News and Reviews European Economic Zone

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News and European Economic Review (Switzerland)

 

Swiss National Bank Determined Will Stay Forced Swissie Weakens

Monday, December 26, 2011

 

Swiss Franc exchange rate on trade in the spot market during the year 2011 until today, overall weakened monitored very thin - 16 pips, or about - 0.17% from opening price at the beginning of the year.

 

Opened in the range of 0.9335, the pair USD / CHF was observed moving in the range of 0.9351 at the end of this year.

 

These currencies tend to strengthen in the period with increasing investor interest in Swiss Francs as a safe haven currency, amid increasingly poor European economy and rising concerns that the global economic recovery can not proceed smoothly.

 

 

But the strengthening Swiss franc currency affects economic performance so that the Swiss National Bank (SNB) as the Swiss central bank, forex intervention to weaken the Swiss franc and the currency moves tend to be weakening in the period August to the end of this year.

 

Swiss franc weakened monitored around - 2281 pips in that period.

 

In its decision on 15 December, the SNB reiterated that the agency would remain melakuakan intervention in the form of foreign currency transaction that is not limited, in order to force the Swiss franc strengthened to not return.

 

In addition the SNB also said that the loose monetary policy will still be maintained in the near future is.

 

Adapu trading spot forex market today is very limited runs, with her off the banks in various countries including Switzerland.

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News and Review of European Economic Zone

 

The euro strengthened amid thin holiday.

Monday, December 26, 2011

 

 

The euro gained in thin trading today (26/12) during the Asian session where the dollar weakened against most major currencies.

 

EURUSD trade changed only slightly to $ 1.3059, up slightly from Friday's close at $ 1.3047. Dollar up last weekend by the Italian bond auction results imbalnya interest surged to a level of 7%, this increase will market concerns current European conditions.

 

Despite quiet trading, amid a lot of lid stock exchanges, but trading volume is quite decent for a transaction in akhri this year.

 

Lainyya against major currencies, weakening dollar weakened against the Japanese yen fell to? 77.99 from the previous in? 78.03 on Friday.

 

GBPUSD, rose tupis where Pound was trading at $ 1.5612 from $ 1.5609 sebelunya. while against the Australian dollar also rose to $ 1.0159 from $ 1.0148, while the Sydney stock exchange closed until Wednesday.

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News and Review of European Economic

 

Expanding Euro Moderate Increase

Tuesday, December 27, 2011

 

Euro rebounds expand slowly during Asian trading hours on Tuesday (27/12), but the volume still reported low because of the holidays.

 

The euro edged up to $ 1.3078 from $ 1.3060 Monday in Asia, with several major European markets since returning from holiday break later in the day globally.

 

The dollar index, which tracks the greenback against a number of major currencies, slipped to 79,826, down 0.2% from the previous day, according to FactSet data.

 

The dollar also weakened against the Japanese yen, down to? 77.83 from? 77.95 Monday.

 

The pound rose to $ 1.5681 from $ 1.5636 Monday.

 

Australian dollar back to a level on Friday at $ 1.0145, after rising slightly to $ 1.0161 Monday, with the Sydney market continues to break for Christmas and Boxing Day holidays.

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News and Review of European Economic

 

Index Euro Weakens, Italy encroached Crisis

Tuesday, December 27, 2011

 

Euro in trading today (27-12) tracked down and has not demonstrated the potential performance improvements.

 

Running index value was observed in the range of Euro 103.08 and fell approximately - 0.03% in intraday trading forex today.

 

Codacons consumer group today, released a report on the occurrence of apathy in the Italian retail sector.

 

The agency reported that households in the country is still in line with efforts to restrain consumption menganggulangi debt crisis that undermined the development in Italy.

 

Reported a decline in spending around 48 Euros per person ($ 62.75 USD / person) in this holiday season.

 

Sales of shoes and clothing sub-sector is suffering the most severe where sales were down approximately -30% from a year ago.

 

Although the euro has not shown the potential to weaken significantly, but the pressure of the currency is still quite large.

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News and Review of European Economic

 

Note the strengthening of Europe ahead of U.S. data

Tuesday, December 27, 2011

 

French and German stock exchanges are leading the increase in session Tuesday after European stock markets resume trading after the long Christmas holiday weekend, with a focus on U.S. data to be released later.

 

Stoxx Europe 600 Index rose 0.2 percent to 242.31. Index closed last week rose 3.5 percent amid optimism over U.S. data, which shift the focus from Europe's debt crisis.

 

London market was closed Tuesday. Exchanges Smeentara China reached a new low point in the last 33 months in a thin volume. U.S. markets will reopen today with the data will be the focus.

 

Index Case-Shiller home price for October will be released at 9:00 Eastern time and the Conference Board's Consumer Confidence Index for December will be released at 10:00.

 

In Europe, the increase was led by defensive sectors, such as pharmaceuticals, energy and food. Sanofi SA rose nearly 1 percent and supermarket group Carrefour SA shares rose 1.4 percent, while shares of Total SA gained 0.7 percent. Total stocks helped the French CAC 40 index rose 0.4 percent to a level of 3,113.87.

 

German DAX 30 index climbed 0.3 percent to as low as 5,898.01 with shares of business-software group SAP AG rose 1 percent and retail company Metro AG rose 1 percent.

 

German Economy Minister Philipp Roesler told the Handelsblatt newspaper that the economy was "very strong" and "complete" for the coming year, even amid difficulties in the international and European level.

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News and Review of European Economic Zone

 

Daily-Forex Fundamental Analysis

Wednesday, December 28, 2011

 

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

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

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

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News and Review of European Economic

 

Euro weakens as rising borrowing costs Italy

Wednesday, December 28, 2011

 

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

 

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

 

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

 

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

 

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

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News and Review of European Economic

 

Wait Euro Bonds Auction Results Italy

Wednesday, December 28, 2011

 

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

 

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

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News and Review of European Economic

 

European stocks edged up ahead of auctions Italy

Thursday, December 29, 2011

 

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

 

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

 

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

 

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

 

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

 

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

 

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

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News and Economic Review Europe (Italy)

 

Italian Bonds Auction Ends With Lower Yield

Thursday, December 29, 2011

 

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

 

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

 

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

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News and Economic Review Europe (UK)

 

Pound mired in the Lower Level 1.5400

Thursday, December 29, 2011

 

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

 

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

 

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

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News and Economic Review Europe (UK)

 

London Exchange End Year With a decrease in

Friday, December 30, 2011

 

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

 

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

 

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

 

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

 

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

 

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

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News and Economic Review Europe (UK)

 

Uphill Sterling Against the Euro

Friday, December 30, 2011

 

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

 

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

 

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

 

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

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News and Review of European Economic Zone

 

Attempting to Recover European exchanges at the end of 2011

Friday, December 30, 2011

 

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

 

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

 

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

 

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

 

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

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News and Economic Review Europe (France)

 

2012, France's budget deficit prioritize control

Monday, January 2, 2012

 

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

 

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

 

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

 

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

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News and Economic Review Europe (Germany)

 

Germany guarantees the European Union is not divided

Monday, January 2, 2012

 

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

 

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

 

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

 

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

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News and Review of European Economic Zone

 

Euro Weakens on Asian Markets

Monday, January 2, 2012

 

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

 

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

 

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

 

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

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News and Economic Review Europe (UK)

 

UK Manufacturing Exceeds Estimates

Tuesday, January 3, 2012

 

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

 

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

 

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

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News and Review of European Economic Zone

 

European exchanges tend to be strengthened; mining lead England

Tuesday, January 3, 2012

 

 

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

 

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

 

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

 

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

 

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

 

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

[mynameisandhy]

News and Review of European Economic Zone

 

Euro Rally Limited

Tuesday, January 3, 2012

 

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

 

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

 

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

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News and European Economic Review (Switzerland)

 

Dollar vs Swiss Franc sales drop

Wednesday, January 4, 2012

 

Dollar strengthened against the Swiss franc and euro on Wednesday, recovering from previous weakening of that looked yesterday due to the positive macroeconomic data could prop risky assets and the weakening U.S. dollar.

 

Although the path attenuation, but the depreciation of the Swiss franc is still limited to positive as the Swiss manufacturing activity in December after having contractions for 3 months, helped by exchange rate stability. In addition a series of positive data from the U.S., China, Britain should also be able to maintain a kesleuruhan expectations remain positive.

 

Economists also believe a brighter outlook for the Swiss manufacturer, the only risk is if the exchange rate has appreciated in excess and economic performance affected by further developments in the crisis zone of Europe.

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News and Review of European Economic

 

Euro Falls Waiting German Bond Auction

Wednesday, January 4, 2012

 

The euro slumped back against the dollar on Wednesday as profit taking after a sharp rally last few days, let alone most market players are still quite tense waiting for the German bond auction results.

 

Euro Rally previously caused investors to reduce positions in these currencies after the data that generate positive interest in riskier assets, other than that the euro zone economic data on Wednesday also is still better than estimates.

 

Ahead of the German bond auctions, many analysts believe that the auction of the bonds at a 10-year tenor worth 5 billion euros will go smoothly, however the investors are reluctant to take risks due to trauma weak demand at auction earlier in the month of November.

 

If the auction this time indicated a higher demand, then the Euro should be tertopang significantly, otherwise a poor auction results related anxiety would immerse Euro eurozone debt crisis began to creep into safe-haven status of Germany.

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News and Economic Review European (Spanish)

 

Spanish jobless claims continued to crawl up

Wednesday, January 4, 2012

 

Spanish unemployment continues battered. December 2011, the citizens who do not have a job in the country matador entered into a five-month trend of improvement.

 

Jobless claims increased in 1897 to 4.42 million last year. "Data released reflects the poor economic situation of Spain in the second half of 2011," said Engracia Hidalgo, vice minister of the Spanish workforce.

 

Prime Minister of Spain, Mariano Rajoy was in the pressure recovery of the crisis quickly. On the one hand, the government should set a budget and saving labor. whereas, tightening expenditure is also believed to trigger the number of unemployed.

 

Previously, the economics minister predicts that the end of the Spanish economy could be in a position not recorded minus growth alias.

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News and Economic Review Europe (Germany)

 

German bonds Merkel Sarkozy Meeting With sales drop

Monday, January 9, 2012

 

German bonds to 10-year maturity fell, turning from strengthening during the second day, as Angela Merkel held a meeting with Nicolas Sarkozy to discuss their latest efforts to overcome the sovereign debt crisis of the European region.

 

Another factor that caused bond yields to fall among the other German German exports data recovery, thus supporting the belief that Germany's economic recovery is sustainable. Germany also managed to sell bonds for the 6-year maturity at a negative yield for the first time.

 

Separately, the yield on 10-year tenor France also fell 4 basis points to 3:32%, while the 2-year tenor drops to 1%.

 

Greek bond yields only 10-year tenor continues to climb 40 basis points to as low as 35.33%, due to doubts over the ability of the IMF Greece solve its debt problems. Greece is also rumored to have private sector pay freeze for at least 3 years in order to secure a new aid from the EU, the ECB and the IMF. Additionally write-Greek bondholders up to 50% was considered not enough to save the country. Volatility also appears in the Irish bond market, bond followed by Portugal.

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News and European Economic Review (Switzerland)

 

Resignation of SNB Chairman Startle Franc

Monday, January 9, 2012

 

Franc strengthened against the dollar after the head of the Swiss central bank (SNB) proposed resignation. "Swiss National Bank Chairman Philip Hildebrand, has resigned due to foreign exchange trading scandal committed by his wife," the statement SNB. Hildebrand had previously rejected calls to resign because it does not give orders to his wife to do foreign exchange transactions.

 

Hildebrand's wife, Kashya, a former hedge fund trader who now have art galleries, selling francs and buying dollars worth of $ 418,000. The transaction is carried out three weeks before the SNB implemented various policies aimed at strengthening damping swiss francs, including the determination of the exchange rate of euro against the franc at a minimum level of 1.20.

 

Franc rose 40 pips against the dollar due to the resignation news Hildebrand, although not long before the franc looks start trouble maintaining performance. USD / CHF 0.9524 is now trading near 0.9490 daily low levels.