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  • News and Reviews European Economic Zone

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  • #2
    Technical Rebound, European Stocks market opened up

    Thursday, March 17, 2011

    European stocks rose in trading Thursday (17 / 3) morning after declining 7% during the last six sessions, but more due to a technical rebound while the Japanese crisis kept investors pulled.

    Reuters reported the FTSEurofirst 300 index rose 0.7 percent to 1074.48, bouncing back from its lowest level for 3.5 months on Wednesday amid growing fears that Japan's woes will derail the global economic recovery. FTSEurofirst 300, and the Euro Stoxx 50, Britain's FTSE 100, Germany's DAX and French CAC 40 are all deep in the 'oversold territory' on Thursday before the opening, with the relative strength index (RSI) under 30.

    U.S. stocks fell 2 percent on Wednesday, with the S & P and Nasdaq turned negative for the year, while Japanese stocks fell further and the yen surged to a record high against the dollar. "The fall has been so far, but still very apprehensive. There Shor covering for the moment and we continue to look out," said David Thebault, head of quantitative sales trading, at Global Equities, in Paris.

    Sources
    http://pasarmodal.inilah.com/read/detail/1332242/technical-rebound-saham-eropa-dibuka-naik

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    • #3
      PPI +0.7% Germany this month, +6.4% This Year

      Friday, March 18, 2011

      Producer prices in Germany, Europe's biggest economy, rose at a faster pace in the year in February, largely as a result of higher energy prices, although the monthly price increases slowed, the Federal Statistics Office said Friday.

      Producer prices rose 0.7% in February and increased 6.4% this year, statistics office, or Destatis said. The figures are in line with estimates from Dow Jones Newswires survey. In January, Germany PPI rose 1.2% on month and 5.7% this year.

      Annual rate of producer price inflation in February was the highest since October 2008, when it reached 7.3%, Destatis said.

      Statistics Office said that "energy prices accounted for half of both the total annual rate in February." Energy prices showed an increase 11.0% this year and rose 0.9% in the month, he said.

      Excluding highly volatile energy prices, producer prices rose 0.6% on month and rose 4.5% this year.

      Price of intermediate products, used in the production process, increased 1.1% on month and 8.5% this year, with the latter being all-time high, Destatis said. The reading was primarily due to higher metal products, the prices which rose 2.4% on month and 22.4% this year, he said.

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      • #4
        Switzerland Producer February, the Import Price Index +0.5% YY

        Friday, March 18, 2011

        Switzerland producer and import prices rose in the year in February, driven by high energy and metals prices, data released Friday showed.

        Index for February rose by 0.5% this year and rose 0.2% in the month, the Swiss statistical office said.

        Estimated average of four economists was for a gain of 0.3% in the year, and 0.2% on month, according to a survey DJN.

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        • #5
          The European Exchange Opens Higher

          Monday, March 21, 2011 14:24

          European stock markets will open higher, following overnight gains in Asia after progress has been made in Japan's nuclear crisis over the weekend.

          "It is enough to give support to risk assets so far," said RBC Capital Markets. According to IG Markets Spreadbetter FTSE 100 rose 36 points in 5754, the DAX 65 in 6729, the CAC-40 rose 32 points in 3842.

          Despite a positive opening, attack allies in Libya is likely to add some pressure on the market with crude oil prices rose above $ 102 per barrel.

          No major regional economic figures for today, so the market will focus on U.S. existing home sales (existing home sales) at 1400 GMT.

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          • #6
            European stock markets soared Monday, Japan's nuclearplants power to improve

            Monday, March 21, 2011 16:31

            European stock markets soared Monday, with the situation in Japan's nuclear power plants Fukushima Daiichi continue to improve, and disposal operations in Germany Deutsche Telekom T-Mobile U.S. AT & T encourages the telecommunications sector.

            Over the weekend, Japan's leaders voiced optimism that the worst of the nuclear crisis ended, raising hopes that the plants attacked by the cooling system can be restored.

            It has provided support for risky assets. However, investors still have to assess the potential impact of geopolitical uncertainties, with the focus now has shifted from Japan to Libya as an ally under attack UN noted Ian Williams, strategist at Altium Securities.

            However, "the meaning of Libya impact on the wider global economy is far smaller, beyond the inevitable impact on oil prices, so the new week will begin with a sustainable recovery of risk appetite," added Williams.

            At 0915 GMT, the European Stoxx 600 index rose 1.5% at 271.58. London's FTSE 100 index 1.1% higher at 5778.97, Frankfurt's DAX rose 2.2% to 6809.75, and the Paris CAC-40 was 1.8% higher at 3879.98.

            Telecommunications sector posted the strongest gains after Germany's Deutsche Telekom agreed to sell units of its T-Mobile U.S. AT & T Inc. and worth $ 3.9 billion stock deal. Deutsche Telekom shares jumped 12%, while fellow Vodafone Group rose 4.2% and France Telecom added 3.3%. Europe's Stoxx 600 Telecommunications Index climbed 3.8%.

            "The company of this nature on this scale could provide a boost to asset risk in the short term because of the negative news that has dominated the headlines recently has subsided," said Gary Jenkins, an analyst at Evolution Securities.

            Elsewhere, insurance stocks posted strong gains after Swiss Re, the estimate is lower than expected claims of $ 1.2 billion from Japan's earthquake and tsunami. Swiss Re shares rose 2.1% while peer Munich Re added 2.2%. Europe's Stoxx 600 insurance index rose 1.6%.

            Despite the positive tone, the Middle East and North Africa to prevent further crises flows into risky assets. Over the weekend, Western forces attacked Libya, the enforcement of UN resolutions aimed at stopping attacks against civilians to suppress resistance against the regime of Moammar Gadhafi long.

            Libya's main news sent crude prices higher and sparking fears that expensive oil could derail global economic growth. At 0915 GMT, Nymex April crude oil futures rose $ 1.55 at $ 102.62 per barrel.

            Looking to the economic agenda that day, the scheduled release of some data from the UK or Europe. In the U.S., however, home sales data for February at 1400 GMT.

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            • #7
              European Exchange Will Open Slightly Lower

              Tuesday, March 22, 2011

              European Stock Markets to be opened slightly lower Tuesday, with traders still see the effects of earthquake of Japan in global growth, said Jonathan Sudaria at Capital Spreads.

              How London's FTSE 100 fell five points in 5781, the Frankfurt DAX down 18 at 6798, and the Paris CAC-40 dropped one in 3903.

              Sudaria also noted the large amount of debt the Japanese seem to be required to be paid and will push debt to GDP ratio well above the level of 200%.

              No data for euro zone primary today, but in the UK, CPI and net public sector borrowing at 0930 GMT, while the CBI industrial trends at 1100 GMT. In the U.S., house price index at 1400 GMT.

              Comment


              • #8
                European stocks firmer to fourth day

                Stock exchanges in Europe continues to move higher on Tuesday, to continue strengthening into 4 consecutive days, with stocks led by financial and insurance sectors. While the German company's shares retailer, Metro AG, slipped after saying that the turmoil in the Middle East and North Africa, plus the Japanese earthquake and the Euro zone debt problem is still not finished may hamper the company's earnings target.
                Eurostoxx 50 index gain 0.7%, while the French CAC index rose 0.48% and Germany's DAX index moved relatively flat. In Britain, the FTSE index rose about 0.4% within one hour after opening.

                Investor sentiment has recently improved as the progress made in the handling of the damage to the reactor at the Fukushima Nuclear Power Plant.

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                • #9
                  Trichet's ECB Comments-Limit Correction In Euros

                  Wednesday, March 23, 2011

                  Toward noon the euro lies below the peak level in 4 ½ months on Wednesday related to concerns about debt problems in Portugal and Ireland have lessened interest in this single currency.

                  EURUSD wipe out gains against the greenback earlier disesi primarily driven by investor speculation that Irish banks will have difficulty in paying its debts.

                  "Concerns over debt crisis of the region re-sticking," said Andrew Wilkinson, senior market analyst at Interactive Brokers Group LLC, Connecticut. "European Central Bank is ready to raise rates, and it adds pressure on European policymakers to immediately improve the mechanism of the bailout."

                  Comments from ECB President Jean-Claude Trichet and other ECB policy makers, who confirmed their readiness for immediate action to overcome the pressure of inflation, has given euro support in the last few sessions and restrict Euro deeper correction.

                  Comment


                  • #10
                    European Exchange Will Open Low

                    Wednesday, March 23, 2011

                    European stock markets will open lower Wednesday as high oil prices and continuing unrest in the Middle East burden of risk appetite, says Jonathan Sudaria at Capital Spreads.

                    How London's FTSE 100 down 22 points at 5741, Frankfurt's DAX down 17 at 6764, and the Paris CAC-40 dropped 15 in 3878. Carefully add to the atmosphere of increasing anxiety about the euro-zone debt crisis, said Sudaria, as Portugal prepares to vote on saving measures on Wednesday.

                    To release the data today, the minutes of the BOE England and Budget will be released at 0930 GMT and 1230 GMT, respectively. U.S. new home sales at 1400 GMT, and euro zone consumer confidence at 1500 GMT.

                    Comment


                    • #11
                      Sterling Down, Crop Early Strength

                      Thursday, March 24, 2011

                      Sterling is still moving ranging from the mid U.S. session, trading between 1.6225 and 1.6265, after the drastic decline of the 1.6380/1.6400 area on Wednesday, pressured by the BoE meeting.

                      During the Asian session (this morning), Sterling rose about 40 pips to 1.6265 area, but can not sustain the strengthening and back down, largely due to the EUR / USD. Sterling is currently trading at 1.6235 area, barely changed since opening. Yesterday was the low level of around 1.6220, which should be seen support that limit at the same level.

                      Comment


                      • #12
                        European meeting overshadowed Euro

                        Thursday, March 24, 2011

                        The euro is still shadowed by anxiety inability European leaders to agree on solutions to solving the debt crisis. Euro depressed in the Asian session after Moody's cut the credit rating of the Spanish banking system and the resignation announcement of Prime Minister of Portugal. However, the improved performance of the European services sector managed to restore the euro in early London session.

                        "European leaders seem difficult to reach an agreement and now comes the anxiety on the ability of funding some governments in Europe, is negative for the euro," said Tsutomu Soma, a dealer Okasan Securities. Jean-Claude Juncker, chairman of euro zone finance ministers, yesterday pointed out the German objections to the proposal to inject capital bailout permanent facility to be established 2013. German Chancellor Angela Merkel was urged to change the payment mechanism of the European Stability, according to German government officials. langsungkan European leaders meeting in Brussels two days, investors may look forward to the results of the meeting which was released Friday night, 25 March 2011

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                        • #13
                          European Exchange Will Open Up

                          European stock markets will push higher Friday, after closing Thursday at the U.S. strong and solid gains in Asia overnight, said Capital Spreads.

                          "The market seems to be repeating the bullishness yesterday as traders shrugged his shoulders above all the negative news surrounding the euro zone debt crisis [with Standard & Poor's issued a rating over Portugal Thursday] and instead focus on improving corporate earnings," he added.

                          Tips FTSE 100 rose 48 points in 5929, the DAX up 54 points in 6988, and the CAC-40 rose 29 points in 3998. In economic data, euro zone M3 and the German Ifo survey both at 0900 GMT. In the U.S., the third release of 4Q GDP at 1230 GMT.

                          Comment


                          • #14
                            Euro Still Fatigue Issues in Central Portugal

                            Monday, March 28, 2011

                            In late morning trading session on Monday, the euro currency are still moving in the range of weak after the end of last week declined due to increased anxiety worsening debt crisis in Portugal after Standard & Poor's cut its credit rating of the country.
                            Meanwhile, Spanish Prime Minister Jose Luis Rodriguez Zapatero said he was not concerned about the widespread threat of prolonged political instability Portugal. Spain itself has been estimated to be the candidate most likely to become the Euro zone countries to-4 that followed Greece, Ireland and Portugal to request a bailout maybe.

                            Technically bearish pressure will continue to urge the EUR to break the psychological level of 1.4000. Rupture of this important level will support the continued bearish toward 1.3950 and 1.3900.

                            Comment


                            • #15
                              Issues Interest Rates Urged Sterling into Negative Territory

                              Monday, March 28, 2011

                              Sterling is expected to still be moving in negative territory on Monday after experiencing the deepest weekly decline over the last month against 10 currencies of developing countries, triggered by worries about a shrinking of economic recovery in the UK and the Bank of England likely to delay rate hike.

                              The pound slipped to the lowest level in 5-session streak against the USD and also touched the weakest level since November against the Euro with increasing speculation that higher interest rates in Europe would be much faster than in England.

                              "Expectations of interest rate hikes in the short term could provide support for the Sterling, but the sentiment has been displaced by the magnitude of the potential market fears of economic slowdown in the UK," said Ian Stannard, senior currency analyst at BNP Paribas SA in London.

                              Comment

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