mynameisandhy Posted October 17, 2011 Author Report Share Posted October 17, 2011 News and Review of European Economic European Stocks Stable, Welcomes G20 Meeting Results Monday, October 17, 2011 European stock markets continue rally on Monday, as investors responded positively to the commitment of European finance ministers after the G20 meeting over the weekend that have committed to take action quickly and decisively address the debt crisis of Europe. This comment sparked positive expectations on the EU summit on 23 October, anticipating the perfect solution terkerek European stock markets rose, but looking ahead there is still a risk of weakening if policymakers fail to provide solutions. Other data are awaited earnings reports among other banking giants, Citigroup Inc. and Wells Fargo & Co. before the opening session of New York. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 17, 2011 Author Report Share Posted October 17, 2011 News and Review of European Economic European Banks Need Additional Capital Monday, October 17, 2011 Christine Lagarde, director of the International Monetary Fund, on Monday said that European banks should strengthen their capital. "Priorities for European banks is to seek funds from their shareholders and as a last resort, if this is not enough, collective mechanism, which may include state intervention, may be approved," he said in an interview with Europe 1 radio on Monday the afternoon. He added that banks should protect their retail activities of investment banks. Lagarde said the IMF does not require additional funding to support countries that might need it. "I think the IMF has a proper way for the moment," he said. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 18, 2011 Author Report Share Posted October 18, 2011 News and Review of European Economic EFSF Will Not Be Bank Tuesday, October 18, 2011 European officials expressed frustration looking for a formula effectively channeling the bailout. No wonder so many controversial discourse began to arise in the market. One is the idea to position the European Financial Stability Facility (EFSF) as a bank. The goal is to 'fire power' EFSF in the fight against debt crisis could be more qualified. But European officials strongly denied such speculation. "EFSF will not be a bank," said Head EFSF, Klaus Regling in Munich, Germany. Regling acknowledged that it is looking for ways to add capacity EFSF, but did not consider the earlier discourse. "Not discussed at all," he said in the media. The establishment of the bank would run counter to the rules of the European Union (EU), where the European Central Bank (ECB) is prohibited finance a budget deficit of a country. Therefore, Germany and other member countries strongly opposed the idea. European finance ministers are looking for new ways to boost funding EFSF that 'only' for 440 billion euros. That amount should be allocated on three important issues, namely the banking recapitalization, the recovery of Greek and crisis prevention to other countries such as Italy and Spain. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 18, 2011 Author Report Share Posted October 18, 2011 News and Economic Review Europe (UK) UK Annual CPI Increases to 5.2% September, Match Record Tuesday, October 18, 2011 UK consumer prices rose 5.2% in September compared with the same month last year, up from 4.5% annual rate in August and the corresponding record in September 2008, the Office for National Statistics (ONS) UK reported on Tuesday (18/10). Monthly inflation rose 0.6% in September. Economists had forecast a monthly increase of 0.4% and 4.9% annual rate. The cost of gas and electricity is the biggest mover in the rise in annual inflation, the ONS said. The inflation rate far exceeds the annual inflation target of the Bank of England at 2%. BOE policy makers, however, last month began to re-program the central bank's quantitative easing amid expectations that inflation will fall back sharply in the coming months. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 18, 2011 Author Report Share Posted October 18, 2011 News and Economic Review Europe (France) France: Moody's Action Not endanger Europe Tuesday, October 18, 2011 Rating agencies Moody's re-spread threats to the developed countries of Europe. This time the object of warning directed at France, which was preoccupied by the resolution of regional economic crisis. Moody's released a warning to the AAA rating, which is owned by the French. Agency says ready to downgrade the country's deficit ratio into account. In recent months, Moody's may cut its outlook for France from 'stable' to 'negative' because the government already weak fiscal management. Nicolas Sarkozy's government could face a serious deficit problem caused by too much attention to the bailout for another country. Therefore, Sarkozy demanded to implement the program in greater fiscal and economic discipline. "Downgrade We depend on the performance of its own," said French Finance Minister, Francois Baroin. "Fiscal adjustment must be made within 3 months, before the presidential election starts," said Michel Martinez, economist at Societe Generale. If not met, then it's too late because the 2012 deficit target will not be counted again. Directly, Moody's warning to the French make the greater the risk of spread of the crisis. Moreover, France's role in the bailout program area is very large. But Baroin denied if the Moody's action could jeopardize the continuity of the negotiations the European recovery. Because the downgrade (if any) will come out after talks over Europe. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 19, 2011 Author Report Share Posted October 19, 2011 News and Economic Review Europe (Greece) Beginning, Greek National Strike Wednesday, October 19, 2011 The main Greek trade unions to keep its promise to mobilize the masses in large numbers on Wednesday (19/10). Large-scale demonstrations to make public facilities in the capital Athens is inactive until at least the next 48 hours. Starting from schools, government offices and banks do not operate ahead of the parliamentary voting on budget cuts in government programs. The protest today claimed as a 'demonstration peak' of a whole series of resistance in recent months. A strike customs will make food and fuel supplies disrupted. While hospitals employ only emergency that are not too many. The gas station closed until the mass action is really over. The demonstration was also supported by air traffic controllers, but its participation is only for 12 hours until Wednesday afternoon. Neglected because sea transport ferry and port workers took part to the city center. Upper-middle-class workers, such as lawyers, do not miss participating in trade union protests. The government must exert itself to a temporary order to collect thousands of tons of waste in the capital. Given the pile of garbage was piled in various places due to demonstrations and strikes the officer concerned. It certainly can trigger health problems in Athens. But the government still had to think hard to find a new disposal area for final disposal sites Ano Liosia mass blockade. Reflecting on the facts that occurred in the field, Prime Minister George Papandreou requested the party elite to reduce social tensions. "I ask for your support, the whole party," he said yesterday. Papandreou's Socialist Party alone has 154 representatives in the 300-seat parliament. Thus, the proposal cuts only a matter of time for passed. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 19, 2011 Author Report Share Posted October 19, 2011 News and Economic Review Europe (UK) MPC England Bless The expansion of QE Wednesday, October 19, 2011 Plan of the Bank of England (BoE) to raise funds in the asset purchase program does not meet the constraints. Monetary Policy Commission (MPC) of the Central Bank approved the expansion of the discourse was unanimous. The addition of funds for the purchase of assets or quantitative easing amounts to 75 billion pounds. Thus, the total capacity of the BoE funds to 275 billion pounds. MPC unanimously supported the decision a fixed interest rate at 0.5% and purchases of assets by 9 votes versus 0. Several members of the committee to see which programs are important because the risk of slowing increasing. But the fund's capacity can be adjusted later to reflect on the latest developments in the EU and world financial markets. "Some members saw a substantially greater risk, so we need a new monetary stimulus," according to the Minutes. Authority to be flexible in determining the amount of quantitative easing liquidity, considering everything should be tailored to the global situation. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 19, 2011 Author Report Share Posted October 19, 2011 News and Economic Review Europe (Greece) ECB: Greece Will not Bankrupt Or Leave EU Wednesday, October 19, 2011 Vienna - Greece will not go bankrupt or have to leave the EU because of financial problems. This was conveyed by members of the Governing Council of the European Central Bank Ewald Nowotny told a news site the province told Reuters. "I do not think Greece will go bankrupt or that it will leave the European Union. Treaty of the European Union needs to be changed for this," he was quoted as saying in remarks published on Wednesday. Nowotny also said the euro is really intact and that it is important to distinguish between individual problems and the euro zone currencies of those countries. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 20, 2011 Author Report Share Posted October 20, 2011 News and Review of European Economic Greek Rescue Package Phase Two Threatened Pending Thursday, October 20, 2011 European Commission and the IMF is quite contrary to the Greek, both are still looking for consensus in order to give Greece the next bailout loans to avoid default Athens. As a result of these disagreements, there is still potential for further delays for the second stage of the Greek rescue package. On the positive side, the Troika report released today or tomorrow kemugnkinan can bridge differences of opinion from both institutions. Greek parliament expected to approve the budget cuts and tax programs as a prerequisite given aid package worth 8 billion euros. Besides the Greek government has stated that they still have sufficient funds until mid-November. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 20, 2011 Author Report Share Posted October 20, 2011 News and Economic Review Europe (UK) GBP / USD Weakens As Debt Plan split Europe Thursday, October 20, 2011 The pound fell against the dollar as signs of discord emerged among the leaders of the euro area on a plan to end the debt crisis. Sterling weakened against all but three of the 16 major counterparts tracked by Bloomberg as the FTSE 100 index declined 1 percent and the Stoxx Europe 600 Index fell 0.9 percent. Down even after a report showed retail sales, including fuel, unexpectedly rose the sharpest in five months in September. Gilts rose as investors sought safety from the British government debt. The pound fell 0.4 percent to $ 1.5709 at 09:40 am in London, and slipped 0.5 percent to? 120.56. Weakened 0.2 percent to 87.42 pence per euro. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 20, 2011 Author Report Share Posted October 20, 2011 News and Review of European Economic European Market Return Fading Optimism Thursday, October 20, 2011 European stock markets moved lower on waning session Thursday as investor optimism following the talks deadlock between Germany and France hope will reduce the production of a robust solution to resolve the debt crisis in the euro zone EU summit this weekend. Eurostoxx 50 Index slipped about 1.45%, while the German DAX and French CAC each have lost 0.53% and 0.85%. In the UK, the FTSE index dropped 0.6% in the first 2 hours of trading. Investors look back to avoid risky assets in trading Thursday due to waning optimism over the settlement of the debt problems of the region, following the agreement has not yet related to the handling of Greece continues to defer payment of debt bailout package for the country was on the verge of bankruptcy. If this occurs, the default Greece potentially bring dire consequences for the European banking sector in particular, and also to the global economic recovery. In addition, the Federal Reserve's grim projections in the Beige Book yesterday also add a reason for investors to increasingly concerned about weakening economic growth. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 21, 2011 Author Report Share Posted October 21, 2011 News and Economic Review Europe (UK) GBPUSD: Rebound, Test Range Resistance at 1.5805 Friday, October 21, 2011 GBPUSD managed to rebound and reach the target of the previous analysis on the trading session yesterday. Currently GBPUSD looks to test the range of 1.5805 resistance area where the outbreak of the resistance level is to open opportunities for further strengthening towards 1.5846 area. But on the contrary, both technically today looks a bearish pressure to the area of support the range of 1.5763 to 1.5719 if the resistance is able to survive. This projection is also in line with the movement of CCI and Stochastic Also currently tend to move down. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 21, 2011 Author Report Share Posted October 21, 2011 News and Review of European Economic German Ifo Business Climate Down, Euro Yen Urged Friday, October 21, 2011 Euro currency pair to trade EUR / JPY this afternoon (21-10) observed weakening and the pair traded in the range of 105.37. The euro weakened along with the presence of a negative indication on the German economy, where it is shown by the reduced performance of the business sector in the country. German Ifo Business Climate Indicator fell to 106.4 reported previously expected to fall to 106.3 from 107.4 the previous value. This negative response by investors to trade forex. Analyst Research Vibiz of Vibiz Consulting suggests that the Euro on the currency pair EUR / JPY is expected to weaken further still. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 21, 2011 Author Report Share Posted October 21, 2011 News and Economic Review Europe (UK) Fiscal Sector Improved Indication of England Show Friday, October 21, 2011 Pound sterling currency to trade GBP / USD pair this evening (21-10) rallied and tracked the pair traded in the range of 1.5767. Pound rebounds along with the presence of strong positive signal on the British economy, where it is shown by an increase in performance on the fiscal sector in the country. Indicators of Public Sector Net Borrowing tumbled into 11.4B where previously expected to drop to 12.0B 13.2B from the previous value. It was responded positively by investors in forex trading. Analyst Research Vibiz of Vibiz Consulting suggests that the pound sterling currency on the currency pair GBP / USD is expected to still be strong and move in positive territory. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 24, 2011 Author Report Share Posted October 24, 2011 News and Review of European Economic Euro Slipping; Waiting European Meeting Results Monday, October 24, 2011 The euro slipped from a high-level six-week high against the dollar due to the uncertainty of the euro-zone agreement to overcome the debt crisis prompted investors to reduce batch bullish. The euro could rally in early Asian session after Europe bank recapitalization plan agreed. France and Germany are also rumored to be agreed on a plan that could use EFSF to stop transmission of the debt crisis. However, there are still differences in the amount of haircut will mainly be borne by the holders of Greek bonds. "The market is expecting more than the previous European meetings, but seems to be a natural disappointment," said Dean Popplewell, a strategic interviewed by Reuters. Traders also saw the failure of EUR / USD reach 1:40 as the cause of the fall of the euro. Analysts saw the delay publication of a comprehensive plan to solve the crisis could weaken the euro. "I will not take long euro positions now. There is a risk given the decline in the market had hoped for a comprehensive solution to the problem of European debt," Richard turu Falkenhall, strategic SEB. However, analysts predicted the euro would not be a significant natural attenuation to complete the European meeting on October 26. Traders see the bids in the range of $ 1.3780 to $ 1.3810 can be reduced damping. Psychological level of $ 1.4000 would be resiten. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 24, 2011 Author Report Share Posted October 24, 2011 News and European Economic Review (Switzerland) Swiss Franc Negative Sentiment Stock Market Urged Monday, October 24, 2011 After a gap opened up in early trading today (24-10) the major stock indexes moved lower tracked Switzerland. SWISS MARKET INDEX scrolling value showed a decrease of approximately -0.06% from opening price. Analyst Research Vibiz of Vibiz Consulting suggests that the Swiss franc against the U.S. dollar weakened approximately - 26 pips, or about - 0.30% from opening price at the trading in the spot market today. Movement of the pair at the time the news was revealed indicate a movement to weaken the Swiss franc around - 59 pips from the range of the strongest on this day. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 24, 2011 Author Report Share Posted October 24, 2011 News and Economic Review Europe (UK) England determined to join the eurozone meeting Monday, October 24, 2011 British willingness to participate in the European Union meeting on 26 October triggered a strong reaction from French President Nicolas Sarkozy. British Prime Minister David Cameron revealed that the meeting should be held two days was not only dihadari 17 euro countries alone, but involves all 27 countries that have dikesatuan Europe. Sarkozy sarcastically said that if England want to get involved then it should join the euro zone, based on information sources in Brussels yesterday. In a press conference, Mr Cameron said that we all must respect the wishes of some countries who do not want to join the euro zone. He also added that the debt crisis that hit the euro zone requires that all countries in the region to conduct fiscal and economic integration but certainly not at the expense of the British national interest. Sarkozy reportedly very angry with British Finance Minister Cameron and George Osborne for having criticized the way the euro zone respond to crises and to teach them how to respond. In the end agreement was reached, the European Union's 27 heads of state invited to attend the meeting on 26 October. Cameron also said it would attend the meeting of euro zone ahead of the conference. He said the occasion will be used to finalize decisions related to bank recapitalization and discuss a comprehensive package to create the future of the euro is stronger and safer. However, a spokesman for both parties chose silence when asked for confirmation about it. EU President Herman Van Rompuy pledged to seek ways to soften the differences between euro countries with countries that are not incorporated therein. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 25, 2011 Author Report Share Posted October 25, 2011 News and Economic Review Europe (Italy) Coalition partners worry about the Italian Government Tuesday, October 25, 2011 Italian Prime Minister Silvio Berlusconi, is now facing pressure from the European Union which requires Rome to continue the economic reforms at the time of his coalition partners worry about the sustainability of government. EU leaders, led by German Chancellor Angela Merkel and French President Nicolas Sarkozy, Berlusconi has demanded to lay out a credible plan to keep the sustainability of economic growth and trimming debt at a meeting Oct. 26. However, Italy last cabinet meeting held tough after Berlusconi's coalition partner in the Northern League party refused to raise the retirement age to 67 years. Chairman Northern League, Umberto Bossi, express disagreement can roll the current government and speed up the ongoing elections. "The Italians now face the risk," said Bossi. "The situation is difficult, very dangerous. This is a dramatic moment." Meanwhile, the euro weakened on the New York session. EUR / USD is now trading 1.3900, 1.3960 daily stay away from high-level Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 25, 2011 Author Report Share Posted October 25, 2011 News and Economic Review Europe (UK) Pressed Sterling U.S. Dollar Ahead Consumption Sector Data Release Tuesday, October 25, 2011 In trading GBP / USD European session this evening (25-10) Pound Sterling turned lower against dollar tracked the U.S. and in the range of 1.6001. As rival the U.S. dollar, pound sterling currency forex investors become less desirable in line with the expectations of an increase in U.S. economic performance. The latest information about the CB Consumer Confidence indicators which is scheduled to be released by The Conference Board Inc.. expected to show an increase in the consumption sector performance. CB Consumer Confidence Indicator expected to show improved performance and the estimated value rose to 46.1 from 45.4 the previous period. It is sustained early pro USD by investors in forex trading. Analyst Research Vibiz of Vibiz Consulting suggests that the Sterling on the currency pair GBP / USD is expected to still be strengthened further, particularly until the data was announced. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 25, 2011 Author Report Share Posted October 25, 2011 News and European Economic Review (Switzerland) Swiss Franc Moves Sideways ahead of EU Summit Tuesday, October 25, 2011 Swiss Franc traded flat against the euro and U.S. dollar weakened slightly compared as investors await EU summit results are combined by the governor as saying SNB Swiss Franc currency is still in the path attenuation. SNB governor Philipp Hildebrand said that while the franc is relatively strong but will gradually weaken. Another negative catalyst for the Swiss Franc are the expectations that European policy makers in the near future will work out a strategy to bring the euro zone out of the crisis has reduced the appeal of safe-haven franc. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 26, 2011 Author Report Share Posted October 26, 2011 News and Review of European Economic Look forward to meeting European market results Wednesday, October 26, 2011 Investors cautious ahead of the meeting predicted Europe will describe a plan to solve the debt crisis of the euro-zone. Euro steady above $ 1.39, European stock markets has not changed much, and the bond market is also fairly quiet. However, market optimism began to decrease with the emergence of differences in perception between European leaders over how best to fight the crisis. Citi even uttered a meeting like a numbers game, but without the numbers. There is a consensus of the need for additional capital injection of around € 110 billion into the banking system of Europe in order to anticipate the possibility of Greece's debt default and contagion of the crisis. But there is a difference will be how to increase the capacity of EFSF funds and how many losses will be borne by the holders of Greek bonds. "Europe may not be able to give satisfactory results despite the desire to immediately solve the debt problem," said Lothar Mentel, Octopus Investments executives, as he uttered the market will react badly if Europe does not provide a comprehensive plan. The movement of EUR / USD which is still located near six-week high level of $ 1.3960 suggests investors still expect the results of the European meeting will be positive. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 26, 2011 Author Report Share Posted October 26, 2011 News and Economic Review Europe (Germany) German parliament Provide Support For Euro Wednesday, October 26, 2011 Having had time to sit around the area of $ 1.39, Euro immediately appreciated up to the high levels of 6-week versus the U.S. dollar at $ 1.3975 shortly after the German parliament approved the increase in bailout funds € 440 billion on Wednesday, before then must be traded back down at $ 1.3920. The focus of market participants are still fixed on Wednesday at a summit of European leaders are expected to be able to give some hints about the next steps in resolving the prolonged debt crisis region. Even so, the euro still has the potential to test the level of $ 1.40 if European leaders can provide a tentative solution, said John McCarthy, head of currency trading at ING. "The market continues to await concrete information from the EU summit, any results that may be close to market expectations for the euro had a positive impact," he said. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 26, 2011 Author Report Share Posted October 26, 2011 News and Economic Review Europe (Germany) German parliament agrees Leverage EFSF Wednesday, October 26, 2011 German parliament gave approval to strengthen the euro-zone rescue funds through leverage; This course will give the mandate to Chancellor Angela Merkel to do the negotiations at the European meeting in Brussels. 503 members of parliament to give consent, 89 refused, and 4 abstentions. The results also revealed the Bundestag voted European Central Bank (ECB) will not need anymore to buy bonds on the secondary market, and the rescue fund can not be financed through ECB. EUR / USD could reach 1.3975 after the Bundestag gave consent. However, the euro looks strengthening due to difficulty maintaining rampant profit-taking as traders are still waiting for the results of the European meeting. EUR / USD is now trading 1.3910, 1.3892 daily lows near Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 27, 2011 Author Report Share Posted October 27, 2011 News and Review of European Economic Zone The euro soared 1.5% Related Repatriation of European Banking Thursday, October 27, 2011 Continue strengthening euro to its highest level in 7-week Thursday, penetrate above the psychological level of 1.4050, and 100-day moving average at 1.4080 level, and even managed to go beyond 200-day moving average at 1.4100 level. Momentum strengthening euro also helped by reports the U.S. GDP data corresponding expectations, combined by the positive results of the European Union rescue package likely to provide short-term stability in the financial sector. Another positive catalyst haircut for Greek bonds worth 50% is considered a win-win solution, on the one hand the Greek load will decrease and reduce the ratio of debt to GDP to 120%, and it is also positive for stocks and risky assets because of losses to be absorbed by banks has been reduced. Besides, another reason is the strengthening Euro European banks which should improve its capital structure will repatriate the funds, which means the demand for euro currency higher. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 27, 2011 Author Report Share Posted October 27, 2011 News and Review of European Economic Zone Norway Interested in Investing in EFSF Thursday, October 27, 2011 Norway can be added investment in the European Financial Stability Facility (EFSF) if the investment can provide benefits and have the appropriate risk. "We have invested in the fund EFSF before and we consider doing it again," said Bunny Nooryani, a spokesman for Norges Bank Investment Management, the state investment institutions manage Norway's petroleum wealth. "But, the investment will be subject to the same requirements for profitability and risk assessment." Nooryani declined to give details of investment plans in EFSF Norway. He also declined to comment on whether Norway's Global Pension Fund has planned a meeting with EU representatives on investing in EFSF. Meanwhile, the euro rose on the New York session. EUR / USD is now trading near 1.4132 daily high level of 1.4146 Quote Link to comment Share on other sites More sharing options...
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