning of the potential credit trimming Japan also failed to dampen the yen's strength. "The yen is still ogled as a safe-haven assets due to protracted debt problems in Europe and the U.S.," said Satoshi Okagawa, an analyst at Sumitomo Mitsui Banking.

"Europe is heading towards a recession," said Koji Fukaya, a strategic Credit Suisse Group. "Investors will continue to stay away from the euro due to debt problems that now threaten Europe plunged into recession." Italy will be auctioned bonds worth € 8 billion tomorrow. Yield 10-year German bonds rose 22.9 bps, the biggest rise since 1990, due to start ragunya investors will safe-haven status of German bonds.

News and Review of European Economic

The European Debt Crisis Risk High

Thursday, November 24, 2011

Members of the board of the Bank of England, David Miles said that there is risk of one EU member state may be leaving the European region due to the threat of the region's debt crisis is increasing due to the instability of European bond markets.

Currently no one is sure of the ability of European officials to control the panic the holders of European bonds, thus causing a situation of Europe member states began to hot, he said.

In addition, the clutter debt crisis began to spread to Germany, which is the largest economy in the European region. Therefore, the MPC board members decided to increase the quantitative easing program to offset the risk of the debt crisis of the European region.

News and Economic Review Europe (UK)

Will Sterling Continues Depressed

Thursday, November 24, 2011

Sterling is still struggling near seven-week lows as investors continue to apply the strategy sell on rally due to gloomy economic outlook for the UK. The UK economy grew 0.5% in the third quarter of 2011; but weak demand, business investment and exports also fell, so did not give positive news for sterling. "The weak exports and a slowdown in the euro-zone economy will continue to push sterling in the medium term," said Sebastian Gely, strategic Societe Generale.

Sterling is now traded 1.5511 after briefly reaching 1.5566. The lowest price today will be a key support 1.5495 where penetration can worsen the performance of sterling. Option barriers at 1.5600 area will be able to limit the potential increase.

The potential is limited due to the strengthening of sterling gloomy UK economic indicators and the prospect of further monetary easing Bank of England. "Sterling will continue weakening," said JP Morgan analyst, Freeman Chile. "Yesterday a very dovish BoE Minutes." Minutes show yesterday the central bank monetary council agreed to keep the amount of asset purchases as much? 275 billion but some BoE officials felt the need to increase the number of programs in the future.

News and Review of European Economic

European Stock Rebound Despite Debt Crisis Transmission Shadowed Anxiety

Thursday, November 24, 2011

European stock markets surged on Thursday, recovering from a sharp decline a day earlier was helped by the German IFO data better than expected.

Observed so far terkerek London's FTSE index rose 0.03% to as low as 5,152.50, while Germany's DAX index rose 1.13% at the level of 5,541.0, and the French CAC gained 1.60% traded at 2,863.50.

German IFO business climate index for November rose to 106.6 compared to 105.1 expectations. These data provide some relief on Wednesday after weak demand indicated to German bonds sparking fears that the crisis could spread to the euro zone economy the strongest in Europe.

Despite the increase, but market participants are still worried that the debt crisis of Europe is still potentially hit the stock market performance. This issue will also be on the agenda at the meeting with Sarkozy & Merkel Mario Monti in Strasbourg.

Gold futures Induced Strengthening Dollar Down Sharply

Wednesday, November 23, 2011

Gold futures contract for December traded weaker Wall Street ahead of the opening session on Wednesday, as investor sentiment risk transfer impact on the commodity sectors such as precious metals and oil in selling pressure.

Market participants were surprised by the results of a German bond auction showed disappointing results, as well as providing further evidence that the euro zone crisis has spread from smaller states to the European core countries. If this situation continues, then the mental bond investors tend to prefer the U.S. and the dollar as investors still see U.S. assets relatively more secure.

Gold catalysts Another negative is the poor economic reports from China, along with the strengthening dollar index touched the highest point of the new 7-week due to rising demand for dollars.

Technically, gold is still in a downtrend that is pretty solid, targeting areas of $ 1,604 in the medium term, but is still consistently below the required penetration of the area from 1655 to 1680 weeks to trigger further bearish momentum.

On the top side, closest resistance in the area from 1700 to 1725.

News and Economic Review Asia (Hong Kong)

Material and financial drag Hong Kong to closure

Wednesday, November 23, 2011

Hong Kong stocks end the trading session Wednesday with a decline, dragged down by shares of material and financial-related stocks after investors turned to stock sales by cyclical risk aversion remains high in global markets.

Hang Seng Index ended up 2.12 percent at 17,864.43 level. China Enterprises index ended down 2.76 percent at 9,476.15 level.

Shanghai Composite Index ended down 0.73 percent at 2,395.06 level, continuing the decline for the sixth consecutive session. The index is also closed at its lowest level in nearly a month on worries China toward the possibility of economic hardship after a survey showed factory sector fell drastically in 32 months.

Is also incriminating rotational sales Hang Seng index and profit-taking on the material and financial stocks, following weak overseas markets of Europe noza debt worries and gloomy U.S. growth data.

News and Economic Review Europe (UK)

BoE Minutes overload Sterling

Wednesday, November 23, 2011

Sterling fell after the BoE minutes suggests the need for the addition of further monetary stimulus. "The program asset purchases being carried out take from three months to run," wrote Bank of England minutes. "Stable inflation means the expansion of asset purchase program may be necessary if economic conditions worsen."

"The tone is very dovish minutes. Some officials seem to want to speed up the BoE QE to stimulate economic growth despite difficult in practice. Quite natural for central banks to increase the stimulus," said John Hydeskov, an analyst at Danske Bank. "Sterling still be depressed due to the increasing threat of recession in UK and Europe, the UK's main export markets, "said Lee Hardman, economist BTMU.

GBP / USD dropped to a low level of 1.5554, slightly above the 1.5550 option barrier. Traders look at 1.5550 support will be key if impregnable can open opportunities to the psychological level of 1.5500.

News and Review of European Economic

Investor Survey Shows Opportunity Recession The European Zone

Wednesday, November 23, 2011

Some investors already expect at least there will be a country coming out of the euro zone, according to Barclays Capital survey of 1000 respondents. This condition indicates the collapse of investor confidence to the European zone.

Most will come out to see Greece, while 5% of respondents see there are 5 countries that may be out among others Portugal, Ireland, Italy and Spain.

In addition, 70% of respondents even saw an opportunity to recession in Europe as a consequence of the debt crisis.

News and Review of European Economic

Auction Euro Bonds Slump After Germany Weak

Wednesday, November 23, 2011

The euro slid versus the dollar after German auction of 10-year government bonds, known as a bund, the results are bad.

The planned sales of 6 billion euros ($ 8.1 billion) attracted a bid of 3.9 billion euros, with the Bundesbank accepted a bid of 3.64 billion euros.

Central banks, which conduct auctions on behalf of the German Finance Agency (GFA), 2:36 withstand billion euros, bringing the total to 6 billion euros plan. Published the results of the auction average of 1.98%.

Economist at RBC Capital Markets said the bid to cover ratio of the share of the auction at 1:07 is the weakest since 1999.

Dollar versus the euro extend losses by fast trade under $ 1.34 and is still down 0.8% at $ 1.3402 on the action today.

Gold Soar From the point of 1-Month Low

Tuesday, November 22, 2011

Gold rebounded from one-month lows in the European trading session on concern debt in the U.S. and Europe have spurred the demand on this precious metal as a protection against wealth.

After a sharp weakening of the Golden kemairn, it appears an increasing demand on physical gold as investors diversified needs of asset stocks and currencies amid debt crisis and economic slowdown concerns. Looks even gold ETF holdings rise 2 metric tons yesterday to a level of all-time high at 2,341.94 tonnes.

Demand is still high on the Gold bullion and coins, supported by expectations global economic growth outlook is low enough to allow interest rates persist at low levels for a longer period of time.

The technical, bias intraday still bearish gold, at least after the area $ 1680 & $ 1665 in the short term, on the side of it, the level of resistance close look at the area of ​​$ 1700, see-through back above that area could trigger further bullish momentum to the resistance further in the area of ​​$ 1715 - $ 1725 .

News and Economic Review Asia (Japan)

Nikkei decline wiped out, rose from the level below 8 months

Tuesday, November 22, 2011

Nikkei penurunanya wiped out after being dropped to the level of decline in eight months today because of the sell risky assets over the lack of development of debt problems in the U.S. and Europe, but investors still amengatakan index likely will continue to fall into decline at the beginning of the earthquake in March.

Tokyo Stock Exchange and Osaka Securities Exchange Co. Ltd. announced they will merge to form the world's third largest stock exchange, thus bringing the Osaka stock exchanges rose.

Market participants said there was reluctance to push down the prices of holidays in Japan ahead of next Wednesday amid debt problems overseas, the risk of decline below the 8.227 level and try to touch on 15 March.

The Nikkei slumped 0.4 percent in thin trading to 8,314.74 after the beginning of the session had dropped down to the level of 8,261.01. But the Topix index rose 0.1 percent to as low as 717.79 after a drop to a level of decline in the last two and a half years at 709.86.

In the U.S., a bipartisan deficit reduction committee admit defeat and abandon efforts to three months of negotiations to get pamnagkasan budget of $ 1.2 trillion.

Concerns are also mounting about the debt crisis of Europe, with Moody's said the rise in interest rates over the current French government debt and the weakening outlook for economic growth may likely result in negative credit rating for France.