News and Reviews European Economic Zone

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[mynameisandhy]

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

[mynameisandhy]

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.

[mynameisandhy]

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.

[mynameisandhy]

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.

[mynameisandhy]

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.

[mynameisandhy]

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.

[mynameisandhy]

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.

[mynameisandhy]

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.

[mynameisandhy]

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.

[mynameisandhy]

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.

[mynameisandhy]

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

[mynameisandhy]

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.

[mynameisandhy]

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.

[mynameisandhy]

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.

[mynameisandhy]

High Debt, Make EU Vulnerable

 

Monday, March 28, 2011 08:30

 

After Greece and Ireland, one by one EU member state must bailout. In Portugal, these conditions force the resignation of Prime Minister Jose Socrates. How fragile the Eurozone economy.

 

Senior Economist Center for Strategic and International Studies (CSIS) Djisman Simandjuntak said the case in some EU member states was triggered by a breach of the Stability Pact. Among other things, the debt ratio should not exceed 60% of gross domestic product (GDP) and annual borrowings should not exceed 3% of GDP.

 

According to him, all countries should abide by the euro denominated pact. But, that's who violated the member countries of the European Union called Gypsies (Greek, Italian, Portugal, Spain and Ireland. "Because, its debt was well above the maximum level," he told INILAH.COM, in Jakarta, yesterday .

 

Based on data from the International Monetary Fund (IMF), in 2010 the ratio of debt to Greece's GDP amounted to 124.9%, 120.1% Italy, Portugal 84.6%, Ireland 82.9%, and Spain 66.3%. "For the moment, Portugal, is one of the countries most affected by the ratio of debt," he said.

 

Therefore, he continued, is a recipe to deal with macro-economic tightening. The state budget that had to be shortlisted. "But, on the other hand, tightening it just raises the problem of unemployment," said Djisman.

 

He also explained, the high debt ratio of Gypsies is a problem for the eurozone as a whole because it has the same currency is the euro. Whatever actions taken large debtors, influence on European countries to another. "Thus, countries with high debt ratios is not possible to avoid a bailout from countries with low debt ratios," he said.

 

Other European countries debt ratios are low, do not want to weaken its currency due to its neighboring countries which have high debt levels. "In fact, every debt crisis, will drag its currency weakening," said Djisman.

 

If the euro continues to weaken, the wealth of German, French, Dutch and other European countries are also eroded. Purchasing power was weakened and the level of consumption tends to fall. "National income would weaken the country concerned. Would not want to be the bailout of the debtor countries that, "he said.

 

But the bailout still leaves a dilemma. Because, bailout followed by the number of terms. One of them is cutting state expenditure. In this situation people usually rebel. "Subsidy education, unemployment, food and fuel oil (BBM) will be reduced which in fact is not desirable people," he said.

 

Moreover, the Europeans are accustomed to luxurious living. But, indeed in a swollen debt situation, there is no way other than the bailout. If the debt is too large, the savings should be done. "The choice is not much. Spending cut or taxes raised where the people are not willing, "she says.

 

In economics, Djisman admit there is nothing at no cost. If a large expenditure, the tax must also be large. If you do not want huge taxes, the debt must be large. "It's just that, as a member of the European Union, the debt must not exceed the terms of earlier, more than 60% of GDP," he said. As a result Djisman firm, Europe's fragile because the country's debt exceeds that limit.

 

For Indonesia, said Djiman, Europe's debt crisis is not a threat. Because, RI trading partner more with East Asia. Only, there's little or big influence. Because, in some commodities, RI exports to Europe is big enough, such as textiles, coffee, palm oil and shoes. "Indonesia should shift its market to Asia and the Middle East problem is not expected to deteriorate," he added.

 

So far, the Portuguese government continues to refuse international aid following the resignation of Prime Minister Jose Socrates on Wednesday (23 / 3). Cabinet spokesman Pedro Silva Pereira said the government would continue to oppose the possibility of requesting foreign ***istance. "Our position is clear, rejecting foreign aid," he said.

 

The Government considers aid can still be avoided. Foreign aid will have serious consequences for the economy. Opposition parties in Portugal refused to support the new tightening policy package announced by the minority Socialist party on March 11, 2011.

[mynameisandhy]

European Exchange Slightly Higher, News Corporation Helps

 

Monday, March 28, 2011

 

European stock markets traded slightly higher Monday, with a healthy corporate news helps maintain a positive tone, although there is still uncertainty surrounding the global economic health.

 

At 0820 GMT, Europe's benchmark Stoxx 600 index rose 0.2% at 276.50. London's FTSE 100 index 0.2% higher at 5914.66, Frankfurt's DAX index 0.3% higher at 6964.83, and the Paris CAC-40 index rose 0.3% at 3984.48.

 

Helping push higher London market is the pharmaceutical giant AstraZeneca PLC, which raised full-year profit targets after reaching a settlement with the UK and U.S. tax authorities on transfer pricing arrangements. As a result of the agreement, the company's effective tax rate is estimated to 6% lower than expected from this group, so raising the target for full year 2011 core earnings per share. AstraZeneca shares rose 1.3%.

 

Nokia shares rose 2.2% after Goldman Sachs raised rating on the stock to buy from neutral, while Alcatel-Lucent shares rose 5.9%.

 

Nomura analyst advised investors not to be defensive in the stock market to gain more likely.

 

"Earnings momentum has clearly slowed down in Europe due to margin pressures bite, but with the revised earnings are still positive, economic and earnings surprise in the trend, and low valuation, we see no slow EPS revisions establish a new bearish trend for the market," said Nomura.

 

Also helping is a positive tone selloff in oil prices in Europe.

 

Efforts by the Organization of Petroleum Exporting Countries to ease concerns about supply disruptions have resulted in the market.

 

OPEC President M***oud Mirkazemi repeat last weekend that the current political events in the world still does not guarantee an extraordinary meeting of the cartel and that there is no need for discussion on current oil prices or additional production.

 

At 0830 GMT, on the New York Mercantile Exchange, light, sweet crude futures for May delivery traded at $ 104.79 per barrel, down $ 0.61 on the Globex electronic session.

 

At 0835 GMT, the euro traded at $ 1.4076, down from $ 1.4087 late Friday in New York. Dollar was trading at Y81.76, up from Y81.33. However, the Australian dollar was at $ 1.0288, after hitting a high $ 1.0316.

 

Elsewhere, spot gold traded at $ 1,418.70 per troy ounce, down $ 8.80 from New York on Friday, while the benchmark German bund contract for June delivery was down 0.47 at 121.56.

[mynameisandhy]

Haunted Debt Crisis Euro, Sterling inhibited by interst rates

 

This week's issue of European debt crisis will continue to haunt the strengthening Euro and the currency could sink again when they appear downgrade news for Spain from a third country credit rating agencies, S & P, Moody's and Fitch.

But speculation that the ECB rate hike soon be decided in April to make the euro rose again to record euro zone CPI data later on Thursday appeared better than the forecast 2.3%.

 

While in England, the possibility of higher interest rates are still hampered by issues of economic growth in Britain is not yet stable. This week's PMI manufacturing index data will be the market spotlight. When the index numbers come out better than 60.6 will increase expectations for the BoE interest rate hikes in the near future.

[mynameisandhy]

European Economic Zone Optimism Decrease In March

 

Wednesday, March 30, 2011

 

Sentiment in the euro-zone economy declined in March because of unrest in the Arab world launched a comprehensive oil prices and Japan has been hit by devastating earthquakes, tsunamis and fears of the spread of nuclear, official data showed on Wednesday (30 / 3).

 

The monthly report of the European Commission (EC) shows that despite strong sentiment in the industrial sector, slumped in the service sector, consumer, retail trade and construction. Size of business optimism commission also fell for the first time in 9 months.

 

European Commission's Economic Sentiment Indicator say all for the 17 nations that make the currency fell to 107.3 in March from 107.9 in February. The decrease is slightly larger than the market consensus estimate fell to 107.5 from Dow Jones Newswires survey.

 

Commission's business climate indicator fell to 1:41 from 1:46 in February - which is the highest record since May 2000. It was the first time the business climate indicator fell in June - and also exceeded economists' expectations of a setback to 1:43.

 

The size of strong sentiment in the industry to survive in 6.6 in March - exceeding expectations of economists in a note 6.0. Sentiment in the industry for the European Union (EU), the overall increase support from a strong rise in the UK, the Commission said it.

 

Nevertheless, the Commission said it expected industrial production fell in the EU and the euro area, although progress on the ***essment of the level of order bookings and an increasing number of managers considering their stock is not sufficient. Managers are also slightly more pessimistic about the order's exports, he said.

 

Commission indicator of consumer optimism fell to -10.6 in March from -10.0 in February - reflecting more pessimistic about the future general economic situation, financial situation and possible future customers to save money in the next 12 months.

 

Consumer section of the report also shows there is a sharp rise in view of the size indicator of price trends over the next 12 months to 30.8 in March from 25.7 in February.

 

That is a sign of inflationary pressures are formed in the euro zone and possibly spur fears the European Central Bank (ECB) may raise interest rates for the first time in almost 3 years in April.

 

Elsewhere, the Commission said the measure sentiment in services fell to 10.8 from 11.2 in February, while retail trade notes fell to -1.5 from -0.2. Construction sentiment indicators are still very weak, falling to -25.0 in March from -24.2 the previous month.

[mynameisandhy]

European markets opened higher education; Hope In Recovery

 

Wednesday, March 30, 2011

 

European Stock Exchange pushed higher Wednesday, encouraged by the positive tone out of Asia as investors shifted their focus to the macro data that are generally healthy and away from the current geopolitical uncertainties.

 

At 0910 GMT, the European Stoxx 600 index rose 0.7% to 278.50. national index between, London's FTSE 100 index up 0.5% at 5960.32, Frankfurt's DAX index 1.3% higher at 7022.49, and the Paris CAC-40 index rose 0.8% at 4021.23.

 

Gains in Asia helped this tone, with the key Tokyo market rose by a weaker yen and news that many companies are restarting production after the devastating earthquake this month.

 

Japanese industrial production also rose for the fourth consecutive month in February, data showed on Wednesday, in another sign the economy has recovered to the state before a devastating earthquake and tsunami.

 

Factory output rose 0.4 percent seasonally adjusted in February from the previous month.

 

The Nikkei Stock Average closed up 2.6%, the highest closing level since March 11, while Australia's S & P / ASX 200 rose 1.3%, South Korea's Kospi Composite rose 1.2%, and Hong Kong's Hang Seng Index rose 1 , 6%.

 

Now attention will turn to the news of the U.S. economy, the largest in the world.

 

Nonfarm payrolls data on Friday will be key again expected to show healthy employment picture. Meanwhile, the ADP employment figures - seen by many indications of wage rates will then be released in 1215 GMT.

 

Mining stocks led the advance as copper prices rose. Europe's Stoxx 600 index for this sector rose 1.8% at 610.02. BHP Billiton added 2.6%, while Antofagasta rose 2%.

 

Stora ENSO rose 1.5% after Morgan Stanley raised to Overweight rating on the company from equalweight.

 

Elsewhere, investors retreated from the UK electrical retailer Dixons since warned of a decline in consumer confidence, lower the profit target for this year and said it was considering exit from the Spanish operation.

[mynameisandhy]

UK Economy News and Reviews

 

Sterling Strengthen Service Sector Growth

Wednesday, March 30, 2011

 

Sterling rose after data showed the strongest growth in the service sector in the last nine years and an increase in retail sales, this could be an argument for the Bank of England to Tighten monetary policy by damping inflationary pressures. The services sector index rose 1.3% in January, higher than the previous publication which fell 1.1%, according to data released by the Central Bureau of Statistics. ***ociation of British Industry (CBI) also reported retail sales index rising to 15, higher than the estimated 1 and a publication February 6.

 

"Data services sector and improved retail sales rises; this may be an indication of economic recovery in the first quarter and give more arguments for the Bank of England meeting in April," said Nick Stamenkovic, RIA Capital Markets strategic. "If England can Put the growth in the first quarter of 2011, the top br*** that called for the detention BoE interest rate can be a supporter of monetary tightening."

 

Despite the sterling strengthened in the London session, traders remained skeptical of the prospect of sterling in the near future. "Until sterling stable over the area of ​​$ 1.6070/80 then bearish still dominate," said Michael Hewson, CMC strategic market. "To be stable, it need Put sterling closing level in over $ 1.6020/30."

[mynameisandhy]

News and Reviews European Economic Zone

 

Coming Strong Euro CPI Data

 

Thursday, March 31, 2011

 

The euro rose in Asian markets related to purchases made by investors due to short-term outlook for the euro zone CPI data in March which will be released at 16.00 predictable showed inflationary pressures continuing, according to ECB council member, Bini Smaghi on Wednesday.

 

A forex dealer at the Bank of Japan estimates that the number according to estimates. Growing speculation over monetary tightening ahead of ECB meeting next Thursday to push the euro to 1.4300 range next few sessions of the range of 1.4135, he added. But concerns about the widespread problems of debt can limit the strengthening euro, although Schaeuble German finance minister said Wednesday that the problem only affects little Portugal in Spain.

 

"Market participants tend to see comments that have past since they have to focus on this issue," said the dealer. Bad news from the euro zone can drag the euro to 1.4100 level, he added.

[mynameisandhy]

News and Reviews European Economic Zone

 

Euro Zone Manufacturing Growth Slows in March

 

Friday, April 1, 2011

 

The rate of growth in euro zone manufacturing sector slowed slightly more than expected in March, while factory gate prices rose at the fastest rate on record, the end result of a survey by Markit financial company information showed Friday.

 

"Jump in a record average price charged for goods will further encourage the European Central Bank raised interest rates sooner, rather than later, which may encourage further the differences between member states [euro-zone]," said Chris Williamson, chief economist at Markit.

 

The Markit Euro-zone manufacturing purchasing managers index ', is a measure of activity in this sector based on a survey of around 3,000 firms, fell to 57.5 in March from the top 10-and-half-year in February from 59.0. A reading above the neutral level of 50.0 indicates the sector is growing.

 

Economists expect no change from the flash, or early, 57.7 reading in March, according to Dow Jones Newswires survey of economists. Reading flash, which was published on 24 March are based on 94% of responses used in the final data, according to Markit.

[mynameisandhy]

News and Reviews European Economic Zone (UK)

 

UK Manufacturing Growth Slow More Than Expected

 

Friday, April 1, 2011

 

UK manufacturing sector grew significantly faster than expected in March, while inflation pressures grew to a record high, a survey by Markit Economics and the Chartered Institute of Purchasing and Supply indicated on Friday (1 / 4).

 

The Purchasing Managers' Index (PMI) for the manufacturing sector fell to 57.1 in March from a downward revision to 60.9 in February.

 

Economists in the Dow Jones Newswires poll estimate PMI fell slightly to 60.5 from a record at 61.5 in early February. That figure is the highest incorporated almost in 20 years.

 

March figures still show a strong expansion in manufacturing. Figures below 50 indicates activity from the previous month.

[mynameisandhy]

News and Reviews European Economic Zone

 

European Exchange Will Open Low

 

Monday, April 4, 2011

 

European stock markets will start lower Monday as investors took profits after strong on Friday, said Jonathan Sudaria at Capital Spreads.

 

How London's FTSE 100 down 18 points at 5992, Frankfurt's DAX index fell 12 points in 7168, and the Paris CAC-40 fell 18 points in 4037. "While the image of the U.S. labor market improvement in capital markets and promote global economic outlook on Friday, traders now need to ***ess the consequences for monetary policy," added Sudaria.

 

As a result, the bank interest rate announcement on Thursday from the Bank of England and European Central Bank will be the focus. The economic data Monday, the euro zone PPI at 0900 GMT.